> My favorite example is expense-tracking software. > some angel investor . . . said, "what if we issued our own credit cards and then kept all the swipe fees for ourselves?" [in lieu of a monthly fee] > employees were strong-armed into . . . those corporate cards . . . even if it meant losing out on literal thousands of dollars in cash back and rewards from their personal cards So the employee should be able to bene…
If a company decided to sign up for corporate cards directly such that _they_ were reaping all those rewards, that'd be perfectly fine and reasonable and it happens all the time. But as it is, employers are giving away the store by singing up for cards issued by these apps—and the software landscape is such that they don't have a ton of other options.