Senators Call Out Airline Loyalty Programs for 'Unfair' Tactics on Points Value

U.S. senators question airline loyalty programs' "unfair and deceptive" tactics regarding points value and redemptions.

Senators allege airlines incentivize card spending but retain power to "strip consumers of rewards."

30 million Americans have airline credit cards generating $23 billion in economic activity in 2022.

Senators cite high cost of buying points directly from airlines compared to points' actual worth.

Effort stems from proposed Credit Card Competition Act to add competition and lower merchant fees.