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vascoyesterday at 12:23 PM3 repliesview on HN

It has no relation to paying interest, only to making transactions with the credit card.


Replies

turkey99yesterday at 12:24 PM

If you use a credit card, but can’t pay it immediately then you pay interest. It’s a trap the less wealthy fall into.

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kybernetikosyesterday at 12:39 PM

The relationship is that the service and rewards you get are subsidised by generally poorer people who mess up their financial planning.

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nutjob2yesterday at 12:35 PM

This isn't correct, rewards and benefits are not 100% funded by interchange fees. They wouldn't be possible without many customers paying interest.