Credit card rewards points slashed up to 50% ahead of surcharge ban
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Source: The Age
Published: 2026-07-16 18:20 UTC+10:00
Section: Business / Consumer affairs
Factuality Score: 100
Opinion Category: Neutral
Topics: Business & Economy
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Snippet:
Banks have begun reining in the generosity of credit card rewards schemes by slashing points earning rates up to 50 per cent, hiking fees and cutting back airport lounge access, ahead of a ban on the surcharges that have funded such perks.
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