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10 Reasons I Don't Have a Credit Card
Why Cash is Better
Nader, Ralph http://www.counterpunch.org/2014/12/08/10-reasons-i-dont-have-a-credit-card/
Publisher: CounterPunch
Date Written: 08/12/2014
Year Published: 2014
Resource Type: Article
The ability of cash and checks to compete with the credit card industry and its strict controls on merchants. This obvious point becomes less obvious when one takes into account the expanding exclusion of cash/check payments due to the overwhelming expansion of goods and services that you cannot buy unless you have a credit card or a friend with one whom you can reimburse.
When sending some types of express mail, renting a car, or paying for the services of airlines/trains or hotels, you either cannot pay with cash/check or it is a real hassle of inquiries and conditions. The overall trend is to limit more and more what legal tender can actually buy in America because of exclusionary fine print contracts (see faircontracts.org).
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