FlyerTalk Forums - View Single Post - Miles & More Credit Card options
View Single Post
Old Jun 27, 2017 | 3:43 am
  #8  
oliver2002
Moderator: Lufthansa Miles & More, India based airlines, India, External Miles & Points Resources
30 Countries Visited
2M
All eyes on you!
20 Years on Site
 
Join Date: Dec 2002
Location: MUC
Programs: LH SEN
Posts: 52,543
US credit card issuers also make more money: they keep 1.5-2% of the transaction and seduce you into 19-28%APR if you delay payments. The German/EU CC market is different: Mastercard only keeps 0.3% as interchange fee and the CC bill is decducted from your checkin account within 4 weeks.

So the benefits handed out are proportional to the income of the card issuing company.
Attached Images
File Type: pdf
merchant-interchange-rates.pdf (449.3 KB, 44 views)
File Type: pdf
Germany.pdf (240.4 KB, 161 views)
oliver2002 is offline