Credit card benefits are an integral part of customers' financial planning, providing crucial mileage points, cashback offers, and other incentives that help maximize savings. However, in recent years, many banks have abruptly removed or drastically reduced these benefits, such as airport lounge access, lower annual fees, and free additional cardholders, without prior consultation or notice to the consumers. This leaves many customers at a loss, having made financial commitments with the expectation of continued benefits.

We are urging financial regulatory bodies to mandate banks to conduct comprehensive surveys and a minimum 1/4 of the current cardholders to agree with the changes before deciding to remove any current card benefits. This would ensure that customers' views and needs are taken into consideration before any alterations are made. It's crucial that these surveys be transparent and inclusive, offering a platform for all cardholders to express how potential changes might impact them.

Moreover, it's essential that banks provide a minimum of 10 years notice before any elimination or reduction of such benefits to give consumers adequate time to adjust their financial plans. Equally important, all benefits that were removed after July 1st, 2015 must be restored, ensuring fairness for those who have been negatively affected by such changes without adequate warning.

This petition is a call for fairness and transparency in banking operations, reinforcing trust between customers and financial institutions. Join us in holding banks accountable for acting in the best interests of the consumers and ensuring a balanced, fair approach to financial product management. Please sign this petition to advocate for these necessary changes, safeguarding consumer rights and benefits.