Yep, even financial institutions do this and half of them don’t even use domains they own for the tracking links.
Years and years of “don’t click on suspicious links” out the window because bank.example.com/creditcard is turned into 4828fjfneo848.totallyfine.adtracker.thirdparty.example.org
I hate all of it but nobody seems to give a shit (nor do they care to implement proper 2FA to effectively guard against phishing) so whatever. If people have their accounts drained because marketers gotta get that sweet engagement metric, what does it matter any more?