_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 need for speed most wanted 128160om 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
_92.webp "A tattoo artist is covering people's scars for free - and says \")
_92.webp "Meet the 'yes mum' who \")
_radhe-the-most-wanted-bhai---salman-khan-disha-patani-randeep-hooda.webp "Radhe - The most wanted Bhai | Full Movie HD 4k facts | Salman khan | Disha patani | Randeep<br/>The lead actor, doing justice to the tagline in the title (“Your Most Wanted Bhai”), has the entire film to himself. When Radhe loses his cool, which obviously is pretty frequently, there is no stopping him. The one-man army goes all guns blazing. It is, however, Randeep Hooda, in the guise of a brutal baddie in black, who upstages the rest of the cast, which includes Jackie Shroff in an underwritten comic role of a bumbling Assistant Commissioner of Police who seeks to hide his failings behind a wall of bluster.<br/><br/>Available for on-demand viewing on Zee5 – it would also have hit the multiplexes had the second wave of Covid-19 not shuttered movie halls across India – Radhe deals with an urban epidemic of sorts. Youngsters are dropping dead (or harming themselves grievously) owing to widespread drug addiction. Our man Radhe, an under-suspension police inspector, is hurriedly pulled out of hibernation and entrusted with the task of weeding out the drug dealers who are taking a toll on the nation's future.")
_the-moor-movie-trailer.webp "The Moor Movie Trailer - The Moor stars Sophia La Porta, David Edward-Robertson, Elizabeth Dormer-Phillips as well as the late British acting legend, Bernard Hill.<br/> <br/>Claire was just a child when her best friend was abducted and murdered. Twenty-five years later, the killer has served his time and is due to be released. Claire is approached by Bill, the dead boy’s father, who has a plan to keep the killer behind bars. With the help of psychic Eleanor, he takes them deep into the haunted moor which he believes is his son’s final resting place. They find more than just the ghosts of dead children out there - something else, something dark and evil, stirs beneath their feet.<br/> <br/>Chris Cronin's feature-length directorial debut was widely praised following its World Premiere at Pigeon Shrine FrightFest, screening in the prestigious 'First Blood' strand. In Total Film's FrightFest Awards 2023, the film was nominated for Best Director , Best Film and Won Best Scare.<br/><br/>The Moor will be in UK Cinemas from 14th June and on Digital HD from 1st July<br/><br/><br/>Commenting on the film's release, Director Chris Cronin said; \")
_mom-hilariously-outsmarted-by-3-y92-o-son-while-attempting-the-classic-39nutella-prank39.webp "Endearingly hilarious footage has surfaced of Ali discovering that her son is unlike most kids. <br/><br/>\")
_sherwood-forest-family-thanks-emergency-service-workers-for-saving-fathers-life.webp "A burns victim has thanked emergency service workers for helping save his life. <br/><br/>Derick, who was 81-years-old at the time, was at his daughter’s home near Sherwood Forest, on 7 May 2022, when he was involved in a bonfire incident and needed urgent help. <br/><br/>Thanks to the quick response of Nottinghamshire Fire and Rescue Service, East Midlands Ambulance Service, and officers from our road policing unit and response teams, Derick was taken to hospital to be treated for burns to his face and hands. <br/><br/>Now two years later Derick and his family wanted to say a special thank you to everyone who attended and helped them when they needed it most. <br/><br/>Video by Nottinghamshire Police. Full story here: https://www.chad.co.uk/news/people/nmac-15-05-24-sherwoodforest-burns-victim-nmsy-4629088")
_data-released-from-key-technical-testing-for-this-new-kind-of-aircraft.webp "Brandon Robinson, CEO of New Horizon Aircraft Ltd, was recently a guest on Benzinga's All-Access.<br/><br/>New Horizon Aircraft is an advanced aerospace engineering company that is developing one of the world's first hybrid electric vertical take-off and landing (eVTOL) aircraft that is to be able to fly most of its mission exactly like a normal aircraft while offering industry-leading speed, range and operational utility. The company's unique designs put the mission first and prioritize safety, performance and utility.<br/><br/>The company recently provided updates on technical testing for its flagship product.")
_james-cameron-recalls-almost-losing-leo-dicaprio-in-39titanic39-you-change-one-element-and-it-doesnt-work39.webp "James Cameron is a filmmaker with many beloved projects, who is known for pushing the limits of what film and visual/practical effects are capable of. One of his most iconic movies is definitely \")
⏲ 1:10 👁 170K
_92.jpg)
_92.jpg)
_radhe-the-most-wanted-bhai---salman-khan-disha-patani-randeep-hooda.jpg)
_the-moor-movie-trailer.jpg)
_mom-hilariously-outsmarted-by-3-y92-o-son-while-attempting-the-classic-39nutella-prank39.jpg)
_sherwood-forest-family-thanks-emergency-service-workers-for-saving-fathers-life.jpg)
_data-released-from-key-technical-testing-for-this-new-kind-of-aircraft.jpg)
_james-cameron-recalls-almost-losing-leo-dicaprio-in-39titanic39-you-change-one-element-and-it-doesnt-work39.jpg)
![[+]](/images/menu.gif){kind=small}