Comment on Credit Card Points Are a Transfer from the Broke to the ComfortableComments−daft_pink1moAren’t they actually funded by swipe fees and the banks just make money off the interest but generally swipe fees are a transfer from the retailer to the consumer but ultimately built into the price.
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Aren’t they actually funded by swipe fees and the banks just make money off the interest but generally swipe fees are a transfer from the retailer to the consumer but ultimately built into the price.