316: Is This The End of Traveling with Credit Card Rewards?

In this episode, Richard Hunt, Executive Director of the Electronic Payments Coalition, joins Adam to discuss the potential effects of the Durbin bill on credit card rewards and the tourism industry. Richard highlights his background in politics and banking and the mission of his coalition to maintain a secure and efficient payment system in The United States. He raises concerns about the bill's impact on credit access, rewards, fraud rates, and the lack of evidence for consumer savings. They explore the bill's implications for destination marketing funding and small businesses, urging listeners to take action against it. “I was with Elliot [Summey], who’s head of the Charleston airport, and he said most people flying into Charleston stay three nights, and some hundred and fifty thousand people fly into Charleston each year using reward points. Those would go away. A hundred and fifty thousand people may not travel to Charleston, you know the domino effect, but certainly, if reward points were cut, you’re going to see spending go down.” -Richard Hunt Hands Off My Rewards If you’re enjoying the show, please leave us a rating and review on Apple Podcasts! Subscribe to our newsletter! The Destination Marketing Podcast is a part of the Destination Marketing Podcast Network. It is hosted by Adam Stoker and produced by Relic. If you are interested in any of Relic’s services,  please email [email protected] or visit www.relicagency.com. To learn more about the Destination Marketing Podcast network and to listen to our other shows, please visit www.thedmpn.com. If you are interested in joining the network, please email [email protected].