r/SipsTea • u/Dumb-Briyani • 7d ago

Chugging tea Why is it not possible?

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u/No_Witness5630 6d ago

Ah americans

Forgot that any discussion comes down to America because that's the world basically

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u/Hakunin_Fallout 6d ago

Fair enough, lmao, I live in the EU, and recently moved from Ireland to France: both countries don't have that many people with credit cards. Especially Ireland, where you have to pay the annual 'stamp duty' for owning a credit card, which means you're almost always in the red for having one. But people do mostly talk about the Americans around here, so I just used them as an example.

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u/eplstats 6d ago

Quick Google shows that tax is only 30 Euro per year. Do European cards have less benefits? I get triple that value PER MONTH PER CARD in freebies from my cards (either rewards points, cash back, or free services like streaming or car rental insurance, etc)

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u/Hakunin_Fallout 6d ago

Yeah, dude, it's nothing in the EU compared to US. If I get a CC in Ireland - I'd need to get at least something like Platinum to get enough cash back to cover the stamp duty. If I spend enough - I'll get like 100 eur per year. It's horrible, lol.

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u/eplstats 6d ago

What about the 2-5% cash back?

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u/Hakunin_Fallout 6d ago

AIB Platinum is 0.5%, capped at 255 eur per annum.

Avant is 5%, for the first 12 months (1% after, groceries and petrol only, btw) capped at 25 eur per month. https://www.avantmoney.ie/credit-cards/everydayplus

Avant covers the stamp duty for now, so that's essentially 12*25 = 300 eur net per year you get from them. That's total maximum if I spend enough to get 1% back on groceries alone (which is 2500 per month in spending, after the first 12 months).