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-   -   Why Certain Spending no Rewards or Miles? (https://forums.hardwarezone.com.sg/credit-cards-line-credit-facilities-243/why-certain-spending-no-rewards-miles-6103061.html)

undiscern 28-08-2019 07:04 AM

Why Certain Spending no Rewards or Miles?
 
As per above? Say spending on government fees, insurance payment etc?

Is it because they charge these entity FOC for the use of their credit card platform?

alan98 28-08-2019 11:51 AM

Quote:

Originally Posted by undiscern (Post 122470651)
As per above? Say spending on government fees, insurance payment etc?

Is it because they charge these entity FOC for the use of their credit card platform?

Is more like if the bank give benefit for these spending, the bank will go bankrupt.

cassowary18 28-08-2019 05:18 PM

Banks earn through interchange fees. Gahmen can negotiate a lower interchange fee, so banks will lose money if they give rewards on top.

undiscern 28-08-2019 08:14 PM

Quote:

Originally Posted by cassowary18 (Post 122479469)
Banks earn through interchange fees. Gahmen can negotiate a lower interchange fee, so banks will lose money if they give rewards on top.

but is this confirmed true?

Garlic & Butter 28-08-2019 09:17 PM

another theory is, these are typically non discretionary payments
so you have no choice but to pay


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