FlyerTalk Forums - View Single Post - The end of the "Free Ride" for credit card holders with good credit?
Old May 19, 09, 10:09 am
  #3  
biggestbopper
In memoriam
 
Join Date: Jan 2006
Posts: 4,020
Although discussion of changes in bonus programs is met with much horror on FT--and rightfully so, since we have been cleaning up like bandits. (Remember when we had to PAY for first class tickets!)

But, unfortunately for us, change is coming very rapidly. The banks are going to have to cut way back on bonuses because interchange and merchant fees are going to go way way down. And, that's where the money for the bonuses comes from.

It never made much sense for the poorer card users who carry most of balances but get few of bonuses to subsidize big miles bonuses to the mostly higher income card users. And, it will end here. The Aussies cut the interchange WAY back with pretty much these results.

Sad, but true.
biggestbopper is offline