Harvard Study Reveals Credit Card Swipe Fees Transfer $30 Billion Annually From Cash Users To Rewards Cardholders

A Harvard Business School study found that interchange fees transfer approximately $30 billion annually from cash and debit users to credit card rewards holders. The National Retail Federation estimates the average household pays an extra $1,200 per year due to rising swipe fees.

By Chris Morris Thu, June 4, 2026 at 12:30 PM GMT+3 4 min read · Yahoo Finance ·

Harvard Study Reveals Credit Card Swipe Fees Transfer $30 Billion Annually From Cash Users To Rewards Cardholders

Topics: credit cards economic impact swipe fees

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