Who actually pays for your credit card rewards?

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Title	:	Who actually pays for your credit card rewards?
Lasting	:	5.28
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Views	:	1,8 jt

Using cash bypasses the Interchange fees and merchants prefer that Especially small businesses I don’t agree using cash pays for his rewards? People carrying balances paying high interest rates are paying his rewards brThis video states prices can be marked up higher to compensate for the fees It’s so messed up
Comment from : @FadeToBlackLLC

How about we get rid of your rewards points and lower inflation by 2
Comment from : @lukewackler

This video misses the point that some shops love premium cards with higher fees because it attracts a demographic with more spending power
Comment from : @ABC-rk3rx

Appreciate the detailed breakdown! 🧐 I’ve got a question: 🤨 I only have these words 🤔 (behave today finger ski upon boy assault summer exhaust beauty stereo over) I’d be grateful for some help 🙌
Comment from : @IgnacioRocheleau

Irresponsible people pay for irresponsible behaviorResponsible people get rewarded Not everyone gets a trophy when your an adult 😂
Comment from : @OneIncomeSuperSaver

Personally, I don’t think rewards should be legal They can be predatory to some
Comment from : @ThraxMan84

I didn't receive any credit card or debit card
Comment from : @林國偉-f3j

My name is joslyn c Shakur and my military boss rewarded me with credits 💳💳💳💳💳
Comment from : @JoslynShakur-e3p

What a scumbag conclusion XDbrbr"Poor people pay for ur rewards so make sure to get them" despicable
Comment from : @toukun4163

INFLATION
Comment from : @apope06

exellent informations
Comment from : @trop2511

It will be very interesting if the new credit card act passes by the end of the year
Comment from : @mitchellquartero

If u get 3 cash back you are still losing money cuz the balance interest on that purchase can be around 15
Comment from : @ca-yp8tp

Yea ill just stick to cash brbrThe game is rigged
Comment from : @SimplyHomicide

I never click on any sites referral links
Comment from : @roninbushitoろうにん

Thanks, people with no credit/bad credit You have been funding pretty much all of my vacations for years
Comment from : @Peteacrossthestreet

The 40 of people who don't pay off their balances each month and get slapped with interest payments are the ones paying for your rewards
Comment from : @nala3038

I have mixed feelings about this Over the last few years I come to realize that a whole lot of people make money off of the poor So, if we are going to place guilt on consumers with money using rewards cards we have to also place guilt on banks charging interest on auto loans, etc and on credit card companies for charging interest, and on utility companies and landlords for charging late fees Charging interest and fees is how many people get rich
Comment from : @djpickleballplayer

He says if you are paying cash for everything you are literally throwing away money That’s not really true Because when people know they will get cash back on purchases they are inclined to make more purchases on the credit card Which means you spend more money Like you spend $20 more to get another 40 cents back This is psychology And this allows the credit card companies to make more money It is very profitable for them
Comment from : @djpickleballplayer

If everyone tries to maximize their credit card rewards, the srores need to further raise prices
Comment from : @derdilla

The real answer to the question is, the people who can't pay off their credit cards pay for your points and Cashback
Comment from : @lobsterstrange

I agree with Brian 95brBut if you pay with cash at a store I don't think you're paying for someone's rewards cause the store keeps the rest, you are missing out on potential rewards for sure though
Comment from : @ExposeFlyersDotCom

Either there's people that don't use rewards cards yet, which means they are paying for the benefits of those who pay with cards Or everybody uses rewards cards, meaning noone actually gets more rewards than they are paying for anyways but the banks have increased their profit
Comment from : @schnitzelsemmel

I found out banks don't accept counterfeit money at the business So debit or credit only!
Comment from : @rosettejones5050

These reward and benefit only you get with 1-3 year you are using credit card, more than that bank will make profit from your loan, like example annual charge
Comment from : @x1fantasy413

who noticed radiohead album in the background
Comment from : @eviloid3121

Like almost any other thing in this financed world, the lower class "pays the price" ! and more and more people are falling in this index by the year!
Comment from : @davcarps8807

I am i the only one who gets major dchbag vibes from that guy? br"I won't go into ethics, but i will maximise my part in it"???
Comment from : @RMNTZ

You pay for your own rewards by spending 10 more than you would otherwisebr1 rewards is meaningless when you're spending increases by much morebrIf you have 1 cash back you can only spend at most 1 extra or you net lose money
Comment from : @aorusaki

Y'all just keep carrying balances so the whole system doesn't collapse
Comment from : @Adiscretefirm

It sound like being kidnapped by credit cards, whether you using it or not That's a good one, banks 😅
Comment from : @superscalar

Partly its a bait People spend more and dont think as much when credit card payments are made at the END of the month This is partly why credit card debt exists This is the other side of the argument they dont talk about
Comment from : @philadriaan5692

Never heard of these rewards
Comment from : @tbu_drachenkater5397

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Comment from : @thomaschapman5282

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Comment from : @cryptomessiah2582

So, the rich get richer?
Comment from : @tysd848

Wait, you guys are getting credit card rewards o_o
Comment from : @aceilort

Pls I get like 90 cents back every month
Comment from : @parisht2381

Of course, Europe already took care of it
Comment from : @shanescott8241

Dave Ramsey has entered the chat
Comment from : @MiguelGomez-tb8ve

It’s 2022 and nothing has changed
Comment from : @xXTHELEECHXx

More people sign up for high rewards cards to lower their cost When more people start using high rewards cards, retail prices increase again Vicious cycle
Comment from : @tanzila7338

This is surprising to hear about, considering we’re moving towards a cashless society
Comment from : @nickthompson1812

I've been a cashier in several grocery stores and fast food joints Almost all of them refused to accept American Express cards due to the fees
Comment from : @angelitabecerra

There was a mom & pop shop in my city years ago who charged less for cash purchases that credit purchases That would be the perfect balance between making the credit consumer pick up the tab, without making cash users finance credit consumers
Comment from : @MrBeatboxmasta

American economy < trading cards
Comment from : @jesperjnsson6268

Bryan has no wife and no kids, pass!!!
Comment from : @juniorpasini9137

Literally everyone is better off why is everyone so mad
Comment from : @luisandrade2254

how do people get so many points I have heard they are business people who do all their B2B transaction with it (that would be illegal in my country but we dont have reward cards)
Comment from : @MiniKodjo

Banks and stores do not make plans to Lose money Under what proof does paying cash pay for your trip? :-/brThis sounds like a bank advertisement for giving them our money
Comment from : @savannahrobbins8934

I think you are fooling yourself thinking that others pay for you In reality you are paying more for feeds than you get back
Comment from : @ivaoh9425

I love how no one recognizes the most important take-away from this video: STOP USING YOUR DEBIT CARD (for SEVERAL reasons!)
Comment from : @A22DNAL

Does anyone from EU use the cashback, miles or points reward system? I'm not aware of banks in my area, offering this type of credit cards On the other hand, tons of loyalty cards are offered from almost any store you can imagine :)
Comment from : @YouBazinga

How banking turn point credit reward into cash money? The mechanism or principle
Comment from : @kuroyuzu9906

This is the funniest video EVAAA!!!
Comment from : @rip2664

Credit cards should be limited or the fees merchants pay should be cut in order to keep the prices of goods low It's more financially smart to use cash and debit cards
Comment from : @eyelandgal

I dont want rewards I will keep using debit card forever
Comment from : @AbeyAbrahamJohn

Who pays for your credit card rewards?brbrANSWER: the people not paying off their card balance on time
Comment from : @PassportBrosBusinessClass

that's why i use my card for everything as long as there is no transaction fee, and pay it at the ned
Comment from : @CFloPhotography

Hey
Comment from : @brandonhillsman4303

The name of this video most definitely changed
Comment from : @Dead_Shoulders

Moral of the story: always pay off your credit card on time
Comment from : @wilson8013

The statement that he makes “ if you are paying cash you are paying for my rewards” is incorrect Businesses raise all of their cost by 3 to cover the credit fee so in all actuality he also is paying for his rewards because he pays the 3 higher fee
Comment from : @michaeljohnsonofficial

This man is not even telling how much he must've spent to fund those Emirates business class tickets Atleast be upfront on that It's not as easy as, use credit card, get points for this
Comment from : @kingbradley3402

Me after watching this video: wellhe's got a point
Comment from : @ElizondoAbelardo

It's so funny to me that the people who get annoyed that they have to pay for other people's rewards also advocate for universal health Care
Comment from : @aaronsisneros644

Wait You guys are getting rewards?
Comment from : @radudilirici

Only possible in developed countries!
Comment from : @muhammedajmal8609

So Dave Ramsey and his followers pay for the rewards, oh the irony
Comment from : @esonon5210

Will not get into the ethics … the privilege
Comment from : @CristianLL

my clone card got delivered to me from bLegitsgang2/b on telegram thanks a lot for keeping your promise I’ll walk long term business with you now ✔️✔️
Comment from : @anthonydaniel7862

Rich gets richer, poop gets pooper
Comment from : @sanjarazim7579

Those pays by cash do not over spend That's better any day
Comment from : @Jino867

there alot scammer am happy to choose the light vendor@zekkals on telegram you're a reliable vendor
Comment from : @macosdavid1441

Not accurate
Comment from : @esmith4646

Rewards has so far paid for about 4 of my overseas trips in the last 2 years (precovid) Getting harder to find good deals, but still on track for around $150 back this month on one card alone
Comment from : @tidakadaide