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by maxerickson 5062 days ago
The 1% payout you describe seems to be about the max that customers end up with. Maybe some store specific cards are slightly higher, and maybe the right airline miles.
1 comments

There are several cards that give 2% flat on all purchases. You can also do much better if you use specific categories across multiple cards, for example there are cards that give 5% for restaurants.
Most of those very high reward rate cards come along with significantly higher interchange fees (4-5% or even higher). Merchants abhor them.
I'm dubious. I just glanced at my interchange plus billed Merchant Account Statement, and the highest I saw was 2.95% + 20 cents for a couple international business rewards cards. I suppose you could count this as 5% for an under $10 purchase, but do you have a specific example of a card that exceeds 4% on larger transactions?