Re:Using GnuCash as a Freelancer to Track Finances and Prepa...
by ThrustVectoring on Tuesday April 17, 2018 @02:03PM
(#16860768)
Have you considered rewards churning in an attempt to cause net losses for the issuer? IMO that's a better protest move than simply not participating, at least until something better can be coordinated.
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Re:Using GnuCash as a Freelancer to Track Finances and Prepa...
by kerkeslager on Tuesday April 17, 2018 @03:37PM
(#16861585)
You're still causing a ~3% loss to the vendor every time you spend money using a credit card.
Re:Using GnuCash as a Freelancer to Track Finances and Prepa...
by Mindless2112 on Tuesday April 17, 2018 @05:55PM
(#16862663)
The vendor has calculated the transaction cost into their prices. You're paying ~2% more than necessary if you pay with cash.
Re:Using GnuCash as a Freelancer to Track Finances and Prepa...
by ThrustVectoring on Tuesday April 17, 2018 @06:00PM
(#16862696)
The vendor often isn't even getting that 2% anyhow - it's dead losses from cash-handling expenses and employee theft.
Re:Using GnuCash as a Freelancer to Track Finances and Prepa...
by kerkeslager on Tuesday April 17, 2018 @07:15PM
(#16863143)
Not if I shop at cash only places.
Is it feasible to do this all the time? No. But quite often it is.
Re:Using GnuCash as a Freelancer to Track Finances and Prepa...
by spookthesunset on Tuesday April 17, 2018 @07:44PM
(#16863335)
I personally believe most of the "cash only" places (or places that beg you to pay cash) only do so to get out of paying taxes. It's a lot easier to underreport your income if your whole business is cash.
Re:Using GnuCash as a Freelancer to Track Finances and Prepa...
by ThrustVectoring on Tuesday April 17, 2018 @08:38PM
(#16863674)
Many businesses are cash-only because they had so much credit-card fraud associated with them that no merchant bank is willing to process their payments.