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The Ramsey Show Unveils The Truth of Credit Card Rewards Programs


//business-finance.news-articles.net/content/202 .. s-the-truth-of-credit-card-rewards-programs.html
Published in Business and Finance on by MSN   Print publication without navigation

Credit card rewards programs have become increasingly popular among travelers and consumers seeking to maximize their purchasing power. However, a deeper examination reveals concerning implications about who truly pays for these seemingly attractive perks.

The article from MSN Money discusses insights from "The Ramsey Show" on the realities of credit card rewards programs. Hosts Dave Ramsey and George Kamel argue that while credit card rewards can seem appealing with their points, miles, and cashback offers, they often come with hidden costs that can outweigh the benefits. They highlight that many people end up spending more than they would have without the card, essentially paying for the rewards through interest on carried balances, annual fees, and other charges. Ramsey and Kamel emphasize that credit card companies profit significantly from these programs, suggesting that the financial literacy promoted by understanding these dynamics could lead to better financial decisions, like avoiding credit card debt and focusing on saving and investing instead.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/credit-cards/the-ramsey-show-unveils-the-truth-of-credit-card-rewards-programs/ar-AA1wrvFj ]

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