5 ms·
> you don’t see high value reward cards or cashback program in the EU. this seems like a false statement. here is an article from 2021 that highlights some of
by kmlx 4y ago
> you don’t see high value reward cards or cashback program in the EU.
this seems like a false statement.
here is an article from 2021 that highlights some of the numerous cashback offers:
https://medium.com/@danminea/best-cashback-cards-with-rewards-available-in-europe-2021-e30f7fa49b3c https://medium.com/@danminea/best-cashback-cards-with-reward...
and Amex usually has cashback cards as well.
disclaimer: i have used some of these cashback cards both in the EU and outside of it.
- TheCoelacanth 4y agoKey part of the phrase "high value". Some US cards give back ~2% on all purchases. The best of those appears to be 1% on purchases at six specific retailers or 0.1% on purchases in the EU/1% outside of the EU. Many of them don't even give cash back, they give their own cryptocurrency that they made up out of thin air.
- hocuspocus 4y ago> and Amex usually has cashback cards as well. The cap applies on 4-party schemes, not Amex (nor Diners, Discovery).
- triceratops 4y agoThese are not high value rewards cards. You should see what the US has.
- avianlyric 4y agoFrom the very article you link too, about three paragraphs in: > Why then are there so few and apart offers for cashback cards that can be used in Europe? > > One explanation I’ve seen is this: they’re not so common in the EU because our debit/credit card fees are regulated and very low.
- conductr 4y agoThis is the answer. In the US the business essentially funds the rewards these cards provide because they can charge whatever interchange fee that card has decided.