Credit Cards and Taxi
Top Credit Card News!
We all would love to obtain credit cards with no fees at all, but somehow those plastics we use almost every day have so many various fees and charges that it's getting difficult to manage them.
Typically, when applying for a card, customers pay attention mostly to an interest rate and an annual fee if there's any. But somehow, they overlook numerous hidden fees that may cost them dear. To be more exact, they cost millions of dollars a year. Read more and learn how you can identify and avoid hidden fees and surcharges.
Click here to read more...Like it or not, in today's world a credit card is a must-have for every customer who tries to go with the times. Gone are the days when cold cash prevailed, these days plastics are undisputable leaders, and if you've got long-term plans concerning your financial well-being, a credit card happens to be a great financial tool for building your credit score.
When it comes to first credit cards, college years may be the right time to start your credit life. The great thing about student credit offers is that they are designed to meet wants and needs of youngsters, they give an excellent opportunity to start establishing credit history when still in college. All the more so, there's no shortage of these deals in the credit market, so that you can easily take advantage of a credit card for students!
Click here to read more...For those people who are carrying heavy debts, a balance transfer game can save a large sum of money. However, this game can be a tricky one. On the one hand, you can take advantage of teaser rates and pay off your debts during the introductory period, on the other, you may end up paying much more than you expected. A balance transfer can be a smart idea and you can easily eliminate your debts. But before you take this step and shift your debt onto another card, you should know the rules of this balance transfer game.
Click here to read more...It would be great to apply for the card that requires no interests to be paid. Unfortunately, it's not possible. You will pay interests on a credit card, regardless of your credit history. The only difference here is how much you will pay.
Though there are no such plastics in the US, many issuers offer 0% APR for a specified period of time. The length of the introductory period ranges from six months to twelve or fifteen months. Anyway, you've got enough time to benefit from interest-free period and save a round sum of money in interests. Learn how to make the most of the cards with 0% introductory interest rates.
Click here to read more...Take a Taxi Ride Using Credit Cards!
Step by step, credit cards are becoming quite common for cash-oriented businesses. Present days, it's possible to pay for the ride in taxi with your credit card. Increasingly, yellow cabbies all over the US are being equipped with credit card machines that allow accepting credit and debit cards. While citizens enjoy the new service, taxi drivers are not so happy about these credit card machines in cabs. The cases are not rare when taxi drivers tell a whopping lie in order to get cold cash for their job. What are the true reasons of their discontent?
You can hardly argue with the statement that using credit cards is really a convenience. Whenever and wherever you go, it's really nice to realize that your dear little plastic will be accepted at any place, even if you take a short trip across town by taxi.
But still we hear from time to time the complaints of credit users whose plastics are not accepted due to some reasons. Actually, this situation with taxi drivers resembles the familiar problem with convenience stores and gas stations where small credit card purchases are associated with high transaction fees.
However, taxi drivers have their reasons to resist accepting plastics. It must be mentioned that last year they went on strike twice in two-month period, mostly because of those very credit card machines that allow accepting plastics.
What does this mean for drivers? First of all, taxi drivers lose the portion of their income that comes to credit card processing fees. Besides, the evidence is great that riders will tip less if paying with credit cards.
Taxi riders have recently discovered something new in yellow cabbies, i.e. a set including passenger information screens, credit card readers, and interactive map. Though credit card machines have been installed in order to help riders, there was an adverse effect of these changes. Some riders ended up paying twice with a card and cash.
Taxi drivers turn out to be so imaginative to tell lies when it comes to credit card acceptance. Credit card machines get suddenly broken, or the ride is too short to pay for it with a plastic. They are ready to find any pretext and stand to their guns. No credit cards, just cash!
However, some savvy cardholders find the proper solution. If you are too busy to argue with a driver and you intend to pay the fare with your business credit card, tell that it's all you've got. This is a surefire method to resolve this problem.
Still, it must be said that the number of discontented cabbies decrease day by day. And it's no surprise in view of the fines that will be issued to those drivers who refused to accept plastics. In truth, they are quite big, between $150 and $350. Most probably, taxi drivers would like to avoid these fines, and credit card processing systems installed in taxis will soon be quite a common scene for American riders.
I think that it is a good idea to have credit card machines in taxis. It should be a usual practice! It is rather convenient and up-to-date. I am for it.
IT BEHOVES ME TO UNDERSTAND THE MENTALITY OF BIG BUSINESS TO CHARGE PEOPLE HIGHER RATES WHEN IN FACT THEY ARE STRUGGLING TO KEEP FROM DEFAULTING ON THEIR PAYMENTS SOWHAT DO THEY DO? THEY CHARGE MORE INTEREST FOR NO APPARENT REASON AND EVEN IF THERE WAS REASON HOW DOES IT HELP TO ENSURE YOU CANT PAY BECAUSE OF THE INCREASE IN CHARGES, THEY SHOULD TAKE AWAY YOUR OXYGEN WHEN YOU CANT BREATHE??????
As a taxi driver in a small-to-medium sized city, I can honestly say accepting credit cards is a double edged sword. It is nice that people with no cash can still be customers but the convenience is not all it is cracked up to be. Tips suck on credit cards and it just takes longer...Even if it is a minute or two, time is money for a taxi driver. If you take a taxi...Have cash and tip!
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