Story perspectives

Credit Card Competition Act Threatens Rewards Programs, Experts Warn

2/17/2026

Summary

Story summary

The reintroduction of the Credit Card Competition Act would require U.S. credit cards to support two networks, letting merchants choose cheaper methods and potentially reducing rewards.
Nearly 75% of Americans use credit cards for rewards, generating revenue for Delta Air Lines.
Brian Kelly, founder of The Points Guy, warns of existential crisis for rewards programs.
These laws aim to lower fees but could harm the loyalty ecosystem valued by consumers.

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Story summary

The reintroduction of the Credit Card Competition Act would require U.S. credit cards to support two networks, letting merchants choose cheaper methods and potentially reducing rewards.
Nearly 75% of Americans use credit cards for rewards, generating revenue for Delta Air Lines.
Brian Kelly, founder of The Points Guy, warns of existential crisis for rewards programs.
These laws aim to lower fees but could harm the loyalty ecosystem valued by consumers.