Rewards Credit Cards May Soon Not Be Accepted Everywhere | NBC Nightly News

AND AIRLINES MILES BUT SOON YOU MAY NOT BE ABLE TO USE IT AT BIG SOON YOU MAY NOT BE ABLE TO USE IT AT BIG NAME RETAILERS ABLE TO USE IT AT BIG NAME RETAILERS

JO LING KENT EXPLAINS NAME RETAILERS JO LING KENT EXPLAINS >> YOU EARN UNLIMITED JO LING KENT EXPLAINS >> YOU EARN UNLIMITED DOUBLE MIEMTLES

>> YOU EARN UNLIMITED DOUBLE MIEMTLES >> 1% WHEN YOU BUY AND DOUBLE MIEMTLES >> 1% WHEN YOU BUY AND PAY >> 1% WHEN YOU BUY AND PAY >> YOU CAN BOOK ANY PAY

>> YOU CAN BOOK ANY AIRLINE, ANY TIME >> YOU CAN BOOK ANY AIRLINE, ANY TIME >> Reporter: SOON THE AIRLINE, ANY TIME >> Reporter: SOON THE POPULAR CREDIT CARDS >> Reporter: SOON THE POPULAR CREDIT CARDS WITH INENTICING REWARDS POPULAR CREDIT CARDS WITH INENTICING REWARDS MAY NOT BE ACRE WITH INENTICING REWARDS MAY NOT BE ACRE CEMENTED EVERYWHERE MAY NOT BE ACRE CEMENTED EVERYWHERE YOU WANT TO BE CEMENTED EVERYWHERE YOU WANT TO BE

TARGET, AMAZON AND YOU WANT TO BE TARGET, AMAZON AND HOME DEPOT HAVE BEEN TARGET, AMAZON AND HOME DEPOT HAVE BEEN FIGHTING FOR THE RIGHT HOME DEPOT HAVE BEEN FIGHTING FOR THE RIGHT TO NOT ACCEPT SOME FIGHTING FOR THE RIGHT TO NOT ACCEPT SOME VISA AND MASTERCARDS TO NOT ACCEPT SOME VISA AND MASTERCARDS AND THEIR LONG-RUNNING VISA AND MASTERCARDS AND THEIR LONG-RUNNING LAWSUIT AGAINST THE AND THEIR LONG-RUNNING LAWSUIT AGAINST THE CARD COMPANIES AND LAWSUIT AGAINST THE CARD COMPANIES AND MAJOR BANKS MAY BE CARD COMPANIES AND MAJOR BANKS MAY BE CLOSE TO A RESOLUTION MAJOR BANKS MAY BE CLOSE TO A RESOLUTION THE ISSUE IS REWARDS CLOSE TO A RESOLUTION THE ISSUE IS REWARDS CARDS OFTEN CARRY HIGH THE ISSUE IS REWARDS CARDS OFTEN CARRY HIGH INTERCHANGE OR SWIPE CARDS OFTEN CARRY HIGH INTERCHANGE OR SWIPE FEES THEY HAVE TO PAY

INTERCHANGE OR SWIPE FEES THEY HAVE TO PAY HOME DEPOT TELLING NBC FEES THEY HAVE TO PAY HOME DEPOT TELLING NBC NEWS IN A STATEMENT, HOME DEPOT TELLING NBC NEWS IN A STATEMENT, THE PROBLEM WITH THE NEWS IN A STATEMENT, THE PROBLEM WITH THE HIGH INTERCHANGE FEES THE PROBLEM WITH THE HIGH INTERCHANGE FEES IS THE END RESULT IS HIGH INTERCHANGE FEES IS THE END RESULT IS HIGHER PRAISES FOR ERER PRICES IS THE END RESULT IS HIGHER PRAISES FOR ERER PRICES CONSUMERS HIGHER PRAISES FOR ERER PRICES CONSUMERS 92% OF ALL CREDIT CARD CONSUMERS

92% OF ALL CREDIT CARD PURCHASES IN THE US 92% OF ALL CREDIT CARD PURCHASES IN THE US ARE MADE WITH REWARDS PURCHASES IN THE U

S ARE MADE WITH REWARDS CARDS AND CURRENTLY ARE MADE WITH REWARDS CARDS AND CURRENTLY CREDIT CARD COMPANIES CARDS AND CURRENTLY CREDIT CARD COMPANIES DICTATE STORES MUST CREDIT CARD COMPANIES DICTATE STORES MUST HONOR ALL CARDS FROM DICTATE STORES MUST HONOR ALL CARDS FROM VISA AND MASTERCARD HONOR ALL CARDS FROM VISA AND MASTERCARD REGARDLESS OF THE VISA AND MASTERCARD REGARDLESS OF THE PERKS REGARDLESS OF THE PERKS >> THE RAMIFICATIONS PERKS >> THE RAMIFICATIONS ARE HUGE

>> THE RAMIFICATIONS ARE HUGE IF YOU GO INTO A ARE HUGE IF YOU GO INTO A RETAILER AND CAN’T USE IF YOU GO INTO A RETAILER AND CAN’T USE THE CREDIT CARD THAT’S RETAILER AND CAN’T USE THE CREDIT CARD THAT’S IN YOUR WALLET, THAT THE CREDIT CARD THAT’S IN YOUR WALLET, THAT WILL BE VERY IN YOUR WALLET, THAT WILL BE VERY FRUSTRATING WILL BE VERY FRUSTRATING >> Reporter: VISA AND FRUSTRATING

>> Reporter: VISA AND MASTERCARD SAY >> Reporter: VISA AND MASTERCARD SAY CONSUMERS SHOULD BE MASTERCARD SAY CONSUMERS SHOULD BE ABLE TO PAY FOR CARDS CONSUMERS SHOULD BE ABLE TO PAY FOR CARDS WITHOUT RESTRICTION