Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: sciAticA errAticA who wrote (15012)	6/8/2004 9:25:01 AM
From: Elroy Jetson	Read Replies (1) \| Respond to of 110194

I wonder how Discover could pay a 10% rebate on groceries. Someone who had worked for the credit card operations of Bank One / First USA said that the interchange fee charged to some merchants was as high as 10% but the interchange rate charged to grocery stores was only 2%. I can't imagine a card company taking an 8% loss on grocery charges as a promotion. My Bank One Visa pays a flat 1% rebate on all charges up to $65,000 per year.

To: sciAticA errAticA who wrote (15012)	6/8/2004 11:06:59 AM
From: mishedlo	Respond to of 110194

I will not use Discover because of a concept called 2 cycle billing. I think it should be illegal. People using discover and not paying off every month every time are getting rolyally screwed. Far worse than the interest rates being "promoted". It leaves a bad tase in my mouth to have anything to do with them although I suppose that would be one way to get back. Have everyone start getting cash back and paying bills in full. M

To: sciAticA errAticA who wrote (15012)	6/8/2004 11:34:46 AM
From: yard_man	Read Replies (1) \| Respond to of 110194

>>Discover is paying 10% cash back on groceries.<< but can't use that at WMT -- I am going to experiment and see if I can really save enough to make that wortwhile -- I don't think the grocery is near 10% higher than WMT, but WMT has been cheap enough that we tend to shop there for most foodstuffs -- and heck, the supercenter is convenient -- since you can get more than groceries. how does it work -- I just requested info on it with some new cards