Pikt credit card rewards
Before you pay, Pikt.
Pikt estimates which card in your wallet is likely to earn the most. Issuers decide. You choose the card and pay as usual.
Pikt credit card rewards
Before you pay, Pikt.
Pikt estimates which card in your wallet is likely to earn the most. Issuers decide. You choose the card and pay as usual.
Glossary · Payments
By the Pikt editorial teamLast updated
Interchange is the fee a merchant's bank pays the card-issuing bank on each transaction; it is the primary funding source for most credit-card rewards.
Rewards are largely financed by interchange. The richer a card's earn rate, the more it typically depends on the interchange its purchases generate.
Understanding interchange explains why some merchants surcharge credit cards, why debit rewards are thin, and why certain categories carry different effective earn rates.