Skip to content

Comment on Credit Card Points Are a Transfer from the Broke to the Comfortable

Comments

The author couldn't even get through the first two sentences without being wrong. Credit card rewards are not funded by interest and this idea that credit card companies don't want you paying off your bill every month is retarded. The card issuer gets the majority of the interchange fee and makes a profit on every swipe even after accounting for rewards.

AboutSource Built by g1lg1l

Hackerly is an independent reader for Hacker News, built on the public HN API. Not affiliated with Y Combinator.