Anatomy of a credit card rewards program
bitsaboutmoney.com · 4,255 words · saved by 9 readers
Credit card rewards are mostly funded out of interchange, a fee paid by businesses to accept cards.
Anatomy of a credit card rewards program Patrick McKenzie (patio11) • Mar 29th, 2024 There are only a few opportunities to make a living by getting good at creating tables to facilitate high-frequency math that end-users will find entertaining but will have predictable statistical properties at scale. One of them is designing roleplaying games. Seems like an interesting topic but someone else will have to write about it. In this column, the dragon sleeps on a hoard of interchange revenue, you slay him to get credit cards rewards points, and the card issuer running the game merrily chuckle
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