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It's worth noting there's some real economic disparity in just who can get rewards cards with significant incentives in the US.
by jasonwatkinspdx 4y ago
It's worth noting there's some real economic disparity in just who can get rewards cards with significant incentives in the US.
- arcticbull 4y agoYep, but also, those vanilla no-rewards Visa cards only have interchange rates as low as like 1.5% whereas those high-end cards like an Amex Platinum can cost as much as 3.5%. [1] [1] https://www.bankrate.com/finance/credit-cards/why-american-express-isnt-universally-accepted/ https://www.bankrate.com/finance/credit-cards/why-american-e...
- ShroudedNight 4y agoYet the price the purchaser pays doesn't change, so the less fortunate end up subsidizing the rich. Credit card rewards are egregiously regressive.