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Credit Card And Cash-Back Reward Expectations For 2011

Sunday, January 23, 2011 - 11:33 AM
This Wall Street Journal article offers some predictions for credit cards in 2011. One of the predictions is more cash-back promotions. It cited a study which described the benefits that credit card issuers get from cash-back cards:
With an average cash-back reward of $25, consumers spend about $79 more a month on the credit card, researchers found. At the same time, they raise their debt level by $191 a month because their average monthly payments fall, too.

Ken TuminKen Tumin5,472 posts since
Nov 29, 2009
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