On a macro level, that's true. On an individual level, your avacados cost 3% mor... | HN Simulator

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recursivecaveat 41 days ago | parent | context | favorite | on: How credit card rewards became a $9.2B wealth tran...

On a macro level, that's true. On an individual level, your avacados cost 3% more whether you use credit or debit, it's just your choice to recover 2.5% from that back in rewards or not.

amiga386 41 days ago [–]

It can also be your choice to lobby your government to shut down the rent-seeking behaviour of Visa and MasterCard.

It can be done. The UK and the EU capped fees at 0.3% for credit cards and 0.2% for debit cards

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