How Credit Card Rewards Became a $9.2 Billion Wealth Transfer | Working Knowledge

Credit Card Rewards Became a $9.2B Wealth Transfer

As inflation-weary businesses raise prices to cover credit card interchange fees, the pain isn't universal, says research by Mark L. Egan.

209 points by conbrian 57 days ago www.library.hbs.edu 360 comments

Summary

Research reveals how credit card interchange fees are driving up prices for businesses, but not everyone is feeling the financial strain equally. Discover the dynamics behind this $9.2 billion shift in wealth.

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