From: Bank happy with revamped loyalty scheme | Herald Sun
FLYBUYS points will no longer be available from Myer, but changes to the scheme mean that the rewards can be redeemed sooner.
The FlyBuys loyalty scheme, a joint reward program between National Australia Bank and Coles Myer, has about six million Australian members. The changes, which come into effect later this month, mean members will now need only a quarter of the previous number of points to claim awards.
For example, a reward that previously required 10,000 points, will now require just 2500.
A spokeswoman for NAB said customers had more to gain than lose from the changes, and that she expected more Australians to become members of the FlyBuys.