New financial regulations take hold in 2011
Debit card rewards may be pared
Falling interchange fees also will give banks less incentive to offer customer rewards for debit card purchases, so expect rewards programs to diminish both in number and value, Garuccio says.
"JPMorgan Chase has already said that it's eliminating its rewards programs," he says. "Others have hinted they're going to do the same, if they haven't already."