The Illusion of Credit Card Rewards Programs

Credit card rewards programs are popular with card users. Many personal finance sites and bloggers devote considerable attention to evaluating the merits of different credit cards that reward users based on spending levels. In the case of some bloggers, those evaluations rise to the level of outright promotion because of affiliate advertising relationships between the blogger and card issuers. I am a contrarian and believe that the awards benefits of these programs are, on balance, an illusion. Let me explain this hard truth. Read more