Credit Card Solution

Business credit card rewards programs offer additional incentives for business owners to use their card, which already offers a host of advantages. Although it’s not advisable to select a credit card on a rewards program alone (as factors such as interest rates, fees, repayment terms, and the needs of the business are certainly more important), after choosing a suitable business credit card, it’s a good idea to investigate its rewards program and what it has to offer. If the decision does come down to what types of rewards are offered with the card, consider choosing between one of the following three business credit card rewards programs.

Cash Back Rewards

This is by far the most popular type of rewards program offered with business credit cards, primarily because it offers unprecedented control in regards to how the rewards money is spent. Wit

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Credit Card Rewards: Reverse Robin Hood?

Robin Hood used to steal from the rich in order to give to the poor. Now a public policy discussion paper from the Federal Reserve Bank of Boston gets close to suggesting that credit card rewards programs achieve much the same–except in reverse.

The paper, published last Wednesday, says: “On average, each cash-using household pays $151 to card-using households and each card-using household receives $1,482 from cash users every year.” And it goes on to show that it’s low-income households that tend to use cash and high-income families who receive most through using their credit cards.

Credit Card Companies and Swipe Fees

The Fed’s hypothesis is based on how “interchange fees” (also known as “merchant fees” and “swipe fees”) are levied and funded. These interchange fee

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