Post by messi05 on Jan 23, 2024 20:35:58 GMT -8
All buyers, without distinction, pay for the services of the credit card system, but only a privileged few, the richest, exactly those who need it least, receive the bonus. Estimates indicate that the majority of the population does not have enough monthly income to make good use of a credit card. The poorest part of the population pays with cash, possibly with a simple debit card (if you don't have money in your account, you won't make the payment) without the right to bonuses and even with a check.
The poorest, who buy simple products in cash, especially food Buy Phone Number List and clothing, pay the same price as privileged credit card holders, but do not have access to the miraculous bonus. It is an unfair and cruel situation for a large part of consumers. The government has recently entered into this arm wrestling and is timidly confronting the powerful business. He recognized that credit cards fuel the transfer of income from the poor to the richest and issued a law (MP 764) authorizing merchants to give discounts on sales paid in cash (previously it was prohibited). The initiative, even though it is a historic milestone, is insufficient.
To obtain the discount, the buyer needs negotiation on a case-by-case basis, which is impractical for the most vulnerable, in small amounts and in a standardized market. The credit card usage fee continues to be embedded in prices and weighs heavily on the poorest. Instead of protecting low-income consumers, the government preferred to respond to traders' requests, giving them the power to choose the opportunity to give discounts, further strengthening the power of the supplier of goods and services, contradicting the objectives of the Defense Code. of the Consumer. Due to the seduction (points, miles, term and fee included in the price), the use of credit cards for basic purchases (food and clothing) has become highly exaggerated in Brazil, generating absurd debts, lack of budget control, high default rates and rising prices with the credit card's incremental rate.
The poorest, who buy simple products in cash, especially food Buy Phone Number List and clothing, pay the same price as privileged credit card holders, but do not have access to the miraculous bonus. It is an unfair and cruel situation for a large part of consumers. The government has recently entered into this arm wrestling and is timidly confronting the powerful business. He recognized that credit cards fuel the transfer of income from the poor to the richest and issued a law (MP 764) authorizing merchants to give discounts on sales paid in cash (previously it was prohibited). The initiative, even though it is a historic milestone, is insufficient.
To obtain the discount, the buyer needs negotiation on a case-by-case basis, which is impractical for the most vulnerable, in small amounts and in a standardized market. The credit card usage fee continues to be embedded in prices and weighs heavily on the poorest. Instead of protecting low-income consumers, the government preferred to respond to traders' requests, giving them the power to choose the opportunity to give discounts, further strengthening the power of the supplier of goods and services, contradicting the objectives of the Defense Code. of the Consumer. Due to the seduction (points, miles, term and fee included in the price), the use of credit cards for basic purchases (food and clothing) has become highly exaggerated in Brazil, generating absurd debts, lack of budget control, high default rates and rising prices with the credit card's incremental rate.