August 15, 2018 07:30:37When you get a free flight, it’s pretty hard to complain, right?
But you might want to think twice about booking a ticket if you have a credit card.
Credit cards are an increasingly common form of payment for airlines, which have found that a small number of airlines allow consumers to pay for flights using them, though some are wary of using them for that reason.
The big airlines are still largely reluctant to allow consumers use their credit cards for booking flights.
And as with all payment methods, they’re likely to look to their suppliers for guidance on how to best handle the situation.
“Airlines have historically used their suppliers to facilitate the payment of airfares through their own payment systems,” said Josh Smith, senior vice president at credit card processing company TransUnion.
“It’s something we’ve always done, and it’s something that we’re going to continue to do.”
The industry, however, is beginning to acknowledge the potential for problems.
“We’re going in the right direction,” said John Deere, president and chief executive of the U.S. Chamber of Commerce’s Airline and Commuter Alliance.
“We want to make sure our suppliers are taking this issue seriously, and that we get the right guidance from them.”
The airlines and their suppliers agree that it’s important for them to have clear guidelines on how the system should be set up.
“I’m concerned about the credit card payment issue because I think it’s going to lead to a lot of confusion for our suppliers,” Smith said.
“And so it’s really important that we do the right thing.”
Smith said that he and other airline executives have been meeting with their suppliers, as well as some federal regulators, to make changes.
If they can’t agree on what kind of payment model the airlines should use, they will likely go with a system that is compliant with the Consumer Financial Protection Bureau’s compliance guidance.
“The big airline companies have said, ‘This is the way that we are going to go, and if you can’t, we’ll just stop accepting payments through credit cards,'” Smith said, referring to airlines that accept payments through debit cards.
“But I think we’re starting to see some real pushback from the credit cards guys, who want to know how do we do this in the best way possible, and how do you set it up so that the airlines can take advantage of this new technology.”
The problem with credit card usageThe industry has faced a number of problems in recent years with credit cards, especially with regards to how they are used by consumers.
The airlines are already under pressure from consumers who are demanding that they do more to stop the fraud that occurs through credit card misuse.
According to a 2015 report by the Federal Trade Commission, fraud and abuse is the second-leading cause of consumer complaints on credit cards.
And there is growing concern that the industry has been moving too slowly to address this issue.
For example, a 2016 survey by research firm CreditCards.com found that nearly half of Americans who are familiar with the industry said that they have been a victim of identity theft or other fraud.
“Consumers are understandably upset about fraud, and they want the airlines to be transparent about how they’re paying for flights and to stop using credit cards as payment,” said Kevin McDaniel, a senior analyst at credit analysis firm Experian.
“If you can show that the companies are using credit card methods as payment, that’s going a long way toward making it easier for them.”
But there are many other ways that credit card users can be defrauded.
The TSA, for example, warns that credit cards can be used to pay with counterfeit or altered ID cards.
In addition, credit cards are often used to fund fraudulent purchases at restaurants and other businesses, which can be a particularly risky practice because many customers will likely use credit cards to make purchases that they shouldn’t have.
If you need help with your credit card debt, contact a credit counselor.