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The Credit-Card Rule That Powers Rewards Cards Just Got Broken https://www.wsj.com/finance/visa-mastercard-reach-settlement-with-merchants-to-lower-fees-c5fde9b7 > Premium credit-card users are in for a big surprise: Their JPMorgan Chase Sapphire Reserve, and many other rewards cards, could soon be rejected by merchants. > No longer would merchants have to “honor all cards,” instead they can reject credit cards that charge merchants bigger fees for each transaction, a concession Visa, Mastercard and banks have balked at for ages Looking forward to chaos at the Walmarts :) https://stacker.news/items/1279954