the.com/cashback
A bribe to swipe, where the store pays you to fund someone else's interest payments.
means A reward returning a small percentage of your spending as cash, paid by card networks or merchants to encourage purchases.
from From the literal 'cash back' you'd request at a register — taking extra money out atop your debit purchase — later borrowed by credit cards for their loyalty kickbacks.
Funded by feesComes from the swipe fees merchants pay.
Net lossSpending to earn 2% loses the other 98.
Card warRewards exploded as banks fought for cardholders.