Comment on The Suprising Way Credit Card Companies Make Money [in the US]

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doylio@lemmy.ca ⁨4⁩ ⁨weeks⁩ ago

My apologies, he does make that point. I mis-read into your comment that the poor people using credit cards (who pay interest) pay for the rich person’s credit card rewards. But it’s worse than that, anyone who doesn’t use a credit card (which includes many poor people as you point out) are subsidizing the rich person’s rewards

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