Mastercard Should Stop Selling Our Data

Re:Mastercard Should Stop Selling Our Data by kevincox on Monday October 16, 2023 @05:47AM (#37897576)

Ignoring the convenience aspect one problem with this is that you are now paying an ~2% "tax" as most stores include credit card fees in their prices. If you use a credit card you get ~2% back in "rewards" but if you don't you are still paying the same prices (in most businesses).

It's a pretty clever scheme by the card companies where the have raised the price for people not using their services.

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Re:Mastercard Should Stop Selling Our Data by wkat4242 on Monday October 16, 2023 @07:34AM (#37898293)

This whole rewards thing we don't really have in Europe. At all.

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Re:Mastercard Should Stop Selling Our Data by sofixa on Monday October 16, 2023 @08:22AM (#37898829)

Yep, because we're not getting scammed on transactions fees (capped by the ECB to 0.2% for debit and 0.3% for credit card transactions). I have an Amex card that has some cashback, but it's not a lot.

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