4 ms·
Yep, but also, those vanilla no-rewards Visa cards only have interchange rates as low as like 1.5% whereas those high-end cards like an Amex Platinum can cost a
by arcticbull 4y ago
Yep, but also, those vanilla no-rewards Visa cards only have interchange rates as low as like 1.5% whereas those high-end cards like an Amex Platinum can cost as much as 3.5%. [1]
[1] https://www.bankrate.com/finance/credit-cards/why-american-express-isnt-universally-accepted/ https://www.bankrate.com/finance/credit-cards/why-american-e...
- ShroudedNight 4y agoYet the price the purchaser pays doesn't change, so the less fortunate end up subsidizing the rich. Credit card rewards are egregiously regressive.