RandAlThor@lemmy.ca to Canada@lemmy.ca · 3 days agoAs ‘Buy Canadian’ grows, more US companies say retailers turning away their productswww.reuters.comexternal-linkmessage-square34fedilinkarrow-up1262arrow-down10cross-posted to: news@lemmy.world
arrow-up1262arrow-down1external-linkAs ‘Buy Canadian’ grows, more US companies say retailers turning away their productswww.reuters.comRandAlThor@lemmy.ca to Canada@lemmy.ca · 3 days agomessage-square34fedilinkcross-posted to: news@lemmy.world
minus-squareBlameThePeacock@lemmy.calinkfedilinkEnglisharrow-up10·3 days 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-squareHastur@lemmy.calinkfedilinkarrow-up1·20 hours 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-squareBlameThePeacock@lemmy.calinkfedilinkEnglisharrow-up1·18 hours 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.
minus-squareChee_Koala@lemmy.worldlinkfedilinkarrow-up2·3 days agoOh, ok… gosh… Thanks for explaining.
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.
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.
Oh, ok… gosh… Thanks for explaining.