This Week In Credit Card News: How A Cut In Swipe Fees May Lower Your Rewards; Credit Cards With A Fragrance

New Bill on Credit Cards Could Wipe Out Rewards Programs: Southwest

Southwest Airlines said a new bill in Congress could “completely end” loyalty rewards programs. It’s taking aim at the Credit Card Competition Act, which seeks to lower credit card fees. Airlines like Southwest say the bill cuts funds from payment networks, who’d be less willing to offer rewards. [Business Insider]