Debit Card Rewards Going Extinct

Banks are making it harder to earn goodies when you use your debit card.  The largest banks are announcing the end of rewards programs, citing regulatory change as the culprit.

When you use your debit card, retailers often pay a fee.  New laws may limit those fees, and banks say that an important source of revenue will dry up.  As a result, checking accounts will get less attractive -- and rewards will be hard to come by.

Erin O'Neil explains that consumers stand to lose some nice benefits, and they're stuck in the middle between regulators and banks.  Learn more about how debit card reward programs are changing.