_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 american airlines flight 2995 Video Screenshot Preview")
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⏲ Duration: 0:53
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✓ Published: 11-May-2024
👁 View: 590K times
✓ Published: 11-May-2024
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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.
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_1997-8-heads-in-a-duffel-bag-full-hot-movie.webp "8 Heads in a Duffel Bag is a 1997 black comedy film starring Joe Pesci, Kristy Swanson and David Spade. It was the directorial debut of screenwriter Tom Schulman. The film was a box office disappointment and received negative reviews from critics.<br/><br/>The film initially focuses on a wiseguy who has been tasked with transporting a cargo of severed heads to a crime boss. The duffel bag with the heads is switched with that of a young tourist heading for Mexico. The young man and his girlfriend soon look for ways to get rid of the heads, while the wiseguy attempts to find replacement heads at a cryonics lab.<br/><br/>Plot<br/>Tommy Spinelli is a wiseguy hired by Benny and Rico, a pair of dimwitted hitmen, to transport a duffel bag full of severed heads across the United States to crime boss \")
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