Credit-card rewards programs reduced

Companies scale back cash-back awards and other features to cut costs. But, an expert says it is unlikely the incentives to use cards will disappear completely.

Consumers, if you use credit cards to earn rewards points, it's time to check the score.

You are probably charging the same amount or even more, but earning fewer rewards. That's because credit card companies have been steadily scaling back these programs to cut costs.

“We knew ... they could not keep this up forever,” said Curtis Arnold, the founder of CardRatings.com, which lets consumers rate credit card deals.

Recent changes include American Express' decision in the fall to cut rewards points in half for everyday purchases at drugstores, grocery stores, gas stations and other retailers.

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