Your Credit Card Rewards Aren't Free

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You pay your credit card in full, so the bank makes nothing from you… right?

Not exactly.

Every time you swipe, the store pays a hidden fee. That fee gets baked into prices, and part of it comes back to you as “free” points, miles, or cash back.

So your rewards are not really free.

They’re funded by a hidden toll on everyday spending.

And that’s the hidden markup.
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