
Category: flier-miles
A new bill in Congress is going to ‘kill’ card rewards programs, says United CEO
Scott Kirby thinks lower revenues for Visa and Mastercard will make them pull out of rewards programs. Kevin Dietsch/Getty Images and Nicolas Economou/NurPhoto via Getty Images United CEO Scott Kirby says a new bill in Congress is putting miles programs on the chopping block. The Credit Card Competition Act, proposed by Sen. Dick Durbin, seeks to lower card swipe fees. But Kirby said lower revenues…