Credit Card Swipe Fees Are Going Down. Are Points Going With Them?
The largest credit card companies in the United States reached an agreement with merchants this past week to reduce the so-called swipe fees retailers pay for accepting credit card payments, potentially saving the retailers $30 billion. These fees also help fund the credit card rewards programs that many travelers redeem for things like free flights and hotel stays, leading points hawks to wonder: Are loyalty programs at risk? Here’s what we know so far about the changes. Sign up for The Morning