Is Congress Going to Kill Credit Card Rewards? ( www.nerdwallet.com )

thrawn , 10 months ago

I like that politicians always claim the savings will be passed on to customers. Companies are benevolent and will definitely not pocket the extra 1% they’d save.

Anticorp , 10 months ago

Exactly this. I’m pretty sure the CC companies themselves are behind this legislation. “We wanted to give you perks for using our card, but it’s illegal now. Oh BTW, completely unrelated, your interest rate and annual fees will remain the same. If you don’t like it, then just pay everything off before the annual fee hits again next month. Ta-ta!”