@[email protected] to [email protected] • 3 months agoAs ‘Buy Canadian’ grows, more US companies say retailers turning away their productswww.reuters.commessage-square33fedilinkarrow-up1263cross-posted to: [email protected][email protected]
arrow-up1263external-linkAs ‘Buy Canadian’ grows, more US companies say retailers turning away their productswww.reuters.com@[email protected] to [email protected] • 3 months agomessage-square33fedilinkcross-posted to: [email protected][email protected]
minus-square@[email protected]linkfedilinkEnglish10•3 months agoNo, cashback is literally a “use this credit card and we’ll give you 1% of your money back as a reward” then they charge the vendor 3% to process the transaction.
minus-square@[email protected]linkfedilink1•3 months agobut you can easily get more than 1%. You can easily get 4% for stuff like gas and groceries. It adds up to quite a bit over the course of a year
minus-square@[email protected]linkfedilinkEnglish1•3 months agoYes and no, those rewards increase the prices charged by the retailer. Then the credit card company’s ban charging extra to cover that. It’s inherently a monopolistic exploit.
No, cashback is literally a “use this credit card and we’ll give you 1% of your money back as a reward” then they charge the vendor 3% to process the transaction.
Oh, ok… gosh… Thanks for explaining.
but you can easily get more than 1%. You can easily get 4% for stuff like gas and groceries. It adds up to quite a bit over the course of a year
Yes and no, those rewards increase the prices charged by the retailer.
Then the credit card company’s ban charging extra to cover that.
It’s inherently a monopolistic exploit.