_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 need for speed most wanted feature series 2fea 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
_need-for-speed-most-wanted-gameplay-walkthrough-full-game-4k-60fps-remastered.webp "Shirrako")
⏲ 10 hours 49 minutes 53 seconds 👁 1.5M
_federal-government-defends-the-scope-of-new-budget.webp "After presenting a budget aimed at assisting households with rising costs, the federal government is now defending the scope of its support measures. The promise of a $300 rebate on energy bills for everyone, coupled with tax incentives for new green energy projects, has sparked a debate over the distribution of financial aid and whether it should be targeted to those who need it most. National Affairs Editor Melissa Clarke will provide more insights into this ongoing debate.")
_the-game-that-outsold-the-halo-franchise-and-killed-a-man-most-wanted.webp "Manley Reviews")
⏲ 29 minutes 6 seconds 👁 778.9K
_need-for-speed-most-wanted-retrospective.webp "Mitchell Diedrich")
_pair-of-tiny-fox-kits-are-being-hand-reared-by-keepers-at-safari-park.webp "A pair of tiny fox kits are being hand-reared by keepers at a safari park.<br/><br/>Weighing in total just 46 grams, the adorable pair of fennec foxes at Longleat Safari Park, Wiltshire, have not been named yet named and their gender is unknown.<br/><br/>Samantha Peeke, their keeper, is sharing the sleepless nights with colleagues Gemma Short and Catriona Moy as the babies initially need feeding every two hours, day and night.<br/><br/>They are planning to introduce them to rice as the first step to weaning.<br/><br/>Samantha said: “We are now feeding them every three hours with a longer break overnight.<br/><br/>“We are sharing the care so they don’t get attached to one of us as the aim is to reintroduce them to their mum and dad; eventually we hope they will also become part of the international breeding programme.\")
_oap-blocked-into-own-garden-by-chain-link-fence-over-bizarre-neighbour-row.webp "A bemused OAP found his garden gate blocked by a chain-link fence in a bizarre row over a 90cm strip of land owned by his neighbour.<br/><br/>David Breeze, 80, believes the barrier was built following a dispute over him crossing a small strip of land to reach a public footpath when leaving his back garden.<br/><br/>Mr Breeze has regularly used the gate at the property in Reedham, Norfolk for the last 23 years.<br/><br/>He said he had made attempts to contact the landowner, Chris Mutten, to ensure he was not trespassing.<br/><br/>He uses the footpath, which runs east from Yareview Close to Cliff Close, to walk to the doctors surgery and post office as it cuts across a field connecting two halves of the village.<br/><br/>The row comes as angry villagers have objected to a controversial plan to build 27 new homes in the field owned by Mr Mutten, who is also a parish councillor.<br/><br/>In the latest twist over their dispute, Mr Breeze found his garden gate, which opens onto the footpath, had been blocked by a high chain-link fence two weeks ago.<br/><br/>The grandad-of-four, who lives with his wife Helen, admits he does have to trespass to get to the path - but that the piece of land is just 90cm wide.<br/><br/>He said: \")
_92.webp "A tattoo artist is covering people's scars for free - and says \")
_92.webp "Meet the 'yes mum' who \")
_need-for-speed-most-wanted-gameplay-walkthrough-full-game-4k-60fps-remastered.jpg)
_federal-government-defends-the-scope-of-new-budget.jpg)
_the-game-that-outsold-the-halo-franchise-and-killed-a-man-most-wanted.jpg)
_need-for-speed-most-wanted-retrospective.jpg)
_pair-of-tiny-fox-kits-are-being-hand-reared-by-keepers-at-safari-park.jpg)
_oap-blocked-into-own-garden-by-chain-link-fence-over-bizarre-neighbour-row.jpg)
_92.jpg)
_92.jpg)
![[+]](/images/menu.gif){kind=small}