$Amazon (AMZN.US)$ "Amazon Prime Rewards Visa Signature Card...
$Amazon(AMZN.US$ "Amazon Prime Rewards Visa Signature Card"
This saves me THOUSANDS every year. 5% back on Amazon and an EXTRA 10% on sale items at Whole Foods. And there are a lot of sales items at any one time.
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Aaron_Kelly : I only get back 3% with my Amazon Visa Card (Germany). I feel cheated...
Harper lee Aaron_Kelly: Are you a Prime member?
I get -
Amazon 5%
Food, Gas, Pharmacy 2%
Everything else 1%
Johnny Thunders Harper lee: a portion of that huge reward is coming from Chase, that’s another reason for Amazon to not fight against big American banks
Wilson_wu : Such a big discount?
Apollod Wed Johnny Thunders: No not a reason at all. I also lower my credit card fees to the extent possible. I (and Amazon) have plenty of transaction processing choices
ajkZbCYC8Q Johnny Thunders: Even though the fee is coming from the issuing bank, it comes from the interchange fees the banks take Amazon. If the fees are nothing or close to it, then those fees can go towards enabling lower prices for consumers.
tk0TEeeFdX ajkZbCYC8Q: Of course it could be that way as it is in Australia but then you have no business for the Banks. Visa fee will be always there :) google what has happened in Australia and you’ll see that consumer prices didn’t go down … where the money is? Merchants margins. There is no free lunch in this business
TpdPfbWje4 Aaron_Kelly: you shouldn’t because they don’t have to give anything