Your credit card rewards just got a massive nerf, and you probably missed the fine print in your last statement. Fox News today is sounding the alarm: major banks are quietly slashing cashback percentages and adding new annual fees on premium cards, all while inflation keeps eating away at the value of every point you earn. Consumer advocates say the average household could lose up to $200 in rewards this year if they don’t switch to a no-fee card immediately—but hurry, because those deals are shrinking fast too.