Should be noted that in most of the EU cashback programmes are also not as big as in the US. Never heard of anyone getting "2% back from everything".
That said, a middleman that takes a smaller fee is still much better for the economy than a middleman that takes in an oversized fee and then magnanimously hands back a chunk of it.
Especially when that middleman is a worldwide oligopoly with far too much power. I try to use local e-payment systems whenever possible.
> Should be noted that in most of the EU cashback programmes are also not as big as in the US. Never heard of anyone getting "2% back from everything".
Which, societally, is a good thing. Credit card rewards programmes are a tax on everyone that disproportionately affects the lowest earners who aren't availing of cashback.
> Should be noted that in most of the EU cashback programmes are also not as big as in the US.
If they charge 100% on everyones transactions then my delux diamond card (sorry you dont qualify) can give me 200% cashback and everyone else can go f' themselves.
That said, a middleman that takes a smaller fee is still much better for the economy than a middleman that takes in an oversized fee and then magnanimously hands back a chunk of it.
Especially when that middleman is a worldwide oligopoly with far too much power. I try to use local e-payment systems whenever possible.