I should have known: Call people suckers and they'll take offense.

A number of folks were either confused or offended when I said recently that we are all suckers — that is, losers — when we use credit to pay for services and goods.

I offered that view while reporting on a proposal from the Federal Reserve and two other banking regulators to curtail or ban certain credit card industry practices.

"I'm very perplexed," wrote Tim McCune of Germantown, Md. "If we pay off all monthly credit card balances, used primarily on utilities, other monthly expenditures and Internet purchases ... and we get affinity benefits, how am I losing money and why are we 'suckers'? Haven't you cast your victim net too widely?"

Others were equally convinced that their credit card use is completely controlled.

"I do not understand your argument that anyone who uses credit cards is a chump, even if they pay their balances off in full every month," another reader wrote. "I assure you that I make the same purchases and contributions with credit cards that I would make without them."

I'm reasonably sure that many people do not make the same purchases when they pay with plastic. This isn't just a feeling or anecdotal evidence. Research has found that people's willingness to purchase more products or services increases with the use of plastic.

In their groundbreaking research, Drazen Prelec and Duncan Simester of the Sloan School of Management at MIT found that study subjects paid more when instructed to use a credit card rather than cash. In fact, they found people were willing to pay up to 100 percent more with plastic.

So have I thrown a net too widely in arguing that we are all suckers, even those of us who faithfully pay off our bills every month?

Nope. Net tossed just right.

You have to admire the marketing might of credit card issuers. They have done an outstanding job in persuading otherwise smart people that using plastic can come with no price.

Oh, there is a cost. You may be able to bear it, but there is an extra cost.

For example, let's say you decide to go out to eat with friends. You vow beforehand that you are only going to spend $20 and that's all you take in cash to the restaurant. You leave home without the credit card. The cash limits your spending capacity.

However, if you take and use a credit card, even with your resolve to stay within the $20 limit, the plastic makes it easier to break that promise.

Greg Davies at Britain's Warwick University found in one study that customers using credit cards spend more than those paying with cash or checks in purchasing situations that are otherwise identical.

"This customer behavior is at odds with standard economic theory, which argues that the method of payment should have no effect on spending," Davies says in a research article, "The Realities of Spending."

Davies explains that credit cards boost spending because of how our brains work. He found that credit cards reduce the pain of payment because of the following: