Credit Card Rewards Are Safe for Now

Yes, your credit card rewards are safe for now, but are you maximizing points and miles?

A soccer goalie is leaping in the air and has just caught the ball.
(Image credit: Getty Images)

Credit card rewards are safe for now, so consumers should consider how to get the most out of rewards credit cards. Kiplinger's Emma Patch sat down with Ted Rossman, senior industry analyst for and Bankrate, to get an update on legislation and advice for maximizing your rewards.

Merchants pay “swipe fees” to transaction networks such as Mastercard and Visa each time a customer pays with a credit card. The Credit Card Competition Act, which is designed to lower swipe fees by giving merchants more choices among networks, was sidelined over the summer, but supporters say they’ll continue to push for passage. How would this legislation affect consumers? 

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Emma Patch
Staff Writer, Kiplinger's Personal Finance

Emma Patch joined Kiplinger in 2020. She previously interned for Kiplinger's Retirement Report and before that, for a boutique investment firm in New York City. She served as editor-at-large and features editor for Middlebury College's student newspaper, The Campus. She specializes in travel, student debt and a number of other personal finance topics. Born in London, Emma grew up in Connecticut and now lives in Washington, D.C.