Some banks will sometimes pay more in rewards than they collect in interchange and they must make up the difference in fees and cross-subsidies, but I don't think they'll pay out nearly as much as they do now (lots of 2% on everything options, you can get more if you jump through hoops and didn't miss out on grandfathered cards)
With the EU limit of 0.3% on personal credit card interchange, I don't think they get much in the way of rewards cards; although I've heard business credit cards don't have limited interchange, so there's some larger rewards available if you can swing a business card.
josephcsible•2w ago
If you're paying interest on a credit card, you're using it wrong, and the rest of us shouldn't have to give up our rewards to shield you from the consequences of your poor decisions.
BenjiWiebe•2w ago
nutjob2•2w ago