Watch: You lent your Credit Card to your friend to use, and now you got a sign-up bonus of miles or points, or maybe you got 5% cash-back for his purchase, is it considered Ribbis and prohibited? Rabbi Sholom Ber Shuchat of Kolel L'horaah Ma'asis of Crown Heights delivers an in-depth shiur. Video
Watch: You lent your Credit Card to your friend to use, and now you got a sign-up bonus of miles or points, or maybe you got 5% cash-back for his purchase, is it considered Ribbis and prohibited? Rabbi Sholom Ber Shuchat of Kolel L'horaah Ma'asis of Crown Heights delivers an in-depth shiur. Video
You lent your Credit Card to your friend to use, and now you got a sign-up bonus of miles or points, or maybe you got 5% cash-back for his purchase, is it considered Ribbis and prohibited? Or is it permitted?
An in-depth Shiur delivered today in Kolel L’horaah Ma’asis of Crown Heights, by the Rosh Kolel Rabbi Sholom Shuchat, answers these questions.
Make sure to address buying groups and whether it makes a difference if you commit to purchase (and/or the buying group commits to buying from you) before the purchase is made, or not?