_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 ajj rate chader ki 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: 475K times
✓ Published: 11-May-2024
👁 View: 475K 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
_3-workout-tips-to-boost-your-physical-and-mental-health.webp "May is Mental Health Awareness Month and Planet Fitness ' National Lead Trainer, Freddy Savage shares the tools to help you prioritize your mental AND physical wellness. Mental health continues to be a struggle among Americans year-over-year - and in 2022, one in five adults experienced mental health challenges. Fortunately, another recent study highlighted that physical exercise can greatly impact one's overall mood and mental health - finding that 1.2 million adults who exercised regularly had fewer days of poor mental health than those who didn't exercise. Working out isn't just about how you look; it's about how you feel. Luckily, Planet Fitness offers affordable memberships, that won't break the bank, and with over 2,500+ locations, there's bound to be a gym nearby, making working out more convenient than ever before, and an opportunity to not only boost your physical fitness but also help improve your mood and mental health. And as a certified fitness trainer, Savage strives to share simple tips for people at every fitness level, whether they're new to the gym, getting back into a routine or just looking for simple movements to promote physical and mental health. Slow and Steady Wins the Race: Moderate activity can be just as effective as rigorous workouts when it comes to reducing stress, anxiety, and depression. Start by creating a simple goal such as walking or even stretching for only 10-20 minutes every other day. Continuously increase your movement over time when you feel ready and able. It's all about establishing a strong foundation to get your head in the fitness game. Be Your Own DJ: Step into Planet Fitness' Judgement Free Zone with your favorite tunes ready to go. Music is a great mood booster and a way to infuse any workout with great energy as it keeps a good tempo for your heart rate and is an easy way to get yourself in a mindset that you enjoy. A fun thing to do is to create playlists for different types of workouts and even listen to the soundtrack of your favorite movie. Change it Up: It's crucial to keep your routine fresh and exciting so working out doesn't become a chore! The next time you head into the gym, try a new piece of equipment you've never explored or take a shot at a new strength training exercise, do something to shock your body and mind so exercise always feels new and fun. Join Planet Fitness today, where memberships are affordable and include free fitness training. For $24.99 a month, you can get the PF Black Card membership which includes additional amenities such as the ability to bring a guest every day at no additional charge, access to all 2,500+ Planet Fitness locations in all 50 states, and more.")
_ei-mayabi-chander-raate-124-official-music-video-124-baba-baby-o-124-windows-productions.webp "WINDOWS")
⏲ 3 minutes 28 seconds 👁 3.1M
_aj-akashe-chad-nei-124-124-eid-natok-124-khairul-basar-124-sadia-ayman-124-new-natok-2023.webp "Ekanno Media")
⏲ 41 minutes 23 seconds 👁 1.8M
_the-moon-is-cooler-than-you-think-and-here39s-the-proof.webp "Scientists have discovered a lot about what's inside the Moon, and it's pretty fascinating. Beneath its dusty surface lies a solid inner core, surrounded by a liquid outer core, just like Earth. But here's where it gets interesting: unlike our planet, the Moon doesn't have a magnetic field to protect it from solar radiation, which explains why it's so barren and lifeless. Another cool fact is that the Moon is slowly drifting away from Earth at a rate of about 3.8 centimeters per year. And get this: there are over 400,000 pounds of human-made trash left behind on the Moon from various missions! And did you know that the Moon is about 4.5 billion years old? Animation is created by Bright Side.<br/>----------------------------------------------------------------------------------------<br/>Music from TheSoul Sound: https://thesoul-sound.com/<br/> <br/>Check our Bright Side podcast on Spotify and leave a positive review! https://open.spotify.com/show/0hUkPxD34jRLrMrJux4VxV<br/> <br/>Subscribe to Bright Side: https://goo.gl/rQTJZz<br/>----------------------------------------------------------------------------------------<br/>Our Social Media:<br/>Facebook: https://www.facebook.com/brightside<br/>Instagram: https://www.instagram.com/brightside.official<br/>TikTok: https://www.tiktok.com/@brightside.official?lang=en<br/> <br/>Stock materials (photos, footages and other):<br/>https://www.depositphotos.com<br/>https://www.shutterstock.com<br/>https://www.eastnews.ru<br/>----------------------------------------------------------------------------------------<br/> For more videos and articles visit:<br/>http://www.brightside.me<br/> ----------------------------------------------------------------------------------------<br/>This video is made for entertainment purposes. We do not make any warranties about the completeness, safety and reliability. Any action you take upon the information in this video is strictly at your own risk, and we will not be liable for any damages or losses. It is the viewer's responsibility to use judgement, care and precaution if you plan to replicate.")
_best-of-shreya-ghoshal-super-hit-songs-shreya-ghoshal.webp "Saikat Media")
⏲ 41 minutes 53 seconds 👁 1.6M
_the-australian-share-market-went-up-and-the-aussie-dollar-fell-after-the-rba-announced-its-rates-decision.webp "In today's financial update, the stock market experienced an uptick following the Reserve Bank's decision to keep interest rates steady. In contrast, the Australian dollar took a downturn. Alan Kohler will provide a detailed analysis of these market movements and their implications.")
⏲ 1:41 👁 21.1M
_phuler-kane-bhromor-eshe-124-liza-124-old-bangla-movie-song-124-sonali-surer-smritimoy-gaan-124-channel-i-tv.webp "Channel i Tv")
Phuler kane Bhromor Eshe | Liza | Old Bangla Movie Song | Sonali Surer Smritimoy Gaan | Channel i TV
⏲ 8 minutes 22 seconds 👁 2.2M
_tomar-akash-duti-chokhe-ii-luipa-ii-seylon-music-lounge.webp "Seylon Tea")
_3-workout-tips-to-boost-your-physical-and-mental-health.jpg)
_ei-mayabi-chander-raate-124-official-music-video-124-baba-baby-o-124-windows-productions.jpg)
_aj-akashe-chad-nei-124-124-eid-natok-124-khairul-basar-124-sadia-ayman-124-new-natok-2023.jpg)
_the-moon-is-cooler-than-you-think-and-here39s-the-proof.jpg)
_best-of-shreya-ghoshal-super-hit-songs-shreya-ghoshal.jpg)
_the-australian-share-market-went-up-and-the-aussie-dollar-fell-after-the-rba-announced-its-rates-decision.jpg)
_phuler-kane-bhromor-eshe-124-liza-124-old-bangla-movie-song-124-sonali-surer-smritimoy-gaan-124-channel-i-tv.jpg)
_tomar-akash-duti-chokhe-ii-luipa-ii-seylon-music-lounge.jpg)
![[+]](/images/menu.gif){kind=small}