Credit card rewards boost spending: Chicago Fed

chicago-federal-reserve

A Chicago Federal Reserve paper published on Friday examines the impact of cash-back rewards from credit cards on spending and debt accumulation in the United States.

Sumit Agarwal, Sujit Chakravorti, and Anna Lunn, the paper's authors, use statements from a large US financial institution to explore the impact of cash-back rewards on credit card spending, debt accumulation, and overall credit bureau balances.

Agarwal, Chakravorti and Lunn find evidence that cash-back rewards positively and

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.