I think we would get some value back, potentially even more. Probably hard to quantify anyway. CC rewards are a strategy to limit competition. It makes it hard

I think we would get some value back, potentially even more. Probably hard to quantify anyway. CC rewards are a strategy to limit competition. It makes it harder for new players because merchants don't need them, they need Visa and the other big ones. So the negotiation power is small. You seek for more customers, but you can't convince anyone because you don't have rewards. When competition and choice is limited, you, as a customer, are on the loosing side of the deal. Always.