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To: Jacob Snyder who wrote (92055)	4/10/2001 7:19:01 AM
From: Stock Farmer	Respond to of 436258

CC card companies live for the revolve so transactors like us are a cost of doing business. Good book "Paying with Plastic". To me it read like is an ad for Visa in the US Gov't antitrust suit... but presents the payments environment well. John.

To: Jacob Snyder who wrote (92055)	4/10/2001 4:20:44 PM
From: Mama Bear	Respond to of 436258

"The increased use of credit cards is worrisome, because so many people carry high balances. " I believe the high for the month is reported as a 'balance' even if paid off in full every month. I just got my credit report and it makes no distinction between the balance on the card I pay each month in full, and those I don't. Which brings me to these teaser rates of 1.9, 2.9, and even 0%. I have several cards which I am carrying 'high balances', but the money is borrowed at a low rate and is sitting in a money market making a profit. I never used a card 10 years ago, now I charge everything I can. 10 years ago there were no teaser rates. While this likely doesn't account for all of the cc debt out there, it has to have a significant impact. The comparison between now and 10 years ago just isn't an apples to apples thing. "But, since I pay my cc balance in full every month, I pay nothing for the use of their money for several weeks. I suppose if a large enough fraction of customers did like I do, the cc companies would have to change the rules." They do take a bite of 2% or so from the merchant. That more than makes up the 45 days or so they let you use the money. Regards, Barb