Re:Chase to become new issuer of Apple Card
by veidr on Thursday January 08, 2026 @09:11AM
(#46541142)
Well if you can get $100 worth of X on credit card for $98, but you can buy the same thing with cash for $97, aren't you actually paying 150% of the "cash back" with your own money? ¯\\_(ಠ_ಠ)_/¯
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Re:Chase to become new issuer of Apple Card
by 46493168 on Thursday January 08, 2026 @10:41AM
(#46542317)
> but you can buy the same thing with cash for $97
Merchants rarely offer cash discounts in the US.
Except nearly every restaurant I frequent. Example menu below with cash and credit prices, credit prices being 4% more. I see this commonly.
Even as somebody really disliking the current interchange fees in the US, 4% is a money grab on the merchant's side that I find hard to empathize with.
Even if the merchant pays the sticker price for card acceptance, it's usually just below 3%, unless international cards are involved. Add to that the fact that cash transactions in restaurants are often accounted for in "more tax efficient ways", and it feels even more icky.