The Hidden Cost of Restaurant Credit Card Rewards

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The Hidden Cost of Restaurant Credit Card Rewards

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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 food costs. Lucas shares how some independent operators are fighting back—by negotiating lower processor rates, adjusting menu prices, or even incentivizing cash payments. The conversation also touches on the 2024 Durbin Amendment expansion proposal and what it could mean for small restaurants. If you run a restaurant or just love understanding where your dining dollar goes, this episode will change how you think about the swipe. #RestaurantBusiness #CreditCardFees #InterchangeFees #RestaurantMargins #PaymentProcessing #DurbinAmendment #RewardsCards #MerchantFees #RestaurantEconomics #Hospitality #BusinessFinance #IndependentOperators #CashDiscount #SwipeFees #RestaurantIndustry #FexingoBusiness #BusinessPodcast #RestaurantPodcast Keep every episode free: buymeacoffee.com/fexingo

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