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Rewards are hoops CC card companies make you jump though to get some of your money back. Money you pay when vendors increase their prices to cover CC card fees
by jcoffland 10y ago
Rewards are hoops CC card companies make you jump though to get some of your money back. Money you pay when vendors increase their prices to cover CC card fees.
- jrockway 10y agoYou pay the fees if you use this card, or indeed buy anything at all. So you'll want to get those rewards.
- madeofpalk 10y agoAnd you pay a fee to cover those rewards.
- closeparen 10y agoYes, but opting out of rewards just leaves your money on the table.
- Axsuul 10y agoConsumers don't care about why things are the way they are.
- darkstar999 10y agoI don't know what credit card you have experienced this with, but with mine I just indicate that I want cash back in the form of statement credit and it's good to go. There are no hoops to jump through.
- ch4s3 10y agoPedant rant/ That's not quite how pricing works. Firms will generally charge the highest price the market will bear. If the firm is already charging that price, demand decreases if the raise the price. Depending upon the price elasticity of demand, it may be a precipitous drop. The firm is more likely to just have diminished margins.