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Valued Member
refskuska
Posts: 33
Registered: ‎05-10-2009
0

Re: Thoughts on 2% rewards programs...?

Apparently Citi Driver's Edge has been discontinued... I was gonna apply for it in August ... oh well :smileysad:

 

Senior Contributor
txjohn
Posts: 4,214
Registered: ‎09-12-2008
0

Re: Thoughts on 2% rewards programs...?

My merchant services account is with BoA.  When we process a credit card, the rate (discount) we pay varies by not only card type (Visa, MC, Amex, Discover) but also by sub-type (debit, credit, reward, etc).  A Visa/MC reward type card we may pay as high as 3% discount.

 

So, these 2% reward cards seem to be getting a big chunk of the discount I pay.  Not sure if everyone pays the same, but when I look at our discount schedule for merchant services, the list and rates is pretty big and extensive and categorizes card type fairly specifically with rates varying among those types.

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