New Airline Industry Analysis Reveals Popularity of Airline Credit Cards & Loyalty Programs, Impact to Economy
Source: A4A A new analysis by Airlines for America (A4A) – the industry trade group representing major U.S. carriers – reveals there are nearly 30 million U.S. airline credit card holders who rely on their affiliated cards to accrue loyalty points. Unfortunately, some senators are trying to eliminate the benefits that these popular co-branded credit cards bring to consumers and economies across the country.The Federal Reserve estimates that 84% of credit cardholders have some sort of rewards credit card. The Credit Card Competition Act would eliminate consumer choice over which network credit transactions are routed, increasing complexity and confusion. The legislation would unnecessarily increase the cost associated with participating in these rewards programs, threatening the existence of not only the [...]