Agarwal, Sumit; Chakravorti, Sujit; Lunn, Anna - 2010
rewards on credit card spending and debt. Specifically, we study the impact of cash-back rewards on individuals before and … during their enrollment in the program. We find that with an average cash-back reward of $25, spending and debt increases by … card prior to the cash-back program increase their spending and debt more than cardholders with debt prior to the cash …