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Credit Card Deal May Aid Some Consumers

Tuesday, October 5, 2010 - 6:29 AM
The Justice Department on Monday sued Visa, MasterCard and American Express for anti competitive practices, but a proposed settlement was reached with Visa and MasterCard. According to this article at, some consumers may benefit:
Under the terms of the proposed settlement, merchants could offer consumers an immediate discount or rebate for using a particular type of payment, a particular credit card network, or a low-cost card within that network.

However, consumers who are heavy users of credit cards with lucrative reward programs may lose out.
Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
Rep Points: 125,600