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A comment on Apple announces Apple Card credit card. Parent comment

Re:Apple announces Apple Card credit card by kevin_thibedeau on Monday March 25, 2019 @05:03PM (#19486715)
They're mostly paid by people who carry a balance and incur interest payments. They fuel the rewards programs.
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Re:Apple announces Apple Card credit card by tfehring on Monday March 25, 2019 @05:59PM (#19487126)
I'm sure interest revenue plays a role in determining the rewards that are offered, but the data suggest that merchant fees, which are largely paid for by non-credit-card-using households in the form of higher prices, are a bigger contributor. The average credit-card-using household receives a net transfer of over $1,000/year from non-credit-card-using households [0] (2010).

[0] https://www.bostonfed.org/publications/public-policy-discuss...

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