_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 do i need to hire employees for simplified com 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: 285K times
✓ Published: 11-May-2024
👁 View: 285K 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
_5-hr-essentials-for-hiring-your-first-employee.webp "HR Party of One")
_does-australia-need-a-family-violence-register.webp "Should Australia adopt a register of convicted family violence offenders? This is one of the proposals politicians are being asked to ponder in the wake of at least 35 women allegedly killed by male violence this year alone.<br/>Support is available for those who may be distressed. Phone Lifeline 13 11 14; Men’s Referral Service 1300 776 491; Kids Helpline 1800 551 800; beyondblue 1300 224 636; 1800-RESPECT 1800 737 732.")
_a-better-way-to-hire-124-simon-sinek.webp "Simon Sinek")
_this-first-hire-nearly-bankrupt-me-but-was-worth-it.webp "Alex Hormozi")
_recruiting-and-hiring-tips-how-to-hire-the-best-employees.webp "Alex Hormozi")
_why-should-we-hire-you-124-best-answer-from-former-ceo.webp "The Companies Expert")
_indigenous-leaders-say-help-needed-in-sa-town-of-ceduna.webp "Indigenous leaders say more housing is urgently needed in the South Australian town of Ceduna to help deal with unacceptable levels of anti-social behaviour. New alcohol restrictions have been introduced with the aim of reducing public drinking.")
_i-can39t-afford-to-hire-employees-124-how-to-hire-your-first-employee-124-abby39s-money-myths.webp "Matterhorn Business Development")
⏲ 7 minutes 32 seconds 👁 11.7K
_5-hr-essentials-for-hiring-your-first-employee.jpg)
_does-australia-need-a-family-violence-register.jpg)
_a-better-way-to-hire-124-simon-sinek.jpg)
_this-first-hire-nearly-bankrupt-me-but-was-worth-it.jpg)
_recruiting-and-hiring-tips-how-to-hire-the-best-employees.jpg)
_why-should-we-hire-you-124-best-answer-from-former-ceo.jpg)
_indigenous-leaders-say-help-needed-in-sa-town-of-ceduna.jpg)
_i-can39t-afford-to-hire-employees-124-how-to-hire-your-first-employee-124-abby39s-money-myths.jpg)
![[+]](/images/menu.gif){kind=small}