> “What many credit-card and debit-card users don’t realize is that the vendor is paying for their travel rewards points and cash back through the fees charged

> “What many credit-card and debit-card users don’t realize is that the vendor is paying for their travel rewards points and cash back through the fees charged by the processing companies,” said Laura Bair, 61, a hairdresser in Santa Fe, N.M. Credit card rewards are another poor-to-rich wealth distribution scheme. https://www.federalreserve.gov/econres/feds/who-pays-for-your-rewards-redistribution-in-the-credit-card-market.htm https://www.federalreserve.gov/econres/feds/who-pays-for-you...