Who actually pays for your credit card rewards?

submitted by Huzzaz on 02/15/19 1

Here’s why you’re paying for credit card rewards — even if you use cash. Help us make more ambitious videos by joining the Vox Video Lab. It brings you closer to our work and gets you exclusive perks, like livestream Q&As with all the Vox creators, a badge that levels up over time, and video extras bringing you closer to our work! Learn more at bit.ly/video-lab Shoppers love credit card rewards. Banks promise offers of cash back, bonus miles, and cash bonuses to get you to sign up and spend. In 2018, 92% of all credit card spending was made on a rewards card. Some people, like Brian Kelly, a.k.a "The Points Guy," have even made a career our of maximizing these rewards. But who ends up actually paying for all these rewards? (Hint: it’s probably you.) Vox.com is a news website that helps you cut through the noise and understand what's really driving the events in the headlines. Check out www.vox.com. Watch our full video catalog: goo.gl/IZONyE Follow Vox on Facebook: goo.gl/U2g06o Or Twitter: goo.gl/XFrZ5H

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