Wallethub –
Q: Why do you think 21% of people say that inflation makes them less interested in earning credit card rewards?
A: High inflation likely results in people avoiding spending (and thinking about spending). Thus, credit card rewards are likely less attractive during inflationary times.
Q: What advice would you give to consumers who are considering applying for a new credit card solely for the sign-up bonus?
A: Do not be myopic. Businesses that offer credit cards are rational, meaning they anticipate making money off the average consumer.
