Australia’s biggest bank has unveiled a major overhaul to how Aussies can earn rewards points as banks tweak their offerings ahead of the Reserve Bank of Australia’s (RBA) looming card surcharge ban.

Leaving aside the Qantas kick in the teeth, CBA’s revamped Yello rewards scheme is an interesting – possibly just extra – option for customers.

Australia’s biggest banks are hiking credit card fees and slashing rewards perks for customers as they try to claw back millions in revenue ahead of the Reserve Bank of Australia’s surcharge ban.

NAB has removed fees for customers who go over credit card limits, while ANZ has sharply curbed their use, but the other two ...

The loyalty program that once rewarded you for spending could now be costing you more than it delivers. ... Read More The post What the credit card loyalty overhaul means for rewards appeared first on ...