Mogul of Pineapples
- Centurion Member
- Posts: 1271
- Joined: Sun Jun 01, 2008 11:32 pm
- Location: Smogland
You forgot too that credit cards gives rewards. That's 1% to 1.5% of the transaction fee right there. In the fraud thread we were talking about how much the fraud costs and I think that worked out to be about 20 cents per $100. That means off the bat you're looking at anywhere from $1.50 to $1.75 per $100 in rewards and fraud costs. If we took away that it would bring transaction fees down to 1% - not the best, but it isn't too high either.
Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.
Current Cards: American Express:
Blue Cash, Simply Cash Bank of America:
WorldPoints Platinum Plus Chase:
Amazon, British Airways, Cash Plus Rewards, Freedom, Ink Cash Citi:
Thank You Premier, Dividend Platinum Select Discover:
MorePrimary Everyday Card: American Express Blue CashPrimary Travel Card: Chase Sapphire Preferred