{"id":7305,"date":"2024-01-04T15:32:21","date_gmt":"2024-01-04T15:32:21","guid":{"rendered":"https:\/\/mer.tours\/our-2024-credit-card-predictions-higher-fees-lower-interest-rates-and-superior-technology\/"},"modified":"2024-01-04T15:32:21","modified_gmt":"2024-01-04T15:32:21","slug":"our-2024-credit-card-predictions-higher-fees-lower-interest-rates-and-superior-technology","status":"publish","type":"post","link":"https:\/\/travelaffiliatewebsite.com\/mer\/our-2024-credit-card-predictions-higher-fees-lower-interest-rates-and-superior-technology\/","title":{"rendered":"Our 2024 credit card predictions: Higher fees, lower interest rates and superior technology"},"content":{"rendered":"

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With 2023 behind us, it’s time for our annual predictions for what the world of credit cards and rewards will bring in the year ahead.<\/p>\n

The good news? Enhanced technology, new premium credit cards and more transfer partners. The bad? Increasingly difficult-to-use statement credits and restrictions on lounge access.<\/p>\n

Furthermore, Congress may continue pushing the Credit Card Competition Act<\/a> \u2014 either as a stand-alone bill or as an amendment to other proposed pieces of legislation. This could negatively affect the rewards ecosystem and ultimately cost consumers, so it’s something we’re watching closely.<\/p>\n

Related: Here’s why your credit card perks could be going away<\/a><\/strong><\/p>\n

Let’s dive into 10 trends to expect from your points and miles with our 2024 credit card predictions.<\/p>\n

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Credit card or coupon card?<\/h2>\n

In 2024, we predict that card issuers will continue to offer new statement credits with specific partners \u2014 often split out into monthly, quarterly or biannual (every six months) chunks.<\/p>\n

American Express<\/a> is the main culprit of this hard-to-maximize trend, with a recent example being the quarterly flight and hotel credits introduced to Hilton cobranded cards<\/a> in October last year. However, Citi<\/a> got in on the action in 2023 as well, adding a variety of new statement credits<\/a> to the Citi\u00ae \/ AAdvantage\u00ae Executive World Elite Mastercard\u00ae<\/a><\/span> (see rates and fees<\/a>).<\/p>\n

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