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> most of that fee goes back to the consumer in the form of reward programs. This really isn't true. The VAST majority of Americans don't use credit cards — de
by milesskorpen 12y ago
> most of that fee goes back to the consumer in the form of reward programs.
This really isn't true. The VAST majority of Americans don't use credit cards — debit cards are 3-4x more common – and thus aren't earning any rewards. In fact, the rewards for affluent Americans are subsidized by the less well off. A pretty sad state of affairs.