Could be better from a consumer viewpoint

Posted Jul 29, 2009 1:37 UTC (Wed) by jreiser (subscriber, #11027)
In reply to: Could be better from a consumer viewpoint by drag
Parent article: Linux Foundation launches affinity credit card

Plus I doubt it's above and beyond the normal amount a credit card provider charges for normal credit cards. Wrong. My business has accepted credit cards, and payment via a Rewards card increases the "discount" that is subtracted by the bank before paying the merchant. Every month the merchant sees the amount as a separate line item on the bank statement. When the merchant credit card agreement is renewed (often yearly), then the percentage of charges via Rewards cards is a factor in setting the rates for the next year. I set my prices 4% higher because of the "plastic tax."