Credit card transaction fees are way higher in the US than in the UK. This allows the companies budget for much higher cashback earning, mileage programs, etc.

Credit card transaction fees are way higher in the US than in the UK. This allows the companies budget for much higher cashback earning, mileage programs, etc. Here is a great post that explains the economics of credit card rewards: https://www.reddit.com/r/churning/comments/5oucdq/the_economics_of_churning_who_pays_for_the_rewards/ https://www.reddit.com/r/churning/comments/5oucdq/the_econom...