Every year tens of millions of Americans take flights to visit family or go on a quick vacation. And frequent flyer points help fund many of these trips.in Congress. If Durbin and Marshall’s bill were to pass, the way your credit card works and the way your rewards programs work would be dramatically changed – and potentially disappear the same way debit card reward programs disappeared when similar mandates were put on your debit card.
Without the offering of these perks, many Americans would lose the ability to afford additional travel – a loss that would come as a devastating blow to the American economy. With the loss of airline credit cards, the travel and tourism industry would take a $23 billion hit. This would lead to the loss of thousands of jobs. Cities and states that thrive on tourism would suffer. The last thing our country’s economy needs is a hit to a trillion-dollar industry.