_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 do i need a website to earn with linkr com 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: 180K times
✓ Published: 11-May-2024
👁 View: 180K 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
_supporting-men-who-want-to-change-could-be-one-solution-to-ending-violence-against-women-but-the-sector-warns-more-is-ne.webp "Advocates say programs which work with men to help address violent behaviour could help in the effort to end violence against women. While these programs do exist, men in Canberra who want to take part may face long waits.")
_we-need-to-put-our-money-where-our-mouth-is-jill-tokuda-presses-austin-on-defense-infrastructure.webp "During a House Armed Services Committee hearing on Tuesday, Rep. Jill Tokuda (D-HI) questioned Defense Sec. Lloyd Austin about infrastructure investments and Israel’s use of weapons in Gaza.<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")
⏲ 5:6 👁 1.7M
_10-doctor-who-behind-the-scenes-secrets-you-need-to-know.webp "Uncovering some of Doctor Who's most intriguing behind the scenes secrets.")
_things-you-need-to-know-about-stray.webp "Who doesn't love cats? Who doesn't love games? Who doesn't love cat games? But there's more to this cat simulator than it seems and here's 4 reasons why.")
_guardiola-on-title-race-and-need-for-perfection.webp "Guardiola on title race and need for perfection<br/><br/>etihad stadium, Manchester, UK")
_shocking-hidden-truths-and-details-you-need-to-know-today.webp "Uncover the shocking hidden truths and details you need to know today! Dive into our eye-opening exploration and be amazed by what you discover. Don't miss out—join us for an unforgettable journey! Animation is created by Bright Side.<br/>----------------------------------------------------------------------------------------<br/>Music from TheSoul Sound: https://thesoul-sound.com/<br/> <br/>Check our Bright Side podcast on Spotify and leave a positive review! https://open.spotify.com/show/0hUkPxD34jRLrMrJux4VxV<br/> <br/>Subscribe to Bright Side: https://goo.gl/rQTJZz<br/>----------------------------------------------------------------------------------------<br/>Our Social Media:<br/>Facebook: https://www.facebook.com/brightside<br/>Instagram: https://www.instagram.com/brightside.official<br/>TikTok: https://www.tiktok.com/@brightside.official?lang=en<br/> <br/>Stock materials (photos, footages and other):<br/>https://www.depositphotos.com<br/>https://www.shutterstock.com<br/>https://www.eastnews.ru<br/>----------------------------------------------------------------------------------------<br/> For more videos and articles visit:<br/>http://www.brightside.me<br/> ----------------------------------------------------------------------------------------<br/>This video is made for entertainment purposes. We do not make any warranties about the completeness, safety and reliability. Any action you take upon the information in this video is strictly at your own risk, and we will not be liable for any damages or losses. It is the viewer's responsibility to use judgement, care and precaution if you plan to replicate.")
_ridley-scott-describes-his-original-39gladiator-239-opening-scene-with-russell-crowe-and-now-i-need-to-see-this.webp "Sir Ridley Scott has enjoyed a long and illustrious career, one that extends all the way back to \")
_kylian-mbappe-do-real-madrid-need-the-psg-star.webp "Is the Bernabeu big enough for Jude Bellingham AND Kylian Mbappe?")
_supporting-men-who-want-to-change-could-be-one-solution-to-ending-violence-against-women-but-the-sector-warns-more-is-ne.jpg)
_we-need-to-put-our-money-where-our-mouth-is-jill-tokuda-presses-austin-on-defense-infrastructure.jpg)
_10-doctor-who-behind-the-scenes-secrets-you-need-to-know.jpg)
_things-you-need-to-know-about-stray.jpg)
_guardiola-on-title-race-and-need-for-perfection.jpg)
_shocking-hidden-truths-and-details-you-need-to-know-today.jpg)
_ridley-scott-describes-his-original-39gladiator-239-opening-scene-with-russell-crowe-and-now-i-need-to-see-this.jpg)
_kylian-mbappe-do-real-madrid-need-the-psg-star.jpg)
![[+]](/images/menu.gif){kind=small}