This is confusing. That, or I am not grasping the concept the right way.
The T&Cs show this:
20.5 Loyalty Bonus
20.5.1 Until 30 November 2011, members will be awarded a Loyalty Bonus of 5,000 Points for every 450 Status Credits earned.
20.5.2 From 1 December 2011, Members will earn a Loyalty bonus of 8,000 points for every 500 Status credits earned within a single membership year - up to a maximum of four Loyalty bonuses per membership year.
20.5.3 At 1 December 2011, Status credit balances relating to the calculation of the Loyalty bonus will be adjusted to recognise only those earned within the member's current membership year. Status credits earned in previous membership years will not be recognised in the calculation of Loyalty bonus after 1 December 2011.
I need 195 SCs to get to my next loyalty bonus (ie my current loyalty bonus accumulation is 450-195 = 255 SCs).
I got a 5,000 point loyalty bonus in September 2011.
My membership year ends June 30 every year.
I've earned 395 SCs since 1 July 2011, ie the start of my current membership year.
Assuming I don't earn any SCs for the rest of this month, does that mean on 1 December 2011 my current loyalty bonus accumulation will change from 255 to 395?
On the other hand, if I earn 195 SCs this month, does that mean I will get a 5,000 point bonus AND bring my membership year tally to 195+395 = 590 SCs, so then when the clock ticks over on 1 December I will be 90 SCs
over the first loyalty bonus increment for this membership year? That means they'd have to give me another 8,000 pts for the 500 I've
already earned this membership year...?
It doesn't specify anything about backdating or accounting for those who have earned over 500SCs in their current membership year as at 1 Dec 2011..
Someone please correct me if I'm wrong.