John Lewis slashes perks for credit card holders
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John Lewis makes major change to its credit card system
- John Lewis is reducing perks for its credit card holders, requiring shoppers to spend more to get rewards.
- Starting in August, customers will earn one point (worth 1p) for every £10 spent outside John Lewis and Waitrose, a decrease from the previous rate of one point per £4 spent.
- Rewards for spending in John Lewis and Waitrose stores will remain unchanged at five points for every £4 spent.
- Customers will receive triple points in John Lewis stores and online during August for the next three years to offset the reduced points earned elsewhere.
- A John Lewis Money spokesperson stated the changes will help maintain market-leading rewards for spending at John Lewis and Waitrose, and enable investment in valued rewards, including a new bonus in August.