{"id":117335,"date":"2024-08-09T21:00:14","date_gmt":"2024-08-09T21:00:14","guid":{"rendered":"https:\/\/entertainment.runfyers.com\/index.php\/2024\/08\/09\/credit-card-economics-a-look-at-the-fees-that-you-rarely-see-the-points-guy\/"},"modified":"2024-08-09T21:00:14","modified_gmt":"2024-08-09T21:00:14","slug":"credit-card-economics-a-look-at-the-fees-that-you-rarely-see-the-points-guy","status":"publish","type":"post","link":"https:\/\/entertainment.runfyers.com\/index.php\/2024\/08\/09\/credit-card-economics-a-look-at-the-fees-that-you-rarely-see-the-points-guy\/","title":{"rendered":"Credit card economics: A look at the fees that you rarely see – The Points Guy"},"content":{"rendered":"


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Points and miles enthusiasts use rewards credit cards for almost every purchase. When it comes to fees, many look for cards that eliminate foreign transaction fees<\/a>, crunch the numbers to ensure the hefty annual fee is worth it and read the fine print to avoid ridiculous resort fees<\/a> on hotel stays. However, one type of fee is unavoidable and often overlooked \u2014 merchant or “swipe” fees.<\/p>\n

Stores that accept credit cards probably think about merchant fees a lot. And they’ve been in the spotlight lately, with something known as the Credit Card Competition Act<\/a> threatening the world of credit card rewards we enjoy today.<\/p>\n

Here’s why you, the everyday credit card user, should know and care about merchant fees.<\/p>\n

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Overview of merchant fees<\/h2>\n

According to the National Retail Federation<\/a>, merchant or swipe fees average around 2% of the transaction cost; however, that amount can jump as high as 4% for premium rewards credit cards<\/a>. Those percentages may seem small, but they add up.<\/p>\n

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