Quote:
Originally Posted by Topspinmo
Wow, with all freebies giveaways I’m surprised CC companies can stay in business, nothing in free, their getting paid somehow.
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Quote:
Originally Posted by retiredguy123
They make money on people who pay interest on their credit card debt. About $1.2 trillion in debt nationwide.
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Correct, they make a lot on interest. But the rate a merchant pays to process is higher on rewards cards vs regular cards. So the merchant is paying for your rewards/miles. But...they are prob adding that that cost to your purchase via a higher price so you don't see it.