Comment by bombcar
2 years ago
The benefit for the customer is getting 2% back when prices are only 1.5% higher than they would be “otherwise” because of cash and debit payments.
The disadvantage to the customer is increased spending because of how easy it is, which probably far outweighs the 2%.
The other disadvantage to the customer who gets that extra 0.5% is that they know they're profiting off the misery of those worse off than them, that they enjoy rewards while those with low credit scores, struggling to feed their family, face 1.5% higher prices.
I would hope the tarnish on your immortal soul and realization that you're profiting directly off other's misery would be a bigger downside.
If you start seriously considering all the misery required to bring us cheap iPhones and all we ravenously consume, you'll quickly end up in a shack in the woods sending packages USPS.