Republicans and Democrats are joining forces to pass a bill that could have serious repercussions for credit card holders.
Thursday, September 28, 2023 Image Credit: iStock Economics Credit Credit Cards Rewards Banking Retail
Once a year, usually late in February, my wife’s face brightens as she thumbs through our mail.
“We got our Costco rewards check,” she beams.It’s not a ton of money, maybe $1,000. And the money is not actually coming from Costco, but from Visa, its credit card partner. Still, a $1,000 check is better than a kick in the teeth—and a merrier sight than the bills and junk mail we usually receive.This is why I was alarmed at recent news that credit card rewards could soon go the way of the dodo.The threat comes from the benign-sounding Credit Card Competition Act, a piece of legislation that failed to pass in 2022 but is once again being pushed by […]
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