Re:Credit Card Rewards Became a $9.2B Wealth Transfer
by bluGill on Tuesday August 25, 2026 @08:41AM
(#49433014)
There is one other rub - because I use my bank's card I get better interest rates. How does a .25-.5 % on my various loans and checking account compare to 2% on groceries - this is a complex question that it not easy to answer.
And that's the rub. Credit card companies know most people won't be too mindful most of the time about their spending habits.