Free airport lounge access helped sell more credit cards. Now its come to bite banks
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Introduction
Last year, airport lounges saw a footfall of over 8 million people. What was once exclusive became a top selling feature for non-premium cards issued by banks. The lounge access freebie became such a top selling point that banks started setting up kiosks right outside these airport loungs. But earlier last month, we heard news that access bank, which is the country's fourth largest credit card issuer, revised its lounge policy.
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Transcript
