article_snippet.sent: Capital One yesterday became the first provider to scrap yesterday cashback offer for new customers because of restrictions that will squeeze profits.
article_snippet.sent: Capital One yesterday became the first provider to scrap yesterday cashback offer for new customers after the announcement of an EU cap limiting the fees retailers can be charged for processing payments (file photo) yesterday scrapped the deal after the announcement last month of an EU cap – due to be introduced in October – limiting the fees retailers can be charged for processing payments.
article_snippet.sent: Capital One said Capital One made perks 'no longer sustainable'.
highlights_snippet.sent: Capital One became the first provider to scrap cashback for new customers .
  
highlights_snippet.sent: Perks 'no longer sustainable' after it starts in October, Capital One has said .