Why Big Brands Like Macy’s and Home Depot Incentivize You to Use Their Credit Card—and What You Can Do Instead
Big brands like Macy’s and Home Depot have a clever strategy: they offer store-branded credit cards with enticing discounts, rewards, and perks. Why? Because it saves them money. Every time you use their card instead of a third-party credit card, they avoid paying processing fees of 2-4%. For them, it’s a win-win: lower costs and loyal customers. But for smaller… Read More »Why Big Brands Like Macy’s and Home Depot Incentivize You to Use Their Credit Card—and What You Can Do Instead