Credit Card Differences

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by Ben Schlappig Guest October 21, 2015, 12:11 pm

Credit Card Differences

Anonymous Guest
October 21, 2015, 12:11 pm

Dear Ben,

I never really understood why credit cards are so much cheaper in America. The same credit card company offers the same type of card for a totally different price in America than it does, say in Europe! The differences can be huge!
For example: American Express offers its Platinum Card in Switzerland for an annual fee of 850 CHF ( around 900$ (!!!) ) while in the US you can get the same card with the same benefits for “just” 450$. Also in America you hardly pay any transaction fees while in Europe you have to pay 1,5 – 2,0 % transaction fee (in the UK almost 3%) when you use your card abroad!
Don’t even get me started on the promotions and sign-up bonuses. Practically non-existent in Europe! That’s a little bit unfair, innit?
Anonymous Guest
October 21, 2015, 12:17 pm

Dear Ben,

I never really understood why credit cards are so much cheaper in America. The same credit card company offers the same type of card for a totally different price in America than it does, say in Europe! The differences can be huge!
For example: American Express offers its Platinum Card in Switzerland for an annual fee of 850 CHF ( around 900$ (!!!) ) while in the US you can get the same card with the same benefits for “just” 450$. Also in America you hardly pay any transaction fees while in Europe you have to pay 1,5 – 2,0 % transaction fee (in the UK almost 3%) when you use your card abroad!
Don’t even get me started on the promotions and sign-up bonuses. Practically non-existent in Europe! That’s a little bit unfair, innit?
No Name Member
October 21, 2015, 2:05 pm

USA a true single market for banking 319 million customers, UK 64 million, Switzerland 8 million.

Bit size difference innit?

Smaller markets in general will not have as good choice of suppliers in any industry.
markreinoso New Member
October 21, 2015, 4:32 pm

Merica! Freedom!
Gaurav Community Ambassador
October 21, 2015, 6:25 pm

[QUOTE=”markreinoso, post: 8670, member: 876″]’Merica! Freedom![/QUOTE]
LOL

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Credit Card Differences