Credit Card Rewards: Love Them or Hate Them, Expect them to Stay

Credit Card Rewards: Love Them or Hate Them, Expect them to Stay

Credit Card Rewards: Love Them or Hate Them, Expect them to Stay

The American Bankers Association’s new report on credit card rewards dispels a few interesting rumors about credit card rewards. Instead, the ABA highlights six key points:

The first issue is an old topic in payments.

Debit cards lost their reward programs when the Durbin Amendment slashed interchange. But, who benefitted?

As for me, I have my favorite reward cards. The American Express Blue Preferred card can not be beaten for groceries, with its 6% bonus.  It is always worth juggling a Chase Freedom card and a Discover iT card, based on which spend category revolves. And for the Citi American Airlines card, it will soon come out of the family safe as traveling gets back into vogue.

Overview provided by Brian Riley, Director, Credit Advisory Service at Mercator Advisory Group

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