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Let’s just take 95% as a true figure … first of all the 5% you don’t get back is a straight up loss. The rewards you get at the end of the month are fine (eg ca
by hackstack 3y ago
Let’s just take 95% as a true figure … first of all the 5% you don’t get back is a straight up loss. The rewards you get at the end of the month are fine (eg cash back) but you’ve missed out on earning interest on the money you “get back”
- xadhominemx 3y agoCard network fees (the part credit card users don't get back) are about the same for the European payment systems. For card users on net there is essentially no difference. The interest argument of course is nonsense because the opportunity cost ia outweighed ~50x by the interest benefit you receive from the entire purchase going on credit vs just the 2% interchange.
- hackstack 3y ago“Of course”. Thanks for responding — can you clarify this interest benefit you are talking about?