ST Alpha - "will credit card reward be a thing of the past if Durbin has his way? -- (link)" (Reading a Post)

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will credit card reward be a thing of the past if Durbin has his way? -- (link)

Posted by St. Epiphany (aka Epiphany) Sep 1 '22, 12:58

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I get what they are saying about only 4 companies but will it cut out the churners and people who get cash back? (thefinancialbrand.com)

Responses:

bastards! -- nm - oblique Sep 1, 13:10
The article mentions Discover and Amex but doesn't explain why there's a duopoly with four systems. -- nm - Max Sep 1, 13:07 1
- They are each a single company? -- nm - Spawn Sep 1, 13:08
It’s always fascinating to hear about a monopoly (or duopoly) when it’s absolutely not one. There are 4 major credit cards. - Qale Sep 1, 13:05 1
- typically when you sign up with visa or MC you get service for both through the one bank, but disc n amx you have to deal separately pay more - zeitgeist Sep 1, 16:48

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