Just a few years ago, the idea that a business would not accept cash for a major purchase seemed unthinkable. But my monthly newsletter from Delta Airlines (also announced at their web site), I was advised that for on-board snack boxes or adult beverages, only plastic would be accepted as of December 1, 2009. (Not true of Delta Connection routes, by the way.)
Implications: Just because a lot of people are shunning debt in favor of a pay-as-you-go lifestyle, don’t expect credit cards to become extinct. Because of the convenience, the “nice to have in an emergency” factor, and because of our increasing propensity to buy online, they remain a financial utility we can’t live without. (And Delta knows it.)
Mike Anderson
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