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Given how generous credit card rewards are in the US, combined with the interest rates that get charged to people who buy things they can't afford, I don't see
by staringback 3y ago
Given how generous credit card rewards are in the US, combined with the interest rates that get charged to people who buy things they can't afford, I don't see it replacing credit cards.
- DeRock 3y agoYou need to see it from the merchants perspective. What if they offered you a 5% discount for paying with FedNow?
- staringback 3y ago5% is still in the realm of cashback rewards, I use my Citi Custom Cash card to purchase gas and receive 5% back (it is cheaper this way even though the credit price is usually 10c higher per gallon)