Rewards Credit Cards Gained a Fanatic Following—Now Banks Are Pulling Back
Published on January 2, 2019
Rewards Credit Cards Gained a Fanatic Following—Now Banks Are Pulling Back
Douglas Jensen
Wed, 01/02/2019 - 12:18pm
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Major perks like airfare and cash back were meant to lead to higher returns. But consumers figured out how to game the system, spending just enough to earn generous sign-up bonuses—then abandoning the cards in a drawer. Others pay their bills in full and avoid interest charges and late fees.