Photo: 123RF
Credit card reward schemes are predicted to continue to become less generous, as the Commerce Commission clamps down on card fees.
Since 1 December, domestic Visa and Mastercard payments have been subject to new caps on interchange fees, which are paid to the card issuer for each credit or debit card transaction processed. Caps for foreign-issued cards come in next May.
It is the second stage of changes to the rules for these fees.
Continue Reading on RNZ
This preview shows approximately 15% of the article. Read the full story on the publisher's website to support quality journalism.