2 ms·
I've always thought this fee + cashback thing is weird, because the merchants just add it back to the cost of the item. Sure, you may be getting that cost back
by infogulch 7y ago
I've always thought this fee + cashback thing is weird, because the merchants just add it back to the cost of the item. Sure, you may be getting that cost back as cash, but the merchant charges you the same if you don't have the super elite card. So isn't this just a sneaky underhanded way to tax the poor which obviously don't have credit to get the super elite card?
- vorpalhex 7y agoThe intent is not to "tax the poor" though that is effectively an outcome. Rather the intent is for credit card issuers to have a profit potential from short term credit (and to make a given line of credit more attractive for use through rewards).