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Credit cards charge merchants for their loyalty programs. They do make money from carried balances, but that's not how reward programs are funded.
by statusgraph 13y ago
Credit cards charge merchants for their loyalty programs. They do make money from carried balances, but that's not how reward programs are funded.
- aiiane 13y agoRegardless, the point is that credit cards make money off of each transaction, even if the consumer doesn't see a per-transaction fee.