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Who pays for it? Likely: - People not paying their Credit Card bills on time and racking up interest. - Everyone else who is not using a Credit Card and get p
by codeisawesome 7y ago
Who pays for it? Likely:
- People not paying their Credit Card bills on time and racking up interest.
- Everyone else who is not using a Credit Card and get points (or get less points), subsidise the points users.
- Merchants who pay 3% transaction fees.
- Probably to a small degree, investors who buy stock in the cc companies (capital, which is deployed for Growth).
- muddi900 7y ago3%? Premium rewards can go up to 5%.
- dx034 7y agoI meant this offer compared to other card offers which are not as generous. All of the points you mentioned would mean that Amex pays for it. However, I'm not sure they really pay much of the face value for the Dell and WeWork vouchers, I'd just be curious if they paid 50%, 10% or even less.