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Comment by nonethewiser

16 hours ago

In the US. Not in Europe because interchange fees for consumer cards are capped at 0.3%

I've seen cards with 1% chargeback in the EU though. How does that work?

And it wasn't just a temporary marketing promotion. I've used such a card for many years.

(It was issues by a big bank that had almost no presence in my country... so maybe they were eating the cost just to build up a bigger presence and potentially enter the country?)