Re:Mastercard sued for $19B in Britain's biggest damages claim
by acveilleux on Friday September 09, 2016 @01:30PM
(#12464331)
Debit cards, which are huge outside the US, never have reward programs (that I've seen anyway.) Visa does not charge different fees for different product types for them.
[ Parent
| on HN ]
Re:Mastercard sued for $19B in Britain's biggest damages claim
by nommm-nommm on Friday September 09, 2016 @02:19PM
(#12464759)
I have a Discover Bank Cashback Checking Account. I get 10 cents per debt card transaction. https://www.discover.com/online-banking/checking/
It's not unique, there's a few Cashback checking accounts out there.
Other banks require a certain amount of debt card transactions a month to remain fee free.
Re:Mastercard sued for $19B in Britain's biggest damages claim
by acveilleux on Tuesday September 13, 2016 @11:09AM
(#12488930)
That's cool but that's a fixed 10 cents, so basically Discover is forwarding to you some of the money they receive for handling the debit in the first place.
I have yet to see a debit card do a 1% cash back, which is really common in credit. Here in Canada, the debit charge (handled via the interbank Interac "sort of coop") are really low, 6 cents per transactions is about par. There's nowhere to tack on even a 10 cents cash back.