U.S. Supreme Court rules in favour of Amex

The Supreme Court ruled Monday that the card company’s “anti-steering” rules do not violate federal antitrust law. The rules prevent merchants from offering you discounts or incentives to use cards with lower "swipe" fees, like Visa or Mastercard...


All in, swipe fees generate more than $50 billion a year, according to the Justice Department.
“Swipe fees are the engine that powers the whole credit card rewards game,” Matt Schulz, a senior industry analyst at CreditCards.com, said in a statement.
“If those fees had taken a hit, which was a real possibility if the ruling had gone against Amex, it would've been great news for merchants' bottom line but almost certainly would have marked the end of the golden era of credit card rewards