Why a Visa-Mastercard legal settlement could lead to your rewards credit card getting declined

Visa and Mastercard have proposed a legal settlement in their ongoing dispute with merchants and retailers regarding the fees charged for card acceptance. This settlement could negatively impact consumers, particularly those who use rewards credit cards, as it may lead to more frequent declines of these cards at the point of sale. The outcome of this settlement is significant as it could alter the landscape of credit card usage and rewards programs, affecting both consumers and businesses alike.