Latest / Restaurant Business with Fexingo: Food Service, Hospitality, and Independent Operators
The Hidden Cost of Restaurant Credit Card Rewards
In this episode of Restaurant Business with Fexingo, Lucas and Luna examine how credit card reward programs are quietly eating into restaurant margins. With interchange fees averaging 2.2 percent per transaction and premium rewards cards costing operators up to 3.5 percent, the hosts break down why a $50 steak dinner can cost the restaurant nearly $2 more when paid with a premium card. They explore real-world data from the National Restaurant Association showing that credit card fees now represent the third-highest operating expense for most full-service restaurants, behind only labor and…
The skinny
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