How do 'register your credit card with us, and earn cashback' schemes work, or make money themselves? (kbin.social)

submitted 1 year ago by kaladininskyrim@kbin.social to c/asklemmy@lemmy.ml

8 comments fedilink hide all child comments

For example, with T-mobile, I can register my credit card, and if I use that credit card at any of the participating outlets, I can earn cashback. Similarly, if I register a non-Bilt credit card with Bilt, then I can earn Bilt points on 'eligible spend'. How are they able to access my credit card transactions? and are they getting access to only the participating outlets, or all of my transactions? and what do they gain by doing these schemes other than increasing their brand value?

you are viewing a single comment's thread
view the rest of the comments

[-] Atemu@lemmy.ml 26 points 1 year ago

I don't know how it works in this case but if a commercial for-profit service is gratis, the general rule of thumb is that you are not the customer but the product.

this post was submitted on 03 Aug 2023

52 points (96.4% liked)

Asklemmy

43908 readers

1096 users here now

A loosely moderated place to ask open-ended questions

Search asklemmy 🔍

If your post meets the following criteria, it's welcome here!

Open-ended question
Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
Not ad nauseam inducing: please make sure it is a question that would be new to most members
An actual topic of discussion

Looking for support?

Looking for a community?

Lemmyverse: community search
sub.rehab: maps old subreddits to fediverse options, marks official as such
!lemmy411@lemmy.ca: a community for finding communities

~Icon~ ~by~ ~@Double_A@discuss.tchncs.de~

founded 5 years ago

MODERATORS