Wednesday, June 11, 2008

Personal finance advice at Arby's

Arby's is one of my favorite fast food restaurants and served as my lunchtime destination yesterday (I had a good coupon). I was the only one there (I took a late lunch at around 2:30pm) and I paid with my credit card with a rewards program. The cashier looked at the card and said, "Be careful, this is dangerous." My confusion was evident and he continued, "I mean credit cards. They're all thieves and liars!"

So I talked with him for a few minutes about the evils of credit cards. He told me he had cut all of his up and always paid in cash. It was triggered by a combination of high interest rates and identity theft. The credit card companies gave him a hard time about which purchases were fraudulent and he finally had had enough.

It's pretty rare that someone randomly starts talking about personal finance issues, so I was surprised and pleased.


Rabia said...
This comment has been removed by the author.
Rabia said...

I guess one of the positive aspects of the subprime mortgage crisis is that people are finally waking up to the danger of taking on debt without thinking about it.

SavingDiva said...

I agree with rabia. It's nice to see that people aren't swipping cc without thinking.