Comment Re:Do Canadian credit cards for sub $10? (Score 3, Interesting) 248
My credit card works fine on transactions below $10.
Where exactly is the need for this?
Credit cards companies take a cut out of what merchants later get, and it's normally a percentage, but it is not unusual for there to also be a minimum transaction fee. So, small credit card transactions aren't good for retailers, since the lose an unusually high amount of money to the credit card company.