4 Things You Should Always Pay For With Cash

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19 September 2022

By : Quick Insurance Guru

Banks provide reward credit cards for many kinds of purchases, including those made on groceries, dining out, shopping at warehouse clubs, travelling & lodging. 

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1. College Tuition

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About 85% of colleges and universities now accept credit cards as payment.

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But there is typically a 2%–3% premium for the privilege. With a 2.5% assumption, a $10,000 tuition bill would include a $250 fee. 

2. The Doctor's Office

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Most states no longer restrict merchants from charging extra to customers who pay with credit to cover

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Credit card processing companies charge for every swipe -- those surcharges can be as high as 4%.

3. Government Offices

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Therefore, paying with cash at your local DMV, post office, or court is almost always more affordable. 

4. The Gas Station

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The difference between the price paid with cash and the price paid with a credit card is never more evident than at the gas station. 

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Today, however, most gas stations simply advertise two different prices side by side -- a lower price for cash and a higher price for credit. 

THANKS FOR READING!

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4 Things You Should Always Pay For With Cash