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A comment on Anatomy of a credit card rewards program. Parent comment

Re:Anatomy of a credit card rewards program by agloe_dreams on Thursday April 04, 2024 @09:29AM (#39930159)
Boy are you going to be shocked when Walmart, target, Amazon brag about the X% income increase when that happens and while prices continue to rise.

Zero, zero companies will discount the sales price when the rewards cards are gone.

There is a strong argument that discontinuing rewards cards actually helps the extremely wealthy by taking from the middle class and giving it to the Uber rich shareholders and big business owners.

[ Parent | on HN ]
Re:Anatomy of a credit card rewards program by addandsubtract on Thursday April 04, 2024 @07:17PM (#39937024)
There's another side to this. By giving out rewards, wealthy people are given more on top. Things they otherwise would've paid for are now free to them. Whereas someone without those benefits has to pay for those things out of their own pocket.
[ Parent | on HN ]