Here in Australia, US-style cashback cards basically don't exist - there have been a handful of banks that have tried things like a 2% cashback on debit cards for using Visa PayWave, a few cards which have introductory (e.g. first three months) cashback deals, and of course you can use Amex points to pay off your Amex debt, but usually at worse rates than you can exchange to airline miles. But nothing like US-style permanent cashback deals.
Of course, over here we have far lower interchange rates than the US, and courtesy of new Reserve Bank regulations, interchange rates will drop even further on Visa and MasterCard purchases later this year, which I suspect makes it rather harder to do a cashback offer profitably.
Of course, over here we have far lower interchange rates than the US, and courtesy of new Reserve Bank regulations, interchange rates will drop even further on Visa and MasterCard purchases later this year, which I suspect makes it rather harder to do a cashback offer profitably.