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nishant
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11:25 AM on April 30, 2008
swadesh's Answer
When accepting payment by credit card, merchants typically pay a percentage of the transaction amount in commission to their bank or merchant services provider. Rewards based credit card products like cash back are more beneficial to consumers who pay their credit card statement off every month. Rewards based products generally have higher APRs. If you don't pay your balance in full every month the extra interest you would be paying will eclipse any rewards you earned.
Answered at
11:28 AM on April 30, 2008
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