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I really think that the insurance policy given by mediassist is way more expensive for parental insurance, means who will pay for 50k+ premium and that too for large copay, I guess the leadership team should intervene here....Parental insurance is really important for any employee and most of the time is only needed.
Recently I used parental insurance and found that the insurance company only paid for 50% of the total bill.
Tavisca JPMorgan Chase
HI folks,
My current CTC is very low with respect to my YOE. CTC : 5.2 lpa
YoE : 4
Tech stack : Python , MLops
But now my manager has initiated H1B visa for me and the visa process is in progress.
Is it worth to wait till the H1B process completes to work in U.S (or) should i make a switch immediately. .
Infosys Tata Consultancy IBM Wipro
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Hi guys,
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don't they charge a higher fee against vendors in the US? I assume it's the same in EU if not worse, so vendors don't allow them. several restaurants by me in NYC also don't accept AMEX
The EU interchange fees are about half (0.96% on average) of those in the US (1.76% average). In Italy they’re 0.76% on average. As such it’s much harder for credit card companies to both make a profit and give their cardholders a bunch of perks. They obviously choose the profit when making this decision.
Also worth noting that in the US, the “tier” of Visa and Mastercard you have will yield a different interchange fee. So a Visa Infinite (CSR, for example) will cost more for a merchant to process than a Visa Signature (CSP) which will cost more than a basic Visa card. (Mastercard is World Elite, World, and basic)
Note: I’m not 100% certain if the various Amex cards have different interchange fees, but Amex fees are often (though not always) higher than Visa/Mastercard, which is why you’ll often see merchants not accepting them.
All this is to say that people who can pay for premium rewards cards are getting their benefits subsidized by people who can only afford basic cards, because merchants will often price in the cost of the highest interchange fee.
Credit cards are far less profitable outside of the US, both due to lower levels of consumer debt as well as interchange fees. Less money for credit card companies means lower rewards for you.