This week’s biggest travel news was not about travel, but credit cards. Two senators with virtually nothing in common — Bernie Sanders and Josh Hawley — introduced a bill to limit credit card interest rates to 10 percent.
It’s big news for travel because credit cards are big in travel. Points-earnings affinity cards are so big that they’re driving airline profitability (the inside joke is that they’re no longer airlines, but credit card companies with planes).
A cap on credit card interest rates? Is this a good idea?
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