HWZ Forums

Login Register FAQ Mark Forums Read

Why Certain Spending no Rewards or Miles?

Reply
 
LinkBack Thread Tools
Old 28-08-2019, 07:04 AM   #1
Senior Member
 
undiscern's Avatar
 
Join Date: Sep 2005
Posts: 2,404
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?
undiscern is offline   Reply With Quote
Old 28-08-2019, 11:51 AM   #2
Member
 
Join Date: Mar 2001
Posts: 145
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.
alan98 is offline   Reply With Quote
Old 28-08-2019, 05:18 PM   #3
Member
 
Join Date: Jul 2018
Posts: 152
Banks earn through interchange fees. Gahmen can negotiate a lower interchange fee, so banks will lose money if they give rewards on top.
cassowary18 is offline   Reply With Quote
Old 28-08-2019, 08:14 PM   #4
Senior Member
 
undiscern's Avatar
 
Join Date: Sep 2005
Posts: 2,404
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?
undiscern is offline   Reply With Quote
Old 28-08-2019, 09:17 PM   #5
Supremacy Member
 
Join Date: Dec 2010
Posts: 6,476
another theory is, these are typically non discretionary payments
so you have no choice but to pay
Garlic & Butter is offline   Reply With Quote
Reply
Important Forum Advisory Note
This forum is moderated by volunteer moderators who will react only to members' feedback on posts. Moderators are not employees or representatives of HWZ. Forum members and moderators are responsible for their own posts.

Please refer to our Terms of Service for more information.


Thread Tools

Posting Rules

Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are On