Should You Offer Different Prices for Cash and Credit
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First, accepting plastic reduces the expense of counting, transporting, and preventing cash theft. Just as important, consumers aren't limited to spending what's in their wallet.
The last time you had a Tory in No. 10 and a Centrist Dem in the White House, the relationship was pretty frosty.. U have a left of centre Prez, this time around.. The next 2 years will be good fun...
Credit cards with rewards generally target people who spend a lot on credit cards. That high transaction volume is what makes it viable for issuers to provide the rewards. Rewards are drawn from the in terchange revenue that issuers get from merchants. To sup port those high transaction volumes, rewards cards generally have a high credit limit. Lower limits do not make economic sense. These cards are generally offered to people with very good credit as a result. People with no credit history are generally (but not always) considered to be higher risk by issuers, which translates to lower credit limits, which squeezes out rewards propositions.
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