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A comment on Anatomy of a credit card rewards program. Parent comment

Re:Anatomy of a credit card rewards program by adrr on Thursday April 04, 2024 @11:29AM (#39931679)
I see interchange is capped at 0.20%. How do credit card companies not lose money by giving a 60 day interest free loan to customers? That is what interchange fee covers. BNPL providers charge 4% for 90 days interest free loans to the merchant.
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Re:Anatomy of a credit card rewards program by supertrope on Thursday April 04, 2024 @12:38PM (#39932728)
In jurisdictions that cap interchange banks cut the fat. No rewards programs, and ending perks like price protection and extended warranties. On the revenue side they are more likely to charge an annual fee. Some customers carry balances at 29.99%.
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Re:Anatomy of a credit card rewards program by milesskorpen on Thursday April 04, 2024 @11:35AM (#39931755)
Interchange is not capped at 0.2%
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Re:Anatomy of a credit card rewards program by Too on Saturday April 06, 2024 @02:48AM (#39950525)
For consumer cards in EU it is. 0.2% for debit, 0.3% for credit.
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Re:Anatomy of a credit card rewards program by milesskorpen on Monday April 15, 2024 @06:23PM (#40046385)
Sure, but this article as about the US
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