Skip to content
RDP 2018-11: Consumer Credit Card Choice: Costs, Benefits and Behavioural Biases
Equation
n
e
t
b
e
n
e
f
i
t
(
$
)
=
v
a
l
u
e
o
f
r
e
w
a
r
d
s
p
o
i
n
t
s
−
a
n
n
u
a
l
f
e
e
+
v
a
l
u
e
o
f
i
n
t
e
r
e
s
t
−
f
r
e
e
p
e
r
i
o
d
−
i
n
t
e
r
e
s
t
c
h
a
r
g
e
s