Credit-Card Backlash Mounts as Kroger Weighs Expanding Visa Ban

Re:Credit-Card Backlash Mounts as Kroger Weighs Expanding Vi... by viraptor on Tuesday July 31, 2018 @11:27PM (#17659422)

Do you really? Maybe it's country-specific, but in Australia there are no programs which give you that many benefits. Likely the best are the airline points, and even then they don't cover close to the payment processing fee total.

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Re:Credit-Card Backlash Mounts as Kroger Weighs Expanding Vi... by SyneRyder on Wednesday August 01, 2018 @01:37AM (#17659972)

There's been a recent change in Australia, the Reserve Bank put a cap on the maximum interchange fee credit card companies can charge in Australia (capped at 0.8%). As a result, many of the cards that earned the best rewards have been scrapped. I had an AmEx card that was good for earning airline points, the bank cancelled the card after the Reserve Bank ruling.

https://www.smh.com.au/business/banking-and-finance/rba-chan...

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Re:Credit-Card Backlash Mounts as Kroger Weighs Expanding Vi... by aptwebapps on Tuesday July 31, 2018 @11:37PM (#17659455)

Besides the various more complicated rewards systems, you can get 2% cash back on a few cards, although 1 or 1.5% is more common. 2% is most of the transaction fee, in some cases more.

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Re:Credit-Card Backlash Mounts as Kroger Weighs Expanding Vi... by megy on Wednesday August 01, 2018 @12:23AM (#17659643)

ING in Australia used to give you 5% back on their credit card, they stopped it earlier this year.

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