Reader George asked about the economics of rewards credit cards. I was just mulling over the economics of credit card bonusing last night- are all of the costs absorbed by the credit card companies? 2x travel and dining are broad credits that capture a big chunk of credit card spend, so that’s a subsidy that […] The post Here’s How Rewards Credit Card Deals Between Banks and Loyalty Programs Work Behind the Scenes appeared first on View from the Wing. Continue reading...
