As mentioned earlier in this thread, it costs money to have this feature. If my rebates were to decrease because of it, I would prefer to keep a higher rebate rate.
Question: Inevitably it may be possible to carry around only a phone, but how many people are able to conduct all their business in this manner and how many people don't have their credit card with them to make payment?
PS. I use Rogers MC for all my credit card purchases, maximizing my rebates and I keep one other card (a no fee Visa) in case there is ever a problem with the Rogers MC or the MasterCard (or Visa) system as there has been occasionally.
Name me one other free card that offers the rebates that Rogers MC does.
1.75% on all purchases
2% on Rogers purchases
4% on Foreign purchases.
That's with the Rogers World Elite. https://www.rogersbank.com/en/
Those other FIs probably had more "headroom" to "eat" the Apple Pay charges. In addition, if they were large FIs (unlike Roges) they may be able to negotiate lower fees, the same way that large merchants pay lower CC fees.
The examples you provide are pretty limiting. It would be like Rogers only providing say 2% on Rogers purchases, but Rogers provide good rebates on everything. GM also provides a good rebate, but you need to purchase a GM vehicle. Good if that's what you want, but I prefer the cash thank you.
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