Colorado's Credit Card Fee Ban Threatens Beloved Rewards Programs
A bill aiming to ban credit card fees in Colorado has sparked concern among consumer groups and businesses. The legislation, known as SB 26-134, has already passed the state House of Representatives and now awaits a final vote before reaching Governor Jared Polis’ desk. Critics argue the move could strip away popular rewards programmes that many residents rely on for travel and everyday spending. The proposed law would stop businesses from charging the 1.5-3.5% fee they currently pay when customers use credit cards. While the change may seem minor, opponents warn it could disrupt the rewards system that benefits millions of Coloradans.
A recent poll found that 80% of state residents want to keep their credit card rewards, particularly for travel perks. Nearly 85% have used their rewards in the past two years, and 78.5% would consider switching cards if rewards were cut or removed. The economic impact is also significant—airline credit cards alone brought in over $1.2 billion for Colorado in 2024, with more than 740,000 travellers visiting the state using reward points. Alleigh Marré, Executive Director of the American Parents Coalition Action, claims the bill would harm families who depend on these benefits. She has urged Coloradans to contact Governor Polis and oppose the legislation. Chris Sununu, President and CEO of Airlines for America, echoed these concerns, stressing that the current payment system offers choice and convenience for both consumers and businesses. The bill is now in its final stages, with a third reading and vote pending before it reaches the governor’s office.
If signed into law, SB 26-134 would remove the fees that help fund credit card rewards. This could force changes to programmes that many Coloradans use regularly. The outcome will depend on Governor Polis’ decision in the coming weeks.
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