Inequality / Cross-sector

Andrea Presbitero on Rewards Cards and Wealth Inequality

Andrea Presbitero

September 7, 2023

Istock by Getty Images / Pgiam

In This Episode

Credit cards that offer rewards like travel discounts seem a good idea, but rewards cards can be costly for anyone who keeps a running balance. So should there be rules around who gets one? IMF economist Andrea Presbitero is coauthor of a study that looks at the distributional impact of rewards cards. In this podcast, Presbitero says while the high interest rates and penalties associated with these cards can widen wealth inequality, limiting access is not the answer. Transcript

Read the paper

Andrea Presbitero is a Deputy Division Chief in the Research Department

Join Us on Every Major Platform

Latest Podcasts


Bruce Edwards

International Monetary Fund

Bruce Edwards produces the IMF podcast program. He's an award-winning audio producer and journalist who's covered armed conflicts, social unrest, and natural disasters from all corners of the world. He believes economists have an important role in solving the world's problems and aspires to showcase their research in every IMF podcast.