Banks are focusing on travel rewards cards as an alternative to traditional accounts thanks to the Durbin Amendment’s caps on debit interchange fees, notes BankCreditNews.com.
Some banks are offering more miles or points to customers who sign up for rewards card programs, but force customers to spend a certain amount before becoming eligible for such rewards.
U.S. Bank, JP Morgan Chase, Citi and Bank of America are four banks who are all retooling their travel rewards card programs.
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