Banks Clamp Down on Award Credit Cards as Points Community Contracts
Photo Credit: Chase Bank
Skift Take
The era of enormous point bonuses on credit cards may be drawing to a close.
Airline loyalty programs are contracting thanks to a stronger and more profitable industry, resulting in smaller partner programs in stride. Most notably, the credit card industry that uses points as a signup or purchasing incentive is slowly starting to scale back, evident from recent movement from Chase bank.
According to Doctor of Credit, the bank is starting to apply a "5/24" rule to a wider variety of its credit cards,
