_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 tabu need 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
_sade-the-sweetest-taboo-official-1985.webp "Sade")
_taboo-snl.webp "Saturday Night Live")
_nhl-592-12-preview-canucks-need-win-in-crucial-game-3.webp "NHL 5\ 12 Preview: Canucks Need Win in Crucial Game 3 from tabu need")
_taboo-s1e01-land-negotiation-scene.webp "TOPSERIES.TV")
_unforgettable.webp "Made for the lastStuck at home 48HFP film competition, “Unforgettable” is a fragment of life, when a woman celebrates the baby that never was, but who will always be in her heart, no matter how many years pass by. Miscarriage is still a tabù, and women need to talk about it. Because it’s a devastating experience, that will be, in a sad and heartbreaking way, forever unforgettable.")
_tabu-this-country-needs-you-offlicial-lyrics-video-strat-calypso.webp "Paran Soundz Global")
⏲ 4 minutes 20 seconds 👁 170
_lena-tabu-yung-yury-damn-yury-124-lena-sings-acoustic-cover.webp "Lena")
_gabapentin-for-dogs-what-you-need-to-know.webp "A vets guide to Gabapentin for Dogs")
_sade-the-sweetest-taboo-official-1985.jpg)
_taboo-snl.jpg)
_nhl-592-12-preview-canucks-need-win-in-crucial-game-3.jpg)
_taboo-s1e01-land-negotiation-scene.jpg)
_unforgettable.jpg)
_tabu-this-country-needs-you-offlicial-lyrics-video-strat-calypso.jpg)
_lena-tabu-yung-yury-damn-yury-124-lena-sings-acoustic-cover.jpg)
_gabapentin-for-dogs-what-you-need-to-know.jpg)
![[+]](/images/menu.gif){kind=small}