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No. I am not content at being charge 3%. I know the merchants are charged at least 2.9% for every transaction. Our yearly credit card charges are between 70k and 100k as we do almost every expenditure on credit. It will have to come down if we cannot find one bank which does not double dip.
My hope is the market forces will provide the correction. Customers will flock to Capital One which forces other banks to stop charging such fees faced with decreasing customer base and diminishing revenue. But that is only a hope.
posted by 12.31.1...
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