_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 identity protection pin 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
_pandas-hard-to-say-goodbye.webp "When it came to say good-bye to his \")
_never-let-go-movie-2024-halle-berry.webp "Never Let Go Movie Trailer HD - Plot synopsis: From visionary director Alexandre Aja (The Hills Have Eyes, Crawl) and producers of Stranger Things and Arrival comes NEVER LET GO. In this new psychological thriller, as an evil takes over the world beyond their front doorstep, the only protection for a mother, played by Academy Award® Winner Halle Berry (Actress in a Leading Role, 2001 – Monster’s Ball), and her twin sons is their house and their family’s protective bond. Needing to stay connected at all times – even tethering themselves with ropes – they cling to one another, urging each other to never let go. But when one of the boys questions if the evil is real, the ties that bind them together are severed, triggering a terrifying fight for survival.<br/><br/>Never Let Go – in theaters September 27! Starring Halle Berry, Percy Daggs, Anthony B. Jenkins.")
_we-just-realized-miley-cyrus-wild-grammys-dress-was-made-of-14000-safety-pins-and-now-im-even-more-shook.webp "When Miley Cyrus showed up at the 2024 Grammys, her out-there red carpet look was both dense and barely-there, a dichotomy that made the outfit feel tough and delicate at the same time. Cyrus has now shared more about the look and how it came together. We feel silly saying this, but we had no idea the dress was made out of safety pins. 14,000 safety pins, to be exact. <br/><br/>Cyrus opened up about the look in a post on Instagram, noting how some of the intensive details on the ‘fit came together. Maison Margiela was responsible for crafting the design, which is one of several the pop singer sported during the event, as she also performed onstage and accepted awards for Best Record and Pop Solo Performance.")
⏲ 1:4 👁 1.6M
_we-are-never-ever-getting-back-together-2024-full-movie.webp "Lisa accidentally sleeps with her CEO ex-husband, Aidan, for the first time. He had neglected her so much that he doesn't even know her face. Next day, in a comedy of mixed identities, Aidan hires her to be his secretary and starts pursuing her. Will she take him back?")
_ary-news-10-pm-headlines-16th-may-2024-124-noon-league-ke-andar-se-awazian-aana-shuru-zaraye.webp "#pmln #headlines #PTI #imrankhan #supremecourt #faisalvawda #farmersprotest #maryamnawaz <br/><br/>۔Govt mulls establishing Digital Rights Protection Authority: sources<br/><br/>۔Zartaj Gul was in tears after Tariq Bashir Cheema episode<br/><br/>۔Mohsin Naqvi says being defamed over legal, declared property<br/><br/>Follow the ARY News channel on WhatsApp: https://bit.ly/46e5HzY<br/><br/>Subscribe to our channel and press the bell icon for latest news updates: http://bit.ly/3e0SwKP<br/><br/>ARY News is a leading Pakistani news channel that promises to bring you factual and timely international stories and stories about Pakistan, sports, entertainment, and business, amid others.<br/><br/>Official Facebook: https://www.fb.com/arynewsasia<br/><br/>Official Twitter: https://www.twitter.com/arynewsofficial<br/><br/>Official Instagram: https://instagram.com/arynewstv<br/><br/>Website: https://arynews.tv<br/><br/>Watch ARY NEWS LIVE: http://live.arynews.tv<br/><br/>Listen Live: http://live.arynews.tv/audio<br/><br/>Listen Top of the hour Headlines, Bulletins & Programs: https://soundcloud.com/arynewsofficial<br/>#ARYNews<br/><br/>ARY News Official YouTube Channel.<br/>For more videos, subscribe to our channel and for suggestions please use the comment section.")
⏲ 7:0 👁 70K
_we-just-realized-miley-cyrus-wild-grammys-dress-was-made-of-14000-safety-pins-and-now-im-even-more-shook.webp "When Miley Cyrus showed up at the 2024 Grammys, her out-there red carpet look was both dense and barely-there, a dichotomy that made the outfit feel tough and delicate at the same time. Cyrus has now shared more about the look and how it came together. We feel silly saying this, but we had no idea the dress was made out of safety pins. 14,000 safety pins, to be exact. <br/><br/>Cyrus opened up about the look in a post on Instagram, noting how some of the intensive details on the ‘fit came together. Maison Margiela was responsible for crafting the design, which is one of several the pop singer sported during the event, as she also performed onstage and accepted awards for Best Record and Pop Solo Performance.")
_we-just-realized-miley-cyrus-wild-grammys-dress-was-made-of-14000-safety-pins-and-now-im-even-more-shook.webp "When Miley Cyrus showed up at the 2024 Grammys, her out-there red carpet look was both dense and barely-there, a dichotomy that made the outfit feel tough and delicate at the same time. Cyrus has now shared more about the look and how it came together. We feel silly saying this, but we had no idea the dress was made out of safety pins. 14,000 safety pins, to be exact. <br/><br/>Cyrus opened up about the look in a post on Instagram, noting how some of the intensive details on the ‘fit came together. Maison Margiela was responsible for crafting the design, which is one of several the pop singer sported during the event, as she also performed onstage and accepted awards for Best Record and Pop Solo Performance.")
⏲ 1:4 👁 135K
_smokers-banned-from-using-ashtray-after-nesting-blue-tits-move-in.webp "Smokers have been banned from using a village hall ashtray bin after it was taken over - by a family of nesting blue tits.<br/><br/>The chicks hatched in the wall-mounted cigarette bin outside Astley and Dunley village hall, in Stourport-on-Severn, Worcs.<br/><br/>Village hall co-ordinator Hazel Spicer discovered the birds when she spotted a pile of cigarette butts under the bin.<br/><br/>She said: “I was opening up the village hall for a group activity when I looked over at the ashtray.<br/><br/>“There was a very neat pile of cigarette butts piled up under it which I thought was strange.<br/><br/>“I wondered over and heard a ‘cheep cheep’ sound and realised it was now home to some little birds.<br/><br/>“The adults must have gone in and thrown out the butts one by one and then set up home. <br/><br/>“I didn’t want anyone putting their cigarettes in the ashtray so we made a sign asking people to respect the birds. <br/><br/>“It’s not the most ideal place for them to build a nest but it suits them pretty well.<br/><br/>“We had blue tits use the bin a few years ago so I’m guessing they must be from the same family who come back each year.”<br/><br/>A notice has now been attached to the bin, asking smokers to put out their ciggies elsewhere. <br/><br/>The sign reads: “Could you please use buckets provided for cigarettes. Birds are nesting in cigarette boxes on wall, thanks.”")
_pandas-hard-to-say-goodbye.jpg)
_never-let-go-movie-2024-halle-berry.jpg)
_we-just-realized-miley-cyrus-wild-grammys-dress-was-made-of-14000-safety-pins-and-now-im-even-more-shook.jpg)
_we-are-never-ever-getting-back-together-2024-full-movie.jpg)
_ary-news-10-pm-headlines-16th-may-2024-124-noon-league-ke-andar-se-awazian-aana-shuru-zaraye.jpg)
_we-just-realized-miley-cyrus-wild-grammys-dress-was-made-of-14000-safety-pins-and-now-im-even-more-shook.jpg)
_we-just-realized-miley-cyrus-wild-grammys-dress-was-made-of-14000-safety-pins-and-now-im-even-more-shook.jpg)
_smokers-banned-from-using-ashtray-after-nesting-blue-tits-move-in.jpg)
![[+]](/images/menu.gif){kind=small}