Monday, January 07, 2019

Rewards Credit Cards

Greetings,
It was only a matter of time.  Consumers figured out the rules surrounding credit cards and rewards to maximize their benefit.  As the Wall Street Journal reports, banks have been cutting back on points and reward card benefits:
http://predator.oldwestbury.edu:2048/login?url=https://search.proquest.com/docview/2162395970?accountid=29096

To be fair, this has been going on for a while.  A number of airlines have changed their redemption rules.  Sometimes you get more travel with your points.  Oftentimes, you can also encounter more fees, increased point requirements, and difficulty locating points to redeem.  That's one reason cash back cards are becoming popular.  It's going to be interesting to see how this all plays out in the future.