With Tesla, you can turn a $2,442 windshield installation into a $3,174 windshield installation through the power of interest.

This is being reported by the Teslasphere as an “excellent option” to restore affordability to a car market that desperately needs more affordability.

Only, neither of those numbers is even in the same ballpark as affordable.

  • ramble81@lemmy.zip
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    2 days ago

    I have one of their cards but I pay my balance off every month. They have got to hate me.

    • baggachipz@sh.itjust.works
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      2 days ago

      Even when you pay off your balance every time, they still make money charging merchants for every transaction. But yeah, they make shit tons more from people carrying balances.

      • danA
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        2 days ago

        This is one of the reasons merchant fees are so high in the USA.

        In Australia, merchant fees for a medium-sized business are an average of 0.75 to 1.5% for credit cards and 0.25% to 1% for debit cards, according to the Reserve Bank of Australia (https://www.accc.gov.au/consumers/pricing/card-surcharges).

        In the USA they’re often over double that. Some payment processors charge 3% or more for credit card processing.

        • baggachipz@sh.itjust.works
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          2 days ago

          Yeah, it’s an absurd amount. A lot of restaurants add on an extra fee if you pay by card. When will the madness end?

          • danA
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            2 days ago

            A lot of restaurants add on an extra fee if you pay by card

            In the US, this is pretty recent… It’s only been allowed since last year. Previously, MasterCard and Visa’s merchant agreements both said that merchants must not charge a fee for paying by card, and the store could have their MC/Visa agreement terminated if they were caught charging fees. Some stores got around this by offering a cash discount rather than charging a fee for cards. There was a big lawsuit and the rules got changed as a result.

            In Australia, there’s a lot of rules around card fees/surcharges. I linked to an article in my previous comment. The business can’t charge more than it costs them to process card payments, and they’re only allowed to list it as a separate fee if they have a fee-free way of paying (like with cash). If they only take card, they need to include the card fee in the advertised prices.

      • ramble81@lemmy.zip
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        2 days ago

        I mean that’s credit cards in general. The alternative would be to switch to a debit card, but as a consumer there’s quite a few protections I’d lose out on like charge backs and fraud protection.

        • baggachipz@sh.itjust.works
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          2 days ago

          Oh don’t get me wrong, I use credit cards for everything and pay it off in full every month. I get extra benefits over using cash or debit. Gotta play the game