Redeem points for monetary credit towards balance owing

[QF WP]

Well, NAB must have been reading my posts, because no sooner had I posted this message, than I got the following letter:

Special Offer! Redeem your NAB Gold Reward Program Points

How would I like to redeem by points for a credit towards by bill....

so they value points as such:

$700 credit when you redeem 71,000 points (normally 101,000)
$300 credit when you redeem 31,000 points (normally 41,000)
$125 credit when you redeem 13,000 points (normally 19,000)

Redeem before 40 April 2004, credited within 5 working days.

Whilst an interesting offer, sorry NAB, not for me.

I value my points much higher than you do....

 

[Alan in CBR]

They want to (effectively) buy back their points at less than one cent each? Tell 'em they're dreamin'.