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Points in peril?

CHANGES to credit card “interchange fees” proposed by a government review are likely to have a major impact on airline loyalty points schemes. The Reserve Bank has released draft rules detailing changes which are estimated to have an impact of as much as $800 million on bank and airline income from the purchase of loyalty points. Interchange fees for bank-issued Visa, MasterCard and Amex cards would be capped at 0.8% rather than the current 2.2% maximum. The fees are generally used to purchase ...

The above snippet is the first part of an article sent to subscribers in Travel Daily's issue from 04 Dec 15

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