Travel

How 1 state may upend how you use your credit card - and what you can do about it

28 sec read6 views0 listens

Illinois is set to implement the Interchange Fee Prohibition Act in July 2026, which would prohibit financial institutions from collecting interchange fees on sales tax and gratuities, potentially complicating transactions and burdening small businesses without significantly benefiting consumers. This state-level legislation could disrupt the simplicity of credit card usage and rewards programs, adding friction to a streamlined payment process that currently protects consumer data and facilitates reward earnings.

Read the full article at The Points Guy

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