I am a constituent and one of 30 million airline credit cardholders who uses and values my U.S. airline credit card.
Using an airline credit card allows me to accumulate airline points every time I swipe my card on everyday purchases like groceries and gas. Accrued points can then be used for free flights, vacations and other valuable benefits.
These cards have a meaningful impact on the U.S. economy. In fact, rewards earned from airline credit cards paid for 15 million domestic visitor trips that supported $23 billion in economic activity in 2022.
Unfortunately, some lawmakers on Capitol Hill are trying to eliminate the benefits that these popular co-branded credit cards bring to consumers and economies across the country.
The Credit Card Competition Act of 2023 (S. 1838/H.R. 3881) would eliminate consumer choice over which network credit transactions are routed, increasing complexity and confusion. The legislation would unnecessarily increase the cost associated with participating in these rewards programs, threatening the existence of not only the airline rewards points that enable millions of trips for Americans every year – but all credit card rewards programs that cardholders have come to value. The Federal Reserve estimates that 84% of Americans have some sort of rewards credit card.
Do not support this harmful and unnecessary bill. Please oppose the Credit Card Competition Act and protect my points!
