Credit Card Points | What’s The Catch

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Who is actually paying for your credit card point benefits? Most people would think they are funded by interest rates, and they are, in part; but credit card companies make a lot of money every step of the way: from selling your data to charging businesses for every swipe.

In this What’s the Catch episode we dive deep into the world of credit card points and the hidden mechanisms behind those attractive perks. Are these rewards truly as beneficial as they seem, or is there a catch you’re not aware of? Who really foots the bill for your so-called „free” benefits?

We’ll uncover the layers of profit that credit card companies enjoy – from interest rates to subtle charges on every transaction. It’s not just about the interest accrued on unpaid balances; these companies are making money every step of the way. Your purchasing data is a gold mine, and businesses are being charged for every swipe you make.

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What’s the Catch is a collaboration series between The Hustle and Slidebean. We explore the nuances behind the most popular business and financial trends.