2024: Expect pricier cards, better tech, and lower loan charges.

January 4, 2024
1 min read

In an article published on The Points Guy, Matt Moffitt predicts several trends for credit cards in 2024. These predictions include:

  • Card issuers offering new statement credits with specific partners
  • Increasing fees for annual and authorized user fees
  • More competition in the premium credit card space
  • More restrictions on lounge access
  • Lower interest rates
  • Loyalty programs and credit cards rewarding members for spending
  • Targeted welcome offers
  • Increased use of AI-powered customer service
  • Enhanced credit card security
  • New transfer partnerships for rewards programs

Moffitt advises consumers to choose credit cards that earn transferable points and be prepared for devaluations. He also suggests maximizing statement credits and benefits to get value from annual fees. Moffitt concludes by stating that The Points Guy will review their predictions at the end of the year to see which ones were correct.

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