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Commentary: Phil Kerpen - Credit card rewards are in political peril Phil Kerpen FacebookTwitterEmail The same politicians who mostly killed free checking and debit card rewards programs through government price controls are setting their sights on credit cards – and that means miles, cash back, and other rewards are now in jeopardy. That’s a potential political earthquake, because a recent study found that 84 percent of all credit cards are rewards cards, and 70% of cardholders who make less than $20,000 a year have rewards cards. Many small businesses also rely on rewards cards – especially cash-back cards. Those individuals and small businesses need to engage quickly to stop efforts underway by Sen. Dick Durbin, D-Illinois, to build support from his colleagues to extend his 2010 price-control and network-routing regulations on debit cards to credit cards.

United statesPhil kerpenDick durbinUniversity of pennsylvaniaBoston universityDodd frank actDurbin amendmentRichmond federalAmerican commitmentஒன்றுபட்டது மாநிலங்களில்டிக் டர்பின்பல்கலைக்கழகம் ஆஃப் பென்சில்வேனியாபோஸ்டன் பல்கலைக்கழகம்டாட் வெளிப்படையான நாடகம்டர்பின் திருத்தம்ரிச்மண்ட் கூட்டாட்சியின்