I don’t like this because it doesn’t incentivise low cost cards. If you don’t then regulate the fees cards can charge, and how payment providers are allowed to pass on those costs to the retailer, it’ll become a race to the bottom on rewards cards, and how much they then turn around to charge the retailer.
We’ll all bear the cost then.
And frankly, I don’t want to pay for others frequent flyer miles.
I’d go one step further and just outright ban rewards cards. That shit is just perverse incentives all the way down.
I don’t like this because it doesn’t incentivise low cost cards. If you don’t then regulate the fees cards can charge, and how payment providers are allowed to pass on those costs to the retailer, it’ll become a race to the bottom on rewards cards, and how much they then turn around to charge the retailer.
We’ll all bear the cost then.
And frankly, I don’t want to pay for others frequent flyer miles.
I’d go one step further and just outright ban rewards cards. That shit is just perverse incentives all the way down.