4 ms·
Good point. To be more explicit, I'd like to see credit cards with good fraud protection for card-holders, no rewards/points systems, far lower & competitive
by dmckeon 8y ago
Good point. To be more explicit, I'd like to see credit cards
with good fraud protection for card-holders, no rewards/points systems,
far lower & competitive merchant fees, and minimal fees to card-holders,
other than interest on balances, of course.
It sounds like card issuers in the EU and AU are doing this, or most of it,
but that those in the US are not, presumably because they are making a
nice profit doing it at 2%-3% now, and have a good moat around their
businesses.
By "good fraud protection" I mean the kind that US banks do
for credit-card holders now, and not the kind they do for
debit-card holders.