Wednesday, August 08, 2007

Purchase price X 2

While doing some work tonight, I had the national news on tv. I stopped working when the news anchor was doing some shopping and comparing shopping with credit cards vrs. shopping with cash. (I didn't catch all the details of their test.)

I did catch the results. Here's what NBC news found, people were willing to pay twice as much for the same item when they paid for it via credit card vrs cash. That's unbelievable to me.

This may the best reason not to use credit cards for those who tell me "I always pay mine off when the bill comes." That may be so but NBC's news test says you're willing to spend twice as much.

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