Credit cards come with all types of rewards currently, but do these programs actually help those with more money? Aaron Klein for the Los Angeles Times explains that since luxury, high-end credit cards come with higher swipe fees (the money charged to merchants every time a card is used), those with more money to spend with these types of credit see a much higher benefits and cost merchants more. He goes as far as suggesting that Congress consider legislation for rewards cards or make these perks taxable income.
