Anatomy of a credit card rewards program(bitsaboutmoney.com)
1220 points by disgruntledphd2 | 705 comments
A Bits about Money essay by Patrick McKenzie (patio11) explaining how credit card rewards programs work and are funded.
#patrick-mckenzie on Hacker News
3 stories tagged patrick-mckenzie, newest first.
Seeing like a bank(bitsaboutmoney.com)
517 points by arkadiyt | 370 comments
Bits about Money essay by Patrick McKenzie, published November 2023, on how banks perceive and process the world and their customers.
Credit card debt collection(bitsaboutmoney.com)
655 points by got-any-grapes | 368 comments
Bits about Money essay by Patrick McKenzie on how credit card debt collection works as the waste stream of consumer finance.