Query about exclusion of cashback in fuel and gold

[Farhad sekh]

1.I have seen that almost every credit card charges some fee on fuel purchase. Is there any valid reason for this? Or this is just that bank want profit?
2. Almost all CC excludes gold from cashback. Banks charges MDR fee from merchant then why they don't cashback to customer?

 

[zealot]

I don't know about gold purchase. But for Fuel, the pump owners gross margin was around 3%. So they can't lose their profit by accepting credit cards. So banks charge a fee to customer directly for compensate the transactions fees.

 

[Farhad sekh]

I don't know about gold purchase. But for Fuel, the pump owners gross margin was around 3%. So they can't lose their profit by accepting credit cards. So banks charge a fee to customer directly for compensate the transactions fees.

Thanks for your information

 

[bugmenot]

Almost all CC excludes gold from cashback.

Gold is also an investment instrument and investment using CC is discouraged by regulators.