How does my credit card company benefit if I get rewards but never carry enough of a balance to owe interest payments? 324 viewsJanuary 3, 2024 Question91.94K February 15, 2022 0 Comments How does my credit card company benefit if I get rewards but never carry enough of a balance to owe interest payments? In: 2 8 Answers ActiveNewestOldest Anonymous Posted February 15, 2022 0 Comments A credit card company charges a retailer a fee + percentage of purchase. So you buy $100 shoes and the shoe store pays your credit card company 50 cents + 3% of the cost ($3.50 total). They then give you $1 back in rewards. You are viewing 1 out of 8 answers, click here to view all answers. Register or Login
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