_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 mozzarella nutritional value 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
_the-most-famous-pizza-styles-from-around-the-world.webp "The Most Famous Pizza Styles , From Around the World.<br/>Cozymeal compiled a list of <br/>the 10 most famous styles of pizza <br/>from around the globe. Here they are:.<br/>Neapolitan Pizza, This pizza started it all. It typically has a <br/>thick, bready crust with slightly charred edges <br/>and is topped with fresh ingredients.<br/>New York Style, This style was created by Italian immigrants <br/>in New York. While it resembles Neapolitan, the <br/>crust is thinner and the pizza is typically sold by the slice. .<br/>Chicago Deep-Dish, Resembling more of a pie, this type <br/>of pizza has a tall crust. The middle is filled with cheese, meats and veggies with the sauce layered on top.<br/>Chicago Deep-Dish, Resembling more of a pie, this type <br/>of pizza has a tall crust. The middle is filled with cheese, meats and veggies with the sauce layered on top.<br/>Margherita Pizza, This type of pizza was created in 1889 and named after <br/>the queen of Italy. It always contains red tomatoes, white mozzarella and green basil, the colors of the Italian flag.<br/>Sicilian Pizza, The crust resembles more of a focaccia bread <br/>and is shaped like a rectangle or square. It is generously topped with tomato sauce, cheese and other ingredients.<br/>Hawaiian Pizza, Love it or hate it, Hawaiian Pizza <br/>is here to stay. Created by a Canadian chef, <br/>this combination generally features pineapple and ham, though variations with bacon or pulled pork also exist.<br/>California Pizza, This type of pizza gained traction in the 1980s. <br/>The crust falls somewhere between NY style and <br/>Neapolitan. They're traditionally meant <br/>for one person and come with fancy toppings.<br/>Greek Pizza, Originating with Greek immigrants in New England, <br/>the texture of this pizza is similar to Sicilian pizza, but <br/>it's made in a metal pan. It also contains lots of olive oil.<br/>Greek Pizza, Originating with Greek immigrants in New England, <br/>the texture of this pizza is similar to Sicilian pizza, but <br/>it's made in a metal pan. It also contains lots of olive oil.<br/>Detroit Style Pizza, Also originating with Sicilian immigrants, this rectangular pizza is layered with tons of cheese and toppings with <br/>only a little sauce on top. The crust is chewy and crispy.<br/>Detroit Style Pizza, Also originating with Sicilian immigrants, this rectangular pizza is layered with tons of cheese and toppings with <br/>only a little sauce on top. The crust is chewy and crispy.<br/>Tavern Style Pizza, Many Chicago locals prefer this style of pizza <br/>over Deep Dish. This thin-crust pizza has typical <br/>toppings and is cut into squares. Some say this is <br/>so that a slice would fit on a bar napkin")
_how-does-eating-mozzarella-cheese-help-in-weight-loss.webp "Weight Loss Guide")
_everything-you-thought-you-knew-about-protein-is-wrong-124-stanford39s-professor-christopher-gardner.webp "ZOE")
⏲ 47 minutes 42 seconds 👁 711.5K
_find-out-how-healthy-your-food-really-is.webp "A 72 Point GreenChef poll shows Americans don't know exactly how to read a nutrition label, and they would be willing to sacrifice quite a lot to get a nutritious snack. Buzz60's Elizabeth Keatinge has more.")
_what-happens-if-you-eat-grass-fed-butter-everyday-for-30-days-124-dr-steven-gundry.webp "The Dr. Gundry Podcast")
⏲ 9 minutes 49 seconds 👁 37.3K
_two-men-charged-with-sycamore-gap-felling-arrive-at-court.webp "Daniel Graham and Adam Carruthers arrive at Newcastle Magistrates’ Court charged with felling the Sycamore Gap tree last September. The criminal damage caused by felling the famous Sycamore Gap tree has been valued at more than £620,000, according to court charges. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn")
_i-ate-100-tbsp-of-butter-in-10-days-here-is-what-happened-to-my-blood.webp "Dr. Sten Ekberg")
⏲ 23 minutes 19 seconds 👁 1.1M
_the-perfect-mozzarella-after-years-of-experimenting-124-step-by-step-guide-to-make-natural-mozzarella.webp "From Scratch Farmstead")
⏲ 15 minutes 33 seconds 👁 114.7K
_the-most-famous-pizza-styles-from-around-the-world.jpg)
_how-does-eating-mozzarella-cheese-help-in-weight-loss.jpg)
_everything-you-thought-you-knew-about-protein-is-wrong-124-stanford39s-professor-christopher-gardner.jpg)
_find-out-how-healthy-your-food-really-is.jpg)
_what-happens-if-you-eat-grass-fed-butter-everyday-for-30-days-124-dr-steven-gundry.jpg)
_two-men-charged-with-sycamore-gap-felling-arrive-at-court.jpg)
_i-ate-100-tbsp-of-butter-in-10-days-here-is-what-happened-to-my-blood.jpg)
_the-perfect-mozzarella-after-years-of-experimenting-124-step-by-step-guide-to-make-natural-mozzarella.jpg)
![[+]](/images/menu.gif){kind=small}