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> - Cashback is generally lower here because interchange fees are regulated/capped to 0.3% for personal credit cards and 0.2% for personal debit cards. Offers o
by ebg13 8y ago
> - Cashback is generally lower here because interchange fees are regulated/capped to 0.3% for personal credit cards and 0.2% for personal debit cards. Offers of 2% cashback simply won't work outside the US so I'll be curious to see how (if?) they try and expand this globally.
How does that work for US-based cards used outside of the US? I definitely don't lose my rebate while in other countries.
- foepys 8y agoThe bank/CC provider most likely just eats it and blocks your card when you are overdoing it. The losses are very likely negligible for the average consumer that is outside of the US maybe once in their life.