_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 xccess 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: 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
_life-in-progress-ep-2-how-i-built-access-travel.webp "Angely Dub")
_10-affordable-travel-lenses-for-sony.webp "Julia Trotti")
_gatwick-airport-terminal-evacuated-with-passengers-forced-outside.webp "Travellers at Gatwick Airport have reported chaotic scenes as the South Terminal was evacuated following a fire alarm on Thursday morning.People were evacuated from the departure lounge after the alarm was activated, the airport said.“Our dedicated Airport Fire Service swiftly attended and confirmed there was no fire,” it said in a statement posted to X.“Passengers are being allowed back into the Departure Lounge.”")
_access-travel-takes-you-to-new-zealand.webp "Angely Dub")
_passengers-thrown-off-easyjet-flight-after-argument-during-take-off.webp "A pilot was forced to turn a flight around at Bristol Airport after drunken passengers were being disruptive, according to reports.Police were called to the departure gate to meet an easyJet flight shortly before take-off as a large group of men was refusing to sit down and was demanding to use the toilet.")
_13-weird-habits-that-make-me-healthier.webp "Shea Whitney")
_meghans-new-knight-what-is-she-hiding-latest-news-royal-meghanandharry-meghanmarkle.webp "NEIL SEAN'S DAILY NEWS HEADLINES")
⏲ 4 minutes 29 seconds 👁 11.2K
_brits-to-spend-1250-per-person-on-holidays-this-year.webp "And nearly half of us start saving the cash as soon as we get back from our last trip.")
_life-in-progress-ep-2-how-i-built-access-travel.jpg)
_10-affordable-travel-lenses-for-sony.jpg)
_gatwick-airport-terminal-evacuated-with-passengers-forced-outside.jpg)
_access-travel-takes-you-to-new-zealand.jpg)
_passengers-thrown-off-easyjet-flight-after-argument-during-take-off.jpg)
_13-weird-habits-that-make-me-healthier.jpg)
_meghans-new-knight-what-is-she-hiding-latest-news-royal-meghanandharry-meghanmarkle.jpg)
_brits-to-spend-1250-per-person-on-holidays-this-year.jpg)
![[+]](/images/menu.gif){kind=small}