4 ms·

By not demanding better legislation, you're still being ripped off. What you describe as a "very nice low rate" is higher than the legislated EU wide limit. ht

• hartator 3y ago
  In EU, credit card processing is way more than 0.3%.
• dkjaudyeqooe 3y ago
  Funny thing is I'm still getting between 3% and 5% cashback on my US cards that I use in the EU. Those interchange fee limits are probably EU issued cards only.
  • madsbuch 3y ago
    That is probably your card issuer loosing money because US cards used in Europe is a small enough segment to not demand any policy changes. In particular the articles talks about exemptions: > provides for a limited number of exemptions, such as business cards used only for business expenses being charged directly to the account of the company;
• dahfizz 3y ago
  But I get minimum 2% cash back when I use my card. Prices are 0.4% higher because of the fee, but I still come out way ahead. You can easily get 5% back on gas, groceries, Amazon purchases, etc. American credit cards are awesome if you know how to use them.
  • _aavaa_ 3y ago
    > I get minimum 2% cash back when I use my card. Prices are 0.4% higher because of the fee, but I still come out way ahead. You, and people who use such cards, do. But everyone else is having to pay for your cash back.