And, you would be correct, in a sense. Wealthier consumers benefit disproportionately from CC rewards compared to less wealthy consumers: Paper from 2010 show

And, you would be correct, in a sense. Wealthier consumers benefit disproportionately from CC rewards compared to less wealthy consumers: Paper from 2010 showing this: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1652260 https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1652260 News article with a good summary: https://www.reuters.com/article/us-usa-fed-wealthtransfer/credit-card-fees-transfer-wealth-to-rich-study-finds-idUSTRE66P50S20100726 https://www.reuters.com/article/us-usa-fed-wealthtransfer/cr...