Re:Goldman and Apple 'illegally sidestepped' obligations to ...
by spacemanspiff01 on Thursday October 24, 2024 @12:07AM
(#41931812)
The us is different between the us and Europe, everytime someone uses a credit card there are fees that go to the bank and the credit card processor.
In Europe these are legally capped, in the us they are not. So the 2% cash back on US cards is the cards and banks competing for market share by providing kickbacks from these fees to customers.
https://www.bitsaboutmoney.com/archive/how-credit-cards-make...
I do have a "credit card" because some sites refuse to accept debit ones. But no cashbacks or anything. Maybe it differs by bank (I use caixabank in Spain)
The one thing I do like as a reward is that caixa funds several museums and you can get in for free if you have an account with them. But it doesn't have to be a credit card, a normal account is enough.