Credit card points and miles are paid for by the poorest

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A friend tells another that he bought a new electronic device with credit card points. The other responds that he bought a ticket from São Paulo to Buenos Aires round trip with thousand miles and that he has another thousand miles accumulated enough to travel the world. This behavior is common in the wealthier classes accumulating points and miles shopping on specialized websites and air travel around the world with credit card bonuses. Consequently it is common to see payments of any amount with a credit card from coffee to large bills to accumulate points.


The pleasure of making purchases with points or miles Germany Phone Number without having to pay money should not be overlooked. The market's growth is positive with the encouragement of purchases and travel with points and miles with respectable supporters of this device including the argument that it is used in other countries. However a cruel and unresolved issue weighs on this issue and needs to be faced. Of course there is no free lunch. The bill for this kindness is being paid by consumers and the largest portion of payers the poorest do not have access to credit card bonuses and are excluded from this award.



Credit cards do not provide benefits credit terms installments and bonuses for free. They charge fees of up to on the purchase price in addition to extortionate interest on installments. The card business is billion-dollar and highly profitable. They want maximum expansion which is certainly why the points are attractive. The fee charged by card companies is embedded in the price of the product sold and spreads across all prices in the economy. All buyers without distinction pay for the services of the credit card system but only a privileged few the richest exactly those who need it least receive the bonus. Estimates indicate that the majority of the population does not have enough monthly income to make good use of a credit card.