And I'd be willing to wager that the ability to pay bills on time might be somewhat correlated to wealth. What you're giving is a rationalization for why the e

And I'd be willing to wager that the ability to pay bills on time might be somewhat correlated to wealth. What you're giving is a rationalization for why the economic landscape of credit cards looks the way it does, which is useful for understanding it, but not at all the same thing as a justification for that being desirable for society as a whole. We have a perfectly fine mechanism for making lending cheaper for people who pay on time: Interest rates. There's no economic need for tangling all of that up with rewards/cashback rates. > It was expensive, but for my specific situation, the travel benefits were basically making me $500 a year, alot of money for me. While I also greatly benefit from the system myself I still consider it a massive resource sink for society at best, and borderline predatory lending behavior at worst, and would gladly see it disappear the same way it has in the EU.