Legislation known as the Credit Card Competition Act, first introduced in Congress in 2022, is described by its sponsors as encouraging “competition in electronic credit transactions.” But if lawmakers end up passing the measure, opponents say it could also torpedo the rich rewards and perks that cardholders have enjoyed for...
You just have to look at the EU. CC rewards aren’t really much of a thing here. Because as I understand it, those companies are capped on how much they can charge vendors. In return, customers get cheaper products upfront rather than in some roundabout dodgy way.
Are we talking about both big and small vendors here? I find it difficult to treat them the same. If we are only talking about the big ones then I wanna say that I agree but to a limited degree. Because their overall profits are still looked at, even if not much is done about it.
And especially now that we have a food crisis, an extra 1% or 2% (relative to revenue) could make them look really bad when their profits are already very high. Granted, my mind wandered off here and went into supermarkets. Personally don’t care too much about clothing, etc. prices as that industry is another whole can of worms.
On top of how many? Still though, that’s insane. But with such an aged population it’s no wonder. Japan is in a vicious cycle and many other countries are getting there.
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Legislation known as the Credit Card Competition Act, first introduced in Congress in 2022, is described by its sponsors as encouraging “competition in electronic credit transactions.” But if lawmakers end up passing the measure, opponents say it could also torpedo the rich rewards and perks that cardholders have enjoyed for...
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