Impact of Credit Card Rewards on Americans

Summer brings increased spending for Americans, many use credit card rewards to offset costs. Proposed credit card legislation by Senators Durbin and Marshall threatens rewards programs that are essential for low-to-moderate-income households. Airline credit cards are crucial for travel affordability, supporting millions of jobs and economic activity.

Credit Card Rewards and Government Regulation

The Biden administration's CFPB and DOT held a hearing to scrutinize credit card rewards, with senators pushing for new mandates. The Electronic Payments Coalition defends the value and accessibility of reward programs, citing consumer benefits and increased earnings.

Impact of Rising Prices on Credit Card Rewards

The article discusses how rising prices are affecting Americans and how credit card rewards help low-to-moderate-income households save money. It criticizes Senators Durbin and Marshall for proposing legislation that could restrict these rewards programs.