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In Poland fees are capped at 0.3% for credit card, 0.2% for debit per EU. Which is why generally in the EU you don't have the insanity with credit card loyalty
by stefan_ 1mo ago
In Poland fees are capped at 0.3% for credit card, 0.2% for debit per EU. Which is why generally in the EU you don't have the insanity with credit card loyalty programs.
- blfr 1mo agoOnly the interchange is capped. The merchant has to also cover network and processor fees. And then there are some uncapped transaction supposedly so the fee covers this risk. Comes out to 0.6-0.7% for a smaller merchant with the card present.
- kccqzy 1mo agoOne person’s insanity is another person’s interesting puzzle and optimization problem.
- kakacik 29d agoYou optimize within realm of already paying higher fees, some optimization that is. Also, some of us have actual lives to live and not obsess over such details, life is way too short and has much more to offer than bean counting accounting.
- kccqzy 29d agoIt’s not hard to optimize so that you get more than the fees’ worth of benefits. The bank is literally hoping that most of its clientele does not optimize so that it has more fees than benefits doled out. And yes so far I’ve only seen childless people do this optimization. It seems likely that when life gets busier, a person wouldn’t find time to do this optimization.