The holidays are a time when millions of Americans travel to spend time with family and friends or splurge on a gift for a loved one — and many cash in on the credit card rewards they’ve earned all…
No, what I’m saying is the article argues that rewards points are a function of credit card fees, when in fact credit card fees pre-date rewards programs.
Yes, some credit card fees are independent of funding the rewards programs, and some of those fees existed before widespread use of rewards programs. But so what? Today, some significant portion of those credit card fees definitely exist because of the rewards programs.
No, what I’m saying is the article argues that rewards points are a function of credit card fees, when in fact credit card fees pre-date rewards programs.
Yes, some credit card fees are independent of funding the rewards programs, and some of those fees existed before widespread use of rewards programs. But so what? Today, some significant portion of those credit card fees definitely exist because of the rewards programs.