Abstract: Credit card reward schemes have suffered a nasty bout of inflation. It's taking more and more spending to get those "free" air tickets, home wares and electronic gadgets that made reward cards so attractive. An obscure report released by the Reserve Bank last week blew the whistle. It revealed the average spending required to earn a $100 shopping voucher on major bank reward cards three years ago compared with today. In 2003, it took an average of $12,400 but now its $16,000 - an average annual increase of $1200. .
[Source: The Sydney Morning Herald]
