Things that are more expensive in the US for no reason:

  Healthcare

  Internet access

  College

At least we have cheap gas? farts

EU only capped fees for 4 party systems, and only for consumer credit cards. business credit cards and 3 party systems (American Express for example) are not part of the cap and you can get more rewards with these card types.

To be more specific, this is a US credit card topic.

Debit card fees are capped in the US, yet I’ve never received a discount from a merchant for paying with debit instead of credit.

As such, I just pay with credit and have never understood this argument.

It's partly true: this only applies to consumer cards. That's why many EU banks still offer corporate credit cards with huge cashback etc. For example, revolut offers no cashback in France on their metal cards if you have a consumer account, but up to 1% cashback on the same card if you have a "freelance" account. https://www.revolut.com/fr-FR/metal/

Second thing: interchange fees are not the only fees that your typical store has to pay, the total fees are much higher. I think the EU essentially capped Visa/Mastercard profit in the EU, more than they capped small business fees for card payment.

In Germany I saw they charged extra for using my credit card. A U.S. retailer told me the credit card companies won't allow that in the U.S.?

How does it work if I have a US credit card and use it abroad? Do I still get the kickback even though the merchant fee is capped?

This feels like a potential arbitrage opportunity... I live in Sweden, but if I can use a US credit card I can get high rewards?

How generous are credit card rewards in the EU?

Still affects us as sticker prices are not set independently. Even if you exclusively buy locally, $ = € is extremely common for MSRP.

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