A Settlement in a 20-Year Legal Fight Could Make it Harder to Use Your Rewards Credit Card

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• 00:03

  Got one of those rewards credit cards?

• 00:05

  Well, merchants could stop accepting them.

• 00:08

  We're definitely entering a new era of credit card rules that could impact most,

• 00:16

  the vast majority of credit cards with rewards programs out there.

• 00:22

  Plus,

• 00:22

  there's a possible end to the government shutdown that has Democrats furious at defectors within their own party.

• 00:29

  And Hollywood may be struggling to bounce back after the pandemic, but IMAX is booming.

• 00:35

  It's Monday, November 10th.

• 00:37

  I'm Alex Osela for The Wall Street Journal.

• 00:39

  This is the PM edition of What's News,

• 00:42

  the top headlines and business stories that move the world today.

• 00:48

  Do you have one of those premium rewards cards like the JP Morgan Chase Sapphire Reserve?

• 00:53

  Well, stores could soon be rejecting them.

• 00:56

  That's because of a settlement between merchants and Visa and MasterCard in a legal fight over credit card swipe fees that dates back two decades.

• 01:04

  Ana Maria Andriotis, who covers the banking sector for the journal,

• 01:07

  is here to talk about what this deal means for merchants, banks, and the rest of us.

• 01:12

  So Ana Maria,

• 01:13

  should consumers be worried that these popular credit cards won't be accepted in a lot of places?

• 01:18

  Possibly.

• 01:19

  And I say that because it's a complicated question.

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