The fees just straight up don’t exist for customers now. They havent for decades.
Its even illegal to charge one at all if your bank has a few billion in assets.
So at worse a company might pass their processing fees onto their customers.
But banks can’t charge you one and most companies don’t either. It’s just a cost of doing business.
So only the poorest shittiest banks, and the shittiest companies charge one. That or small businesses that can’t afford to eat the 2.5 to 3% that’s common.
But functionally debt cards are just a free service as far as the consumer is concerned.
The fees just straight up don’t exist for customers now. They havent for decades.
Its even illegal to charge one at all if your bank has a few billion in assets.
So at worse a company might pass their processing fees onto their customers.
But banks can’t charge you one and most companies don’t either. It’s just a cost of doing business.
So only the poorest shittiest banks, and the shittiest companies charge one. That or small businesses that can’t afford to eat the 2.5 to 3% that’s common.
But functionally debt cards are just a free service as far as the consumer is concerned.