Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Snowshoe who wrote (22494)	8/11/2002 4:27:40 AM
From: Maurice Winn	Read Replies (1) of 74559

Snowshoe, while two or three people don't statistically represent the worldwide approach to credit, I bet that it does. That's because there have been changes which make credit more attractive than writing cheques, using EFTPOS or giving banknotes. Like you, I also use my credit card for most things. With good telecommunications, the process is quick. I get 1% kickback, which adds up. I get a written record of what I'm spending, including proof of purchase. Don't need to carry cash. I pay it off on time. I used to use cheques and cash. Others I know are doing the same thing. Credit cards are increasingly the best way to pay, so of course they are gaining ground against cheques [which many companies dislike now and many won't accept] and cash. Mqurice

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