Credit card rewards are becoming essential for young Americans who want to afford luxury experiences, creating a culture of perks-focused spending as costs rise.
Desai described credit card perks as a form of points arbitrage, allowing him to maximize benefits from everyday spending and group transactions.
According to an Ipsos poll, 71% of adults have a rewards credit card, with millennials increasingly using them to afford experiences they could not otherwise.
Many young Americans, tempted by luxury rewards, are embracing high-fee credit cards for perks, shaping a new generation's approach to finance.
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