Schuh, Scott; Shy, Oz; Stavins, Joanna - 2010
Merchant fees and reward programs generate an implicit monetary transfer to credit card users from non-card (or "cash … average, each cash-using household pays $149 to card-using households and each card-using household receives $1,133 from cash … and card rewards would likely increase consumer welfare. -- Credit cards ; cash ; merchant fees ; rewards ; regressive …