Credit card companies charge merchant fees of 1.5-3%. They transfer much of that directly to card holders as 1-4% cash back. Merchants generally charge the same prices for credit card vs cash. The result seems to be a small but universal penalty on people who pay with cash. 😢


6 thoughts on “

  1. ~2% seems reasonable to maintain privacy no? would be happy to forgo cashback if CC company and merchant never store, share, or use data expect for clearing payment

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