August 3, 2015

Books & Whatnot: Credit Cards

“One of the best things about writing for The New York Times was the opportunity to shine a light on the shabby treatment I received from large institutions that I am forced to patronize. Prime example: credit cards. Everybody who sells to the public needs to accept them, but the process of choosing a provider is usually given little thought by business owners pressed for time. That’s my story: I was dazzled by a skilled salesperson when I signed up, and then didn’t pay any attention to my monthly charges. It cost me a lot of money. My bank was charging me more than 4.5% of each transaction. After a long shopping process, I was able to bring that down to about 2.5%. This currently saves me about $15,000 a year.”

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