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For questions related to credit card, bank, or merchant reward programs.

12 votes

Why do cash back credit cards give a higher rate for dining and gasoline purchases?

These two categories ensure you will carry the card in your wallet (since they only work for physical locations), but don't tend to have excessive spending (most people maxing out at $200 or so per mo …
Scott McIntyre's user avatar
4 votes

Are credit card rewards taxable?

USA: The banks are responsible for issuing a 1099 tax form if it is considered taxable and above a certain dollar limit. They do not so for credit card rewards, so they have clearly decided it is not …
Scott McIntyre's user avatar