Tuesday, July 17, 2007

Latest Credit Card Scheme (commentary: WayTooHigh.com)

From the banner add on Yahoo. If you think these official rules to "win" a trip for four to the World Series is lengthy, you really need only read to the third line:PIN-based and international transactions ineligible. "Why is this scheme so unfair to retailers and cardholders? It forces cardholders to demand that their debit card (PIN transaction) be processed at the much higher signature rates, where rather than a flat-fee, a percent of the transaction charge applies. The only home run here is to the banks and credit card association.

[Commentary: WayTooHigh.com]