10 ms·

That comes out of the merchant's pocket, who has priced it into the sale price you are paying. It is not, thus, free money, at all.

• recursivecaveat 23d ago
  On a macro level, that's true. On an individual level, your avacados cost 3% more whether you use credit or debit, it's just your choice to recover 2.5% from that back in rewards or not.
  • ThePowerOfFuet 10d ago
    >On an individual level, your avacados cost 3% more whether you use credit or debit, it's just your choice to recover 2.5% from that back in rewards or not. I instead chose to live somewhere it's capped at 0.3% and then I don't have to fuck around to get my money back after the fact. As an added bonus, I don't even know what a medical bill looks like.
  • amiga386 23d ago
    It can also be your choice to lobby your government to shut down the rent-seeking behaviour of Visa and MasterCard. It can be done. The UK and the EU capped fees at 0.3% for credit cards and 0.2% for debit cards