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Rarely are the prices different if paying in cash vs credit (due to agreements I believe) which means you still pay the extra 3 to 5 percent, but receive no reward points, cash back, or anything extra. So in affect, by paying cash, you are receiving less for your money.

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I'm opposed to participating in making financial institutions that are already "too big to fail" yet bigger.

I'd rather the merchant get the percentage. Particularly with smaller merchants who are forced to pay larger percentages on charges.

I also don't like all the games that card issuers make us play. "Rewards" -- with qualifications. "Cash back" -- with qualifications. "Miles" -- don't even get me started.

For my part, I no longer wish to participate -- any more than I find absolutely necessary -- in furthering this system and its entrenched leaders. So, putting my money where my mouth is...

Perhaps.

After working for a few years in the financial industry, I believe that interchange fees are fundamentally immoral. The US interchange market is fundamentally broken, and they act as a perverse incentive.

I make it a point to use cash when I can, especially with smaller businesses. I feel like I'm getting my money's worth.

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