Credit card rewards programs might be on the chopping block in Congress. To start off this episode, Sean Pyles and Liz Weston talk with a credit card Nerd about what’s happening and what it might mean for your credit card rewards.

Then Sean is joined by personal finance Nerd Kim Palmer to answer a listener’s question about when to cancel a luxury credit card.

To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email podcast@nerdwallet.com.

Timestamps:

This Week in Your Money segment: 0:00 - 11:29

Money Question segment: 11:30 - 28:08

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The End of Credit Card Rewards, and When to Cancel Luxury Credit Cards