Banks are able to give customers credit card rewards thanks to interchange fees. Typically, banks charge merchants a two percent interchange fee for the convenience of swiping a credit card. Then the banks incentivize customers to apply for and use a card by offering some of that interchange fee in the form of a reward. […]
The post Fidelity Investment Rewards Visa Credit Card: Are there easier 2% cash back options? appeared first on MagnifyMoney.
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