_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 jack card in hindi 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: 590K times
✓ Published: 11-May-2024
👁 View: 590K 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
_magician-vs-gambler-card-cheating-explained.webp "Jack Rhodes")
_get-a-glimpse-at-hallmark39s-beloved-series-when-calls-the-heart.webp "Step into the captivating realm of Hope Valley as you immerse yourself in the cherished Hallmark series, When Calls the Heart Season 11 Episode 7. Inspired by Janette Oke's beloved novel, this episode promises a delightful fusion of heartwarming storytelling and beloved characters. Embark on a journey alongside familiar faces such as Erin Krakow, Jack Wagner, Pascale Hutton, Kavan Smith and more as they infuse life into the picturesque town of Hope Valley. Don't miss out on this enchanting experience - When Calls the Heart Season 11 awaits you, now streaming on Hallmark!<br/><br/>When Calls the Heart Cast:<br/><br/>Erin Krakow, Chris McNally, Kevin McGarry, Martin Cummins, Jack Wagner, Pascale Hutton, Kavan Smith, Ben Rosenbaum, Amanda Wong, Viv Leacock, and Natasha Burnett<br/><br/>Stream When Calls the Heart Season 11 now on Hallmark!")
_ipl-2024-playoffs-qualification-scenario-rcb-csk.webp "Sports Yaari")
⏲ 13 minutes 3 seconds 👁 519
_how-to-cheat-at-cards-stacking-the-deck.webp "Daniel Roy")
_jack-the-bounty-hunter-magic-card-trick-revealed.webp "Mismag822 - The Card Trick Teacher")
_oggy-and-the-cockroaches-pop-corn-time-hindi-cartoons-for-kids.webp "Oggy Hindi - हिन्दी")
⏲ 26 minutes 38 seconds 👁 11.4M
_bridgerton-cast-answer-the-web39s-most-searched-questions.webp "The cast of Netflix's 'Bridgerton' answer the web's most searched questions about 'Bridgerton' and themselves. What will happen in season 3? Do they have a favorite episode? Where does Bridgerton film? Nicola Coughlan, Luke Newton and Claudia Jessie answer all these questions and much more!<br/><br/>Director: Justin Wolfson<br/>Director of Photography: Jack Belisle<br/>Editor: Louville Moore<br/>Talent: Nicola Coughlin, Luke Newton, Claudia Jessie<br/>Line Producer: Joseph Buscemi<br/>Associate Producer: Brandon White <br/>Production Manager: D. Eric Martinez<br/>Production Coordinator: Fernando Davila<br/>Talent Booker: Meredith Judkins, Jenna Caldwell<br/>Camera Operator: Christopher Eustache<br/>Gaffer: David Djaco<br/>Sound Mixer: Lily Van Leuwen<br/>Production Assistant: Griffin Garnett, Lyla Neely<br/>Post Production Supervisor: Christian Olguin<br/>Post Production Coordinator: Ian Bryant <br/>Supervising Editor: Doug Larsen<br/>Assistant Editor: Billy Ward")
_oggy-and-the-cockroaches-a-game-table-hindi-cartoons-for-kids.webp "Oggy Hindi - हिन्दी")
⏲ 26 minutes 29 seconds 👁 8.7M
_magician-vs-gambler-card-cheating-explained.jpg)
_get-a-glimpse-at-hallmark39s-beloved-series-when-calls-the-heart.jpg)
_ipl-2024-playoffs-qualification-scenario-rcb-csk.jpg)
_how-to-cheat-at-cards-stacking-the-deck.jpg)
_jack-the-bounty-hunter-magic-card-trick-revealed.jpg)
_oggy-and-the-cockroaches-pop-corn-time-hindi-cartoons-for-kids.jpg)
_bridgerton-cast-answer-the-web39s-most-searched-questions.jpg)
_oggy-and-the-cockroaches-a-game-table-hindi-cartoons-for-kids.jpg)
![[+]](/images/menu.gif){kind=small}