There’s a write up on TheKen site, citing the lost ‘premium’-ness of the Lounges due to all card companies providing freemium mode of access. This offering has turned the card issuers from card luring to liability effect. Based on the snippet that I could read for free on the site, there’s rethinking of providing this facility in the future. Investors would be well advised to re-assess the thesis in light of new evidence.
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