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112K views · 490 reactions | Credit card companies create these reward programs in a way that incentivizes people to spend more than anticipated, trapping them in a vicious cycle of debt. Once you’re hooked, they can pull the ol’ bait and switch, completely revoking your rewards if you miss a payment. Rewards can be devalued at any time, making them worth less and causing you to spend more for the same perk—much like inflation. | George Kamel | Facebook
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Apply for the American Express Membership Rewards® Credit Card and kick-start a rewarding journey with 4000* Bonus Points and many more exciting benefits. Rewarding every time you spend on your Card. | American Express | Facebook
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