[crazygringo]

It's also not even 2% in reality.

It goes to rewards which go straight back to the consumer.

My main credit card gives me 2% back on all purchases. In cash. Zero annual fee. And it's a card anyone with a normal credit score can get. Nothing special about it.

It really only makes sense to compare interchange fees after subtracting the proportion of them that get paid back to consumers.

[FabHK]

Sure, smart consumers can claw back some of that. But what you have then is merchants raising average prices, and consumers that use such credit cards being subsidized by those that don't.