"Credit Card Rewards at Risk: Visa and Mastercard's Fee Settlement Impact"
TL;DR
Visa and Mastercard have settled a long-standing antitrust case, which will lower merchant swipe fees for card transactions and save businesses an estimated $30 billion in fees. While this is expected to benefit small businesses, there are concerns about how it may impact credit card rewards, as rewards cards typically have higher swipe fees. Experts are watching to see if this settlement will lead to changes in the rewards and perks offered to cardholders.
- Visa, Mastercard fee settlement may impact credit card rewards Yahoo Finance
- Visa, Mastercard settle long-running antitrust suit over swipe fees with merchants NPR
- Visa and Mastercard agree to $30 billion settlement that will lower merchant fees CNN
- Credit-card reward programs impacted by new agreement Business Insider
- Visa and Mastercard's deal to cut fees is a hollow consumer victory Financial Times
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