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The Independent UK
The Independent UK
Business
Jasmine Fernández

Banks are cancelling credit cards for money influencers who work their points systems too hard

For years, banks encouraged customers to chase sign-up bonuses and travel perks. Now, credit card issuers are closing accounts for some customers and social media creators who push the system too far.

The pushback comes as banks try to curb high rewards costs and stop customers from finding loopholes to accumulate massive point balances without using the cards for normal spending, the Wall Street Journal reports.

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