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>Miles were never free. They just used to be paid for equally by everyone--including people not using credit cards! In effect, it was a sales tax imposed by Vis
by pravda 13y ago
>Miles were never free. They just used to be paid for equally by everyone--including people not using credit cards! In effect, it was a sales tax imposed by Visa and Mastercard on everyone.
Well, no. Interchange fees come out of retailer profits. That's why retailers care about them.
- graeme 13y agoRetailers on average increase prices to account for these fees.