_is-your-airline-rewards-card-costing-you-more-officials-debate-need-for-new-regulations-on-credit-card-reward-and-airlin.jpg "Is Your Airline Rewards Card Costing You More? Officials Debate Need for New Regulations on Credit Card Reward and Airline Loyalty Programs from bridge travel Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 0:53
👁 View: 250K times
✓ Published: 11-May-2024
👁 View: 250K times
✓ Published: 11-May-2024
Description:
The Consumer Financial Protection Bureau and the Department of Transportation held a joint hearing to discuss whether new regulations are needed for credit card reward programs and airline loyalty programs. Officials argue that for many consumers, the high fees and interest charged on travel rewards credit cards outweigh the value of the rewards and perks earned. Airline-branded credit cards can be much costlier than average cards, with annual fees as high as $650 and interest rates averaging more than 25% compared to no annual fees and about 24% for most cards. Loyalty programs are major revenue generators for airlines, with Delta earning $6.5 billion and Americans expecting 80% of revenue from loyalty members.
The Consumer Financial Protection Bureau and the Department of Transportation held a joint hearing to discuss whether new regulations are needed for credit card reward programs and airline loyalty programs. Officials argue that for many consumers, the high fees and interest charged on travel rewards credit cards outweigh the value of the rewards and perks earned. Airline-branded credit cards can be much costlier than average cards, with annual fees as high as $650 and interest rates averaging more than 25% compared to no annual fees and about 24% for most cards. Loyalty programs are major revenue generators for airlines, with Delta earning $6.5 billion and Americans expecting 80% of revenue from loyalty members.
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
Related Videos
_lake-powell-amp-rainbow-bridge-travel-guide.webp "Expoza Travel")
_person-documents-flooding-of-roads-in-texas.webp "This person documented the flooded roads in Texas after torrential rains. They stopped their car on the bridge and watched the trucks drive slowly through the flooded roads, eventually reaching the other end where the water receded off the road.")
_walking-into-brookyln-bridge-travel-thetherapistdude.webp "The Therapist Vlogger")
_prague-from-charles-bridge-to-the-trendy-center-124-what39s-tourism-in-the-czech-capital-like-today.webp "DW Travel")
⏲ 11 minutes 26 seconds 👁 36.1K
_capilano-suspension-bridge-park-2018-vancouver-bc-124-vancouver-travel-guide.webp "David From Vancouver")
⏲ 5 minutes 49 seconds 👁 42.7K
_protect-the-yacht-keep-it.webp "MrBeast")
_in-search-of-tigh-na-cailleach-with-alison-campsie.webp "After around ten miles on foot through Glen Lyon, the shrine to the powerful Celtic goddess of Cailleach came into view, at last. Amid a shock of May sunshine and a warm wind that blew me along the path by the loch, there it stood in powerful isolation.<br/><br/>To see it there, cradled by the mountains and decorated with recent offerings of fruits, nuts and flowers, was more than worth the walk, which I had daftly extended due to a mishap on the map. By the shrine, the clock on the long, hot day suddenly stopped as hundreds, perhaps thousands, of years of belief and respect for this mythological figure made their presence felt.<br/><br/>Tigh Na Cailleach, or House of the Old Woman, is where the giantess of Celtic folklore is remembered in the place she is said to have lived, bringing great prosperity.")
_nato-amp-ukraine-inc-capture-chasov-yar-and-win-war.webp "The Duran")
_lake-powell-amp-rainbow-bridge-travel-guide.jpg)
_person-documents-flooding-of-roads-in-texas.jpg)
_walking-into-brookyln-bridge-travel-thetherapistdude.jpg)
_prague-from-charles-bridge-to-the-trendy-center-124-what39s-tourism-in-the-czech-capital-like-today.jpg)
_capilano-suspension-bridge-park-2018-vancouver-bc-124-vancouver-travel-guide.jpg)
_protect-the-yacht-keep-it.jpg)
_in-search-of-tigh-na-cailleach-with-alison-campsie.jpg)
_nato-amp-ukraine-inc-capture-chasov-yar-and-win-war.jpg)
![[+]](/images/menu.gif){kind=small}