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jasonwatkinspdx
on Aug 17, 2022
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Can the Visa-Mastercard duopoly be broken?
It's worth noting there's some real economic disparity in just who can get rewards cards with significant incentives in the US.
arcticbull
on Aug 17, 2022
[–]
Yep, but also, those vanilla no-rewards Visa cards only have interchange rates as low as like 1.5% whereas those high-end cards like an Amex Platinum can cost as much as 3.5%. [1]
[1]
https://www.bankrate.com/finance/credit-cards/why-american-e...
ShroudedNight
on Aug 18, 2022
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Yet the price the purchaser pays doesn't change, so the less fortunate end up subsidizing the rich. Credit card rewards are egregiously regressive.
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