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Amex can deduct air miles in interchange fee, EU legal opinion says

By Nicholas Hirst ( March 6, 2025, 12:18 GMT | Insight) -- American Express should be able to deduct the air miles it purchases from airline KLM when calculating whether the interchange fee paid is within the EU cap, according to a legal opinion prepared for the EU Court of Justice. But the non-binding opinion agreed with Mastercard, Visa and the Dutch payments regulator that Amex should not be able to deduct service charges paid by KLM. At issue is the interpretation of a 2015 EU law known as the Interchange Fee Regulation.American Express should be able to deduct the air miles it purchases from airline KLM when calculating whether the interchange fee paid is within the EU cap, according to a legal opinion prepared for the EU’s top court. ...

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