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Video Outline:
0:00 Intro
0:19 About the Bill
4:32 Past Examples
4:53 What to Do Next
5:45 How to Stop The Bill
6:53 Outro
21 comments
put a 3k purchase on my credit card (i have the funds, just wanted the points) = $25 gift card. How much are you spending that this type of reward system is saving you that much money? im not going to pretend like its not possible, likely you get a lot out of various reward programs, but for the average person – this system is designed to incentivize more spending (aka accumulate debt).
Bro if they do this their is no point of paying a annual fee
Thanks Biden 😐
They don't like credit card rewards because they can't tax the points they can't tax benefits. If I build 600,000miles and I start using them it's probably not taxed. Those politicians really want that billions in points.
Leave it to those old and corrupt dinosaurs to mess things up more than it already is.
We should march to Washington and protest and get out rights back.
Democrats again, not surprised
The card companies can also alter how much each point is worth when redeeming.
Oh hey, dem rot as always
Credit card fees also make prices go up since that cost to the business gets passed on to the consumer
Great video! Keep more like this coming up. Understanding fees and how impacts benefits was enlightening
Very counterproductive…we shop more when reward points are offered…America is a consumer based economy which depends on consumer debt.
Great vid
How can they take away cashback because thats how the banks gets customer
That's why it is important that during election time you go and vote so that those crooks can't win and rob you after.
Last I heard it was most likely not going to pass. There wasn't alot of support for it so they tried to hide it in the defense spending bill and it failed.
The idea is somewhat right especially for small businesses. If there was a way that can be aim to only help them I will totally be for it but the way it's like now no way
This is just going to mainly affect the consumers… Durbin is anti-America. The economy is already rough for us right now, hopefully Congress pushes back
If that happens I will close all my cards
They really hate the american citizens
29k views on this video seems a little fishy