Why credit card rewards schemes are being slashed

28 Sep 2026 · 3:06

Episode Why credit card rewards schemes are being slashed

0:00 3:06

Banks are cutting credit card rewards points, increasing fees and trimming travel insurance perks ahead of a ban on card surcharges.

The Commonwealth Bank has wound up its Qantas Frequent Flyer partnership in favour of a new in-house program called Yello.

So will Australians put up with smaller rewards, or start shopping around?

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