Re:Can the Visa-Mastercard duopoly be broken?
by jjav on Thursday August 18, 2022 @03:46PM
(#32514043)
> In some places the merchant frequently passes the fees on to the customer
In the US that is exceedingly rare. The only exceptions I've seen are the government and a few discount gas stations.
But, you're right, in the end it's important to always be aware of the payment rules of each place and optimize accordingly.
> I think it's also common for a credit card to have an annual fee that probably doesn't apply to a debit card.
Most normal credit cards (at least in the US) have no annual fee. A good one is the Citi Double Cash card, no annual fee and unlimited 2% back on everything.
The premium cards have fees, those are rarely worth it unless you travel so much that you can take advantage of all the discounts.
In the US that is exceedingly rare. The only exceptions I've seen are the government and a few discount gas stations.
But, you're right, in the end it's important to always be aware of the payment rules of each place and optimize accordingly.
> I think it's also common for a credit card to have an annual fee that probably doesn't apply to a debit card.
Most normal credit cards (at least in the US) have no annual fee. A good one is the Citi Double Cash card, no annual fee and unlimited 2% back on everything.
The premium cards have fees, those are rarely worth it unless you travel so much that you can take advantage of all the discounts.