Anna Maria Andriotis

speaker
3,396 appearances 52 recordings 1 series first heard Jul 2017 last heard Dec 2022

Anna Maria Andriotis’s voice in public audio — every appearance, attributed to the second.

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So one customer who I spoke with called her issuer and basically said, look, I'm not really using this card right now. matched
There's really no incentive for me to use this airline travel card. matched
And so she was given a $200 statement credit. matched
It didn't fully cover her annual fee, but it helped to offset it by a good amount. matched
So this is certainly a conversation that's happening between cardholders and their banks. matched
Not everybody wants to shut down these cards, right? matched
And everybody, at least from the cardholders who we spoke to for this story, many of them are looking forward to returning to travel, but nobody knows how sweet that's going to be matched
and they don't see why they should be paying full price, especially for the more premium, more expensive airline cards. matched
So they're basically looking for options here that would either result in a discount or fully covering the annual fee or downgrading to a cheaper version. matched
But really pulling back from all of this, what's going on here is that, look, these weren't conversations that were happening before the pandemic. matched
Spending has changed dramatically. matched
And as the pandemic goes on, the appeal of these cards goes away for more and more people. matched
And so this is a challenge for the airlines and the issuers that they're trying to keep these people engaged a good nine months into pandemic when leisurely travel for most of the population still seems a ways off. matched
Thank you. matched
In normal circumstances, one would say credit scores increase.
That's a great sign.
It's a great sign of consumer financial health.
and should mean that lenders should feel more confident to lend to more people.
But we're in anything but normal circumstances.
Great to be with you.
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