Members of Woolworths’ Everyday Rewards scheme already get frequent flyer points for shopping, and can trade fuel discounts for points if they’re so inclined. A new credit card from Woolworths offers even more points gaining options, but as with so many rewards schemes, they don’t come cheap.
The Everyday Rewards Qantas Credit Card is effectively a Mastercard from HSBC which gives you a point for every dollar you spend on the card. If you use your card at Woolworths, Big W or another Everyday Rewards store, you’ll also get the usual bonus points (so spending $130 will get you 230 points).
However, at $89 a year and with a basic interest rate of 19.99%, it’s some way from being the cheapest credit card on the market. There’s an interest free period of up to 55 days, so you could exploit the card to get points at relatively low cost, but it would require a fair bit of effort and planning. Woolworths is pushing the convenience of having one card for your wallet, but you still need to scan the Everyday Rewards bar code on the back to earn the full set of points.
Perhaps the most interesting data in the announcement is that 3 million of the 5.4 million Everyday Rewards customers have registered for the Frequent Flyer option. No wonder competition for seats on popular travel days remains so tough.