A tactic some banks or processors use to lure in new merchants by offering a low qualified rate (like 1.69%) and inflating rates of the other cards, like rewards and business cards. The cards which do not fall under qualified rates may be lumped together as “mid qualified” or “non qualified.” Beware of suspiciously low rates. Some companies intentionally quote only their debit rate, neglecting to mention rates on all other card types.

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