_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 sas airlines official site 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
_tripreport-124-scandinavian-airlines-economy-124-airbus-a350-900-124-los-angeles-copenhagen.webp "Simply Aviation")
⏲ 17 minutes 21 seconds 👁 85K
_ghazal-singer-for-party-ghazal-singer-for-wedding-ghazal-singer-in-delhi.webp "Ghazal Singer For Party - Ghazal Singer For Wedding - Ghazal Singer In Delhi<br/>#ghazalsingerforparty<br/>#ghazalsingerindelhi<br/>#ghazalsingerforwedding<br/>#ghazalsingerforparty<br/>#ghazalsingerindelhi<br/>#ghazalsingerinnearme<br/>#ghazalsingerforwedding<br/>#ghazalsingerinindia<br/>#ghazalsinger<br/><br/>ghazal singer for party,<br/>ghazal singer in delhi,<br/>ghazal singer for wedding,<br/>sufi singer in delhi,<br/>ghazal singer for party,<br/>ghazal singer in delhi,<br/>ghazal singer in delhi,<br/>ghazal singer in near me,<br/>ghazal singer for wedding,<br/>ghazal singer in india,<br/>ghazal singer,<br/><br/>We have done various successful Ghazal Nights in Delhi Our singers can sing other singer’s ghazals & Songs of Jagjit Singh, Ghulam Ali, Pankaj Udhas, Hariharan, Mehdi Hassan, Mohit Chauhan, Kishore Kumar, Mohd. Rafi, Talat Mahmood, Mukesh & many more to be named. Our singers can sing many styles, whether its Ghazals, New or Old Bollywood Songs, Sufi songs, Bhajans, Soft Songs, Fast numbers, Romantic Songs, Classical, Semi Classical, Festival Songs etc. Our team consist of 8 members in a Ghazal Troupe, 1. Ghazal Singer, 2. Musician / Band – 4pcs, 3. Manager / Assistant, 4. Extra Singer<br/><br/><br/>Book Now (9899349635)( 7838821262)☎<br/><br/><br/>#NEELAMCHAUHANMUSICALGROUP<br/><br/> Follow us onNEELAM CHAUHAN MUSICAL GROUP- Social Media Sites <br/><br/>■ Official Website: https://goldmagicevents.in/ <br/>■ Official Website: https://livebandindelhi.com/<br/>■ Official Website: https://goldmagicevents.com/<br/>■ Official Website: https://dancersforwedding.com/ <br/><br/><br/>")
_i-tested-europe39s-most-popular-airline.webp "Eric Struk")
_flying-sas-business-class-to-shorts-flywithme-businessclass-flysas-scandinavianairlines.webp "Natti Anne")
⏲ 28 seconds 👁 3.9K
_sas-scandinavian-airlines-promo-film-1959.webp "Classic Airliners u0026 Vintage Pop Culture")
_trip-report-124-scandinavian-airlines-sas-plus-premium-economy-124-a340-124-copenhagen-to-san-francisco.webp "Nonstop Dan")
⏲ 18 minutes 43 seconds 👁 98.1K
_a-quiet-place-day-one-124-official-trailer-2-2024-movie-lupita-nyong39o-joseph-quinn.webp "#45 on Trending<br/>Welcome to DAY ONE. Watch the new trailer for #AQuietPlace: Day One - only in theatres June 28.<br/><br/>TEXT ‘BE QUIET’ TO 929-202-SHHH (7444) OR TAP HERE TO EXPERIENCE DAY ONE: HTTPS://PARAMNT.US/TEXTAQP<br/><br/>Connect with #AQuietPlace: Day One online:<br/>Official Site: https://aquietplace.com<br/>TikTok:<br/><br/> / aquietplace<br/>Instagram:<br/><br/> / aquietplace<br/>Twitter:<br/><br/> / aquietplace<br/>Facebook:<br/><br/> / aquietplace<br/><br/>Paramount Pictures Corporation (PPC), a major global producer and distributor of filmed entertainment, is a unit of Viacom (NASDAQ: VIAB, VIA), home to premier global media brands that create compelling television programs, motion pictures, short-form content, apps, games, consumer products, social media experiences, and other entertainment content for audiences in more than 180 countries.<br/> <br/>Connect with Paramount Pictures online:<br/>Official Site: http://www.paramount.com/<br/>TikTok:<br/><br/> / paramountpics<br/>Instagram:<br/><br/> / paramountpics<br/>Twitter:<br/><br/> / paramountpics<br/>YouTube: <br/><br/> / paramount<br/>Facebook:<br/><br/> / paramount<br/><br/>#lupitanyongo #josephquinn #djimonhounsou #alexwolff #aquietplace")
_sas-scandinavian-airlines-a320neo-economy-class.webp "Jayden Wong")
_tripreport-124-scandinavian-airlines-economy-124-airbus-a350-900-124-los-angeles-copenhagen.jpg)
_ghazal-singer-for-party-ghazal-singer-for-wedding-ghazal-singer-in-delhi.jpg)
_i-tested-europe39s-most-popular-airline.jpg)
_flying-sas-business-class-to-shorts-flywithme-businessclass-flysas-scandinavianairlines.jpg)
_sas-scandinavian-airlines-promo-film-1959.jpg)
_trip-report-124-scandinavian-airlines-sas-plus-premium-economy-124-a340-124-copenhagen-to-san-francisco.jpg)
_a-quiet-place-day-one-124-official-trailer-2-2024-movie-lupita-nyong39o-joseph-quinn.jpg)
_sas-scandinavian-airlines-a320neo-economy-class.jpg)
![[+]](/images/menu.gif){kind=small}