Originally Posted by
rajuabju
2) Its going to have negative impacts on rewards programs. Probably not as bad as some, including myself, had feared... but with these caps now, various programs that are deemed "too generous" will need to be adjusted to remain profitable with the banks and CC companies involved.
Possibly but let's assume Visa Infinite cards pay some high 3%+ surcharge. If rewards aren't attractive enough to AT LEAST offset that surcharge, why would anyone ever get a Visa Infinite card again?