Capital One became the first provider to scrap cashback for new customers . Comment: An EU cap limits the fees retailers can be charged for processing payments . Perks 'no longer sustainable ' after it starts in October , Capital One has said .
Capital One became the first provider to scrap cashback for new customers . It said new restrictions will squeeze profits and other firms may follow suit . An EU cap limits the fees retailers can be charged for processing payments . Perks 'no longer sustainable ' after it starts in October , Capital One has said .