Credit Card Industry Legislation Forcing Credit Card Issues to Reduce Rewards
… the proceeds from the fees to finance their rewards, so any haircut in those charges would trim loyalty programs, analysts said. For customers, that means having to use their cards more often to earn the points they need to fly somewhere, or get cash back.”
One expert, Scott Valentin, an analyst at FBR Capital Markets said that rewards could become 10 or 15 percent more expensive as a result of the forced decrease in fees. Just last year credit card companies raised interchange …
Tags: Business Credit card Financial services Loyalty program



