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Igel

(36,229 posts)

8. The retailers tend to pass those on, actually.

Reply to Mosby (Reply #5)

Wed Dec 18, 2024, 07:44 PM

Dec 18

It makes for a small increase overall where the benefits are channeled to those that are part of the program.

At least when the credit card company doesn't eat the cost because it gets them greater volume (which, as any supply/demand curve will tell you, might make for more income even at a lower profit per $).

Businesses used to not accept credit cards that had too high swipe fees; then they were, by rule, told they couldn't and the reward schemes skyrocketed.

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Highlight:

US watchdog warns credit card issuers not to devalue rewards [View all] BumRushDaShow Dec 18 OP

"rewards" FredGarvin Dec 18 #1

I Find Quite a Bit of Value in Rewards Schemes JBTaurus83 Dec 18 #2

Thanks for the helpful tips!! SWBTATTReg Dec 18 #3

Thanks. Keep us posted. blue neen Dec 18 #4

It's the retailers paying those extra fees Mosby Dec 18 #5

That could be..the credit card companies can't afford it... NowsTheTime Dec 18 #6

The retailers tend to pass those on, actually. Igel Dec 18 #8

You are my new hero! I manage to get $500 - $800 in cash cards each year Earthrise Dec 18 #7

Welcome to DU LetMyPeopleVote Thursday #9