The RBA is Coming for Your Points
The Reserve Bank of Australia plans to ban card payment surcharges and reduce interchange fees from July 2026. This will likely reduce the reward points Australians earn from credit cards.
The Reserve Bank of Australia plans to ban card payment surcharges and reduce interchange fees from July 2026. This will likely reduce the reward points Australians earn from credit cards.
Westpac is changing the earn rates and introducing monthly points-earning caps on its Altitude Rewards, Altitude Qantas and Altitude Velocity credit cards from 1 August 2025.
Australians can now convert American Express Membership Rewards points to British Airways Club Avios at a 2:1 rate. This unlocks an additional way to obtain Avios in Australia without using Qatar Airways Privilege Club.
Westpac Altitude and St.George Amplify members can now transfer their credit card reward points to Qantas Frequent Flyer, by first converting them to Everyday Rewards points.
We compare the credit card reward point expiration policies of different Australian banks, as well as their policies on changing reward costs without notice.