MONEY MATTERS

While using credit cards, we not only pay for the purchases we make, we have to pay an additional charge, from which the credit card company pays it’s employees, for the advertisements and so on. No wonder credit companies are having to confront mortal costs in fraud ( again, passed on to us). What on earth did we think would happen?

We can settle all our room charges in cash, thankyou, eyeballing the puzzled concierge until he sanctions such quaintness. If our employers wish us to travel, it will be their responsibility to book the tickets. If the airlines will not accept an alternative payment, then we can sit at home.

In extremis, we can use a debit card, but only where we can physically locate the recipient and give him merry hell when he sells on our details to some Nigerian swindler.

Of course there is a global crisis. These virulent little bits of plastic have for too long beguiled us into spending money we don’t have. They make us spendthrifts, they make us buy things we are not in need of and also they make us indebted. The chickens are coming home to roost, as any fool could have predicted.

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