Who Pays For The Convenience Of Credit Cards?

There are tremendous societal gains in nudging the economy further away from cash: fewer off the books (and untaxed) transactions, reduced crime, and lower transaction costs in society. If we ended points we would see at least some of the gains in credit card usage in the last decade reverse.

Source: https://www.forbes.com/sites/ikebrannon/2021/06/14/who-pays-for-the-convenience-of-credit-cards/

Join the Discussion

  • BrokerEUR/USD
    City Index 0.5pips (fixed) margin: 3.33%
    SpreadEX 0.6pips (variable) margin: 3.33%
  • Back to top