"Credit Card Rewards at Risk: Visa and Mastercard's Fee Settlement Impact"

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Source: Yahoo Finance
"Credit Card Rewards at Risk: Visa and Mastercard's Fee Settlement Impact"
Photo: Yahoo Finance
TL;DR Summary

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.

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