In article Fuspd.85361$V41.50473@attbi_s52, Jay Honeck
wrote:

Here's another credit card mystery: Why the hell does ANYONE use any card
but Discover? Everyone else charges to use their cards, while Discover
actually PAYS you to use their card -- yet they are a distant third or
fourth in the industry.

If you pay your balance off each month, you wouldn't. But if you're
carrying a balance, that changes things considerably. My Disocver
"pays me back up to" 1%, while at the same time charging me 14.99% in
interest. If I put the same purchase on my MasterCard, I'm paying 6.9%
a.p.r.

Unless I pay the Discover off almost immediately, I come out far ahead
using my lower-interest MasterCard.

Someday, if I ever actually make some money in this business, I won't
need to worry about interest rates. That day's not here yet. :-)

--
Garner R. Miller
ATP/CFII/MEI
Clifton Park, NY =USA=