I’m researching to open my first proper card and still confused about how cash back works.
Say you buy a burger and get 2% cash back. Does it apply a 2% discount to the burger? Or do I earn 2% of the burger’s price?
Where does the money for the cash back come from? Does the cash back affect credit score?
In: Economics
In Germany, that is pretty much non-existent. Then again, in Germany, Stripe charges merchants 1.4% and in the US it’s 2.9%. I’m sure in other EU countries it’s similar.
The cash back is basically baked into the price of what you purchased and it’s the people who pay without a cashback card that get screwed.
Latest Answers