arun said:The coles Myer companies have doubled the flybuys points. Now you get 2 points for every dollar you spend. It is a great change. I hope the rewards do not become expensive.
kristo said:Flys Buys is still a VASTLY INFERIOR SCHEME to most other reward schemes, in fact bordering on a rip off.
For example to fly from Sydney to Hamilton Island requires 41800 fly buys points which at 2 points for $5 spent requires $105,500 to be spent to fly to Hamilton Island. With nearly all other Credit Card reward schemes you get 1 point per dollar and Qantas require 30000 points to fly to Hamilton Island, so you need only spend $30000.
So obviously with Fly Buys you must spend nearly 400% more to get the same flight.
kristo said:arun, getting 2500 points for spending $90 on trousers may well be good but that is 70 times the rate advertised at 2 points per $5.
As another example, you must spend $1100 at a Fly Buys outlet to get a $7 movie ticket which is .63%.
I would not spend $1100 at a fly buys outlet in 12 months and probably 2 years
I agree that Fly Buys is a bonus but just be carefull you are not paying more by shopping in an overpriced store.
Otherwise fly buys is a free bonus as you say.