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Yes, but consider who pays the merchant fee in the end. Sure, you might be getting a kickback of that in rewards, but usually less than you pay yourself in fees
by lxgr 5mo ago
Yes, but consider who pays the merchant fee in the end. Sure, you might be getting a kickback of that in rewards, but usually less than you pay yourself in fees indirectly.
- IncreasePosts 5mo agoVery few places offer discounts for cash, so ultimately everyone pays it, but only those with good credit card rewards get some of it back.
- lxgr 5mo agoYes, that's the problem: Part of people are getting part of the pot of extra money back, through a highly complex coupon collector's version of a Rube Goldberg machine that skews win rates towards those with better credit. It's really the perfect scheme, as the system creates its own never ending supply of advocates.