Quote:
Originally Posted by Ksyrup
This is all (eventually) tied to credit card benefits/rewards. There is a push to limit credit card transaction fees which would effectively end credit card benefits and the primary way credit card companies and banks market cards. There will be no more 10X cards, no miles, no card issuer-branded travel portals to buy through, etc.
I will be very sad if that happens, given that I've had many a trip nearly entire paid for with points and miles and am currently planning an 8-10 day trip to the UK next year that I may not have to spend more than $1000-1500 on a hotel and business class flights.
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You'd make more just paying 2% less for everything in your daily life.
They're just a middleman taking a cut and offering nothing in return to society. The more middlemen we can cut out, the better it is for both consumers and small businesses.