Im guessing car payments, rent and mortgage are 2 of the biggest expenses that come directly out of peoples bank accounts every month. I get why they cant be paid via credit card in a traditional sense, but in a world where Visa and Mastercard are more open to innovation, what if a company came together to qualify people and charge them nothing to pay via a credit card / cash card somehow that would earn them rewards. The company would need to take a spread of the transaction fee and the loan provider would need to agree to a small transaction fee, which they could technically pass on to the customer in disguise. The customer would likely not care as much if they are getting lots of rewards making it worth it..
Entreprenur
Im guessing car payments, rent and mortgage are 2 of the biggest expenses that come directly out of peoples bank accounts every month. I get why they cant be paid via credit card in a traditional sense, but in a world where Visa and Mastercard are more open to innovation, what if a company came together to qualify people and charge them nothing to pay via a credit card / cash card somehow that would earn them rewards. The company would need to take a spread of the transaction fee and the loan provider would need to agree to a small transaction fee, which they could technically pass on to the customer in disguise. The customer would likely not care as much if they are getting lots of rewards making it worth it..