How can we get money back from what we buy ? (1-10%) can’t we abuse it if someone we know has a shop ?
In: Economics
It is an incentive – a bonus – that the credit card offers to encourage people to buy with their credit card. The hope is that the credit card company makes more money from the transaction fees (that the merchant pays) and from interest on accounts that aren’t paid in full regularly than they pay for cashback rewards.
> can’t we abuse it if someone we know has a shop
I don’t know how that would work, can you please explain?
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