a percentage of interest to that card holder but that might not have overdone or taken care of all the fraud that was committed so interchange came into plan said well let let’s have the merchants carry some of that risk to through the interchange fees well then
all of a sudden you started to see different rewards cards pop up that would influence or encourage consumers to use those cards so some of you may think back and remember the diners club they give you rewards for going out and eating and you can store up those points and get an additional meals then discovered came to the table with their cash back program
the dynamics came to the table and said hey we’re going to go ahead and give you a credit card but you have to pay it off every month and we’re going to charge you an annual fee so those of you who had had one of the white and green amex cards from way way back you probably remember having to pay off the balance every month and you paid a pretty pretty decent annual fee but yet you got some nice air miles and rewards points for that well
then came the advent of some of the higher Small Business Accountants Adelaide ended cards the Visa MasterCard came out with signature cards so they said hey we want to go out after the people who have a lot of money who have great FICO scores and they generally pay off their balances each month so we’re going to give them credit cards and we’re actually going to give them a higher loan ratio so they might have $, line of credit tie to that credit card and then they said well let’s make it available to the masses and that’s where we’re at today rewards cards are out for just about everybody
and these rewards and outside of debit and credit cards so most of us were probably if we open up our wallets we probably have cards that give us thank you points cash back in air miles and we thrive on it we love them because we can take our