Visa takes a cut from transaction, only a portion of that goes to the bank. I get 2.5% cash back on my transactions, but Visa only charges a 2.24% transaction fee. There must be more to cash back than the transaction fee.
Visa takes a cut from transaction, only a portion of that goes to the bank. I get 2.5% cash back on my transactions, but Visa only charges a 2.24% transaction fee. There must be more to cash back than the transaction fee.