Credit Card News: Shopping

Selected cards: 0
Advertising Disclosure
The U.S. to Ban Credit-Only Stores?
28 May
In the modern world, plastic seeks to replace cash. We are so accustomed to cards - credit and debit, that we try to pay with them wherever it is possible. Especially if we are to earn cashback, points or miles rewards for these purchases.

Following the modern trend, many sellers now are starting to accept payments with cards and smartphones only. That means a total refusing of cash. But not everyone believes such innovations to be something positive.

What’s Wrong?

Digital payments seem convenient for both buyers and sellers. However, there is also a downside.

First of all, there is a huge section of the population that do not have access to debit or credit card accounts. Not only immigrants, homeless and low-income people, but young people and victims of ID theft are concerned. To be honest, each of us may turn out to stay with no ability to use cards in a certain moment.

On the other part, it may be your own choice. Some people just want to keep out of digital payments. They want the information about their purchases, trips and other things they pay for to be private. And that’s their right.

Anyway, whatever the reason is, it seems quite unfair and even discriminative that someone is not able to buy the bare essentials just because they have only cash in their wallet. Why this kind of money should be no longer valid?

What’s Next?

Several cities have already opposed to the retailers’ initiative to reject cash. It all started with Philadelphia this February. The city became the first in the country to block cashless businesses, restaurants, and retail shops functioning if they do not take cash. New Jersey imposed a boycott and adopted the bill less than a month later.
On May 7, San Francisco joined the ban of cashless retailers. The Board of Supervisors had a vote as a result of which the legislation was unanimously passed. It obliges brick-and-mortar businesses to accept cash from customers.

At the moment, a similar draft law has been introduced in New York City. It is quite possible that a wave of indignation will soon cover the whole country.

Read Also Related News

looking for a Credit CARD:
The Bank of Missouri: First Access Visa® Solid Black Credit Card
Apply Online
Perfect credit not required for approval; we may approve you when others won’t
The Bank of Missouri: Milestone® Mastercard® with Choice of Card Image at No Extra Charge
Apply Online
Prequalify for a card today and it will not impact your credit score
Celtic Bank: Surge Mastercard®
Apply Online
See if you’re Pre-Qualified without impacting your credit score
Want to Read News From Other Categories?
Your Money
Card Issuers
  • 20 May

    Bankrate has recently conducted a survey of U.S. consumers’ payment habits amid the coronavirus. According to it, the number of Americans paying for grocery purchases with credit cards increased significantly in April and reached 46%. For comparison, this amount in...

Customer Questions

  • About Us
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • 0 Selected Cards Compare