Editor’s note: This story is continually updated with new information. Last year, a pair of senators proposed new federal legislation that has the potential to significantly alter — if not completely eliminate — the world of credit cards that we know today. Today, they reintroduced the Credit Card Competition Act — with additional support from
Chase, Amex spending millions on points and miles — what it means for the future of loyalty programs
The ongoing coronavirus pandemic has had an unprecedented effect on the travel industry, driving new bookings close to zero and sending cancellations skyrocketing. As such, airlines and hotels are faced with a liquidity crisis unlike anything they’ve ever seen. Many are turning to government bailouts to help weather this storm, but a number of programs