1min snip

Acquired cover image

Visa

Acquired

NOTE

Cash payment costs households $149 while card usage provides $1100 in value

Goods are marked up to accommodate interchange, making prices more expensive for those without rewards-based credit cards. Cash users pay $149 more each year while card users receive $1100 in value. The system is regressive in its rewards and penalties. Changing the system is difficult due to the chicken or the egg situation.

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