New Data Underscores Consumer Preference for Airline Credit Card Points

The well-known trade group for the US airline industry, Airlines for America (A4A), recently released compelling data highlighting the broad appeal of airline rewards credit cards among consumers.

A national survey found that an astounding 81% of participants stressed the value of using their credit or charge cards to accrue bonus reward amex card points for travel. This statement highlights the significant impact that these cards have on customers’ lives, as they enable them to accrue points from regular purchases for upcoming travel, getaways, or other alluring incentives.

The survey also showed how engaged and aware people are of travel reward credit or charge cards—an astounding 73 percent of respondents actively track the points they accrue. Remarkably, seventy-seven percent of participants said they american express gold card use their points for redemption within a year of accruing them, demonstrating the timely and useful use of the incentives.

But A4A alerts us to possible risks to these initiatives, particularly with regard to the Durbin-Marshall credit card bill. If enacted, this legislation might restrict consumer options in networks that handle credit transactions, increasing costs and complexity. The Dodd-Frank Act’s 2010 provision that caused debit card rewards to almost disappear is used by the A4A to highlight the danger of history repeating itself.

The Points Guy shares this worry, emphasising that the bill might make it more difficult for banks to finance loyalty initiatives, safe networks, and cutting-edge payment technologies. According to A4A’s analysis from September, there are approximately 30 million airline credit card holders in the United States, which means that approximately one out of every four households has an airline credit card.

These cards are crucial because they will account for 63% of all frequent flyer miles/points earned in 2022. The rewards will support $23 billion in economic activity, 15 million domestic visitor trips, and jobs. The information emphasizes how popular and influential airline american express credit cards are with American consumers.

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