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3 Ways a Major Credit Card Industry Settlement Could Affect You

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Thoughtful smiling man holding a credit card sitting on the couch at home doing online shopping or planning to use credit card rewards
Krakenimages.com / Shutterstock.com

Every time you swipe your credit card at the store, the store pays a small fee to your credit card company for your business — and these fees, called interchange fees or swipe fees, have been at the center of a big debate for decades. At the end of March, Visa and Mastercard reached a “landmark settlement” after “nearly 20 years of litigation” — and, if approved, it could change the way…

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