_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 kowaliga marina service department 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: 360K times
✓ Published: 11-May-2024
👁 View: 360K 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
_cancer-screening-services-launched.webp "Cancer screening services launched<br/><br/>The Department of Health, together with the Department of the Interior and Local Government, the World Health Organization and the Johns Hopkins Program for International Education in Gynecology and Obstetrics (Jhpiego), launch the Organized Cancer Screening Services program on Friday, May 10, 2024. 34-year-old cancer survivor Melvie Delgado also shared her experience as a patient of Stage 3-C cervical cancer and offered hope to women battling the disease. <br/><br/>Video by Red Mendoza<br/><br/>Subscribe to The Manila Times Channel - https://tmt.ph/YTSubscribe <br/>Visit our website at https://www.manilatimes.net <br/> <br/>Follow us: <br/>Facebook - https://tmt.ph/facebook <br/>Instagram - https://tmt.ph/instagram <br/>Twitter - https://tmt.ph/twitter <br/>DailyMotion - https://tmt.ph/dailymotion <br/> <br/>Subscribe to our Digital Edition - https://tmt.ph/digital <br/> <br/>Check out our Podcasts: <br/>Spotify - https://tmt.ph/spotify <br/>Apple Podcasts - https://tmt.ph/applepodcasts <br/>Amazon Music - https://tmt.ph/amazonmusic <br/>Deezer: https://tmt.ph/deezer <br/>Tune In: https://tmt.ph/tunein<br/> <br/>#TheManilaTimes <br/>#tmtnews <br/>#breastcancerawareness")
_taylor-swift-shakes-up-the-set-list-for-the-eras-tour.webp "Taylor Swift has returned to the road to continue her 'The Eras' tour and she's treated fans to a new setlist which includes a segment dedicated to her new album 'The Tortured Poets Department’.")
_a-look-inside-vintage-and-handmade-department-store-flea-circus.webp "Flea Circus is an independent department store, which sells a variety of vintage and handmade items from over 40 local sellers and creatives.")
_search-efforts-in-lahad-datu-water-surge-incident-called-off.webp "Firefighters have ended the search and rescue operation in the Lahad Datu water surge incident after it was confirmed that everyone involved has been accounted for.<br/><br/>Lahad Datu Fire and Rescue Department station chief Sumsoa Rashid said it was ascertained that 15 people - were part of the group that got swept away by the water surge at the Maksina Valley on Sunday (May 5), and not 17 people as reported earlier.<br/><br/>Read more at https://tinyurl.com/33wjr27b<br/><br/>WATCH MORE: https://thestartv.com/c/news<br/>SUBSCRIBE: https://cutt.ly/TheStar<br/>LIKE: https://fb.com/TheStarOnline<br/>")
_the-new-porsche-macan-4-in-aventurine-green-metallic-driving-video.webp "It’s all down to this line, a mere stroke on paper. And yet it marks a a new beginning. The coupé-like roofline of the Macan and the striking rear—with its shape so typical of Porsche—evoke the tight, unmistakable flyline of the 911. But this time, it’s not just a reminder of the Porsche icon. Rather, the shape, including the rear spoiler, is a groundbreaking innovation in the all-electric SUV segment. “The active aerodynamic elements all contribute significantly to the range,” says aerodynamics specialist Thomas Wiegand. “We have a rear spoiler that raises automatically, active cooling flaps at the front air intakes, and flexible covers on the underbody.” Located in the same building as the Style Porsche design department, the Weissach wind tunnel gives form and shape to the streamlining of the newly developed Macan. It’s the first Porsche based on the Premium Platform Electric (PPE) created in collaboration with Audi. This platform not only benefits from development synergies, but is also highly flexible, enabling Porsche to implement its own technical and brand-specific objectives. Full electrification of the popular model line is an important milestone on the path to ensuring that more than 80 percent of the new cars are fully electrified in 2030—depending on the demand of customers and the development of electromobility in the respective regions of the world.")
_american-soldier-arrested-in-russia-on-theft-charges-as-arrests-of-americans-in-russia-reach-levels-similar-to-cold-war.webp "US soldier Gordon Black was arrested in Russia last week on theft charges in the far eastern city of Vladivostok. Black is a Staff Sgt. stationed in South Korea who was traveling home to the US and stopped in Russia to meet a woman he was dating. A Russian court confirmed Black will be held in pre-trial detention until July 2nd to prevent him from evading charges. Black is accused of \")
_leger-fernandez-calls-out-house-gop-for-disrespectful-behavior-towards-acting-labor-sec-julie-su.webp "On Wednesday, Rep. Teresa Leger Fernandez (D-NM) questioned Acting Labor Secretary Julie Su on the FY2025 budget request for the Department of Labor during a House Education and the Workforce Committee hearing. <br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/><br/>Stay Connected<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com")
⏲ 5:19 👁 100K
_free-people-presents-124-dream-girl.webp "Humans use technology to improve their lives, to forge connections, to create time that doesn’t exist, to replace real interactions. When we devise a second version of ourselves on social media, do we lose a piece of our true selves in the process? Do our digital connections threaten our real life relationships? What happens if the filtered characters we’ve imagined take on a life of their own?<br/>For many years Free People has told love stories -- we wanted to explore what our world could look like in the near future....<br/>Director: Lauren Cohan<br/>Executive Producer: Abby Morgan<br/>Screenplay: Lauren Cohan, Alex Holcomb, Alexander Dipersia<br/>Producer: Emily Bonner<br/>Producer: Arielle Davis<br/>Producer: Priya Satiani<br/>1st Assistant Director: Charlie Hicks<br/>Art Director: Kamaryn Potter<br/>Director of Photography: Stuart Winecoff<br/>1st AC: Ezra Bassin-Hill<br/>2nd AC: Ryan Grzelak<br/>Steadicam: Aaron Gantt<br/>DIT: Margaret Parus<br/>Gaffer: Lee Narby<br/>Best Boy Electric: Ryan Figueroa<br/>Electric: Adam Leene<br/>Key Grip: Stephan Carrillo<br/>Best Boy Grip: Stephan Ji<br/>Grip: Jesse Stratton<br/>Sound Mixer: Kevin Bazell<br/>Boom: Kevin Terrado<br/>Boom: Greg Ellis<br/>Production Designer: Tom castronovo<br/>Set Dresser: Francesca Palombo<br/>Art Department Assistant: Travis Witkowski<br/>Art Department Assistant: Alex Farkas<br/>Vanities: Sunny Brooks<br/>Vanities Assistant: Vanessa Gomez<br/>Vanities Assistant: Amanda Ortiz<br/>Wardrobe Stylist: Amanda Greyson<br/>Wardrobe Assistant: Mackenzie Grandquist<br/>Wardrobe Assistant: Kale Teter<br/>Key Production Assistant: Mark Belko<br/>PA-Production: Andy Cowell<br/>PA-G/E: Tanner Lyon<br/>PA-Crafty: Ray Schmeig<br/>PA-Crafty: Jonathan Brock<br/>PA-Camera: Giles O’Kane<br/>Script Supervisor: Jillian Terwedo<br/>Post Production: The Mill<br/>Editor: Ryan McKenna<br/>Post Production Producer: Carl Walters<br/>Colorist: Michael Rossiter<br/>Mixer: Dan Flosdorf / Heard City<br/>VFX: Deluxe<br/>VFX Supervisor: Zachary Cole<br/>Location Rep (SCI-ARC): Andrew Werner<br/>Casting: Priya Satiani<br/>Special thanks: Ben Younger, Jacques Naude, Colin Moneymaker, Zu-Al-Kadiri, Blake Whitman<br/>TALENT:<br/>Alex: Alexander Dipersia<br/>Nora: Margaret Qualley<br/>Ryan: Eric Murdoch<br/>Jessica: Madeline Zima<br/>Jack: Sterling Sulieman<br/>Abby: Davida Williams<br/>Cleo: Hannah Sorensen<br/>Theo: Josh Upshaw<br/>Lena: Meredith Hagner")
_cancer-screening-services-launched.jpg)
_taylor-swift-shakes-up-the-set-list-for-the-eras-tour.jpg)
_a-look-inside-vintage-and-handmade-department-store-flea-circus.jpg)
_search-efforts-in-lahad-datu-water-surge-incident-called-off.jpg)
_the-new-porsche-macan-4-in-aventurine-green-metallic-driving-video.jpg)
_american-soldier-arrested-in-russia-on-theft-charges-as-arrests-of-americans-in-russia-reach-levels-similar-to-cold-war.jpg)
_leger-fernandez-calls-out-house-gop-for-disrespectful-behavior-towards-acting-labor-sec-julie-su.jpg)
_free-people-presents-124-dream-girl.jpg)
![[+]](/images/menu.gif){kind=small}