CBA punishes Qantas customers in reward points overhaul
- Posted on August 18, 2026
- By The Age
- 1 Views
- 1 min read
In brief
Commonwealth Bank of Australia has restructured its rewards program in partnership with Virgin, impacting Qantas frequent flyer members. This strategic shift coincides with regulatory pressure from the Reserve Bank of Australia to reduce interchange fees on credit card transactions. The overhaul reflects changing dynamics in the competitive loyalty and banking sector, forcing customers to reassess their card choices and redemption strategies amid tighter fee regulations.
Summary auto-generated by AI from the original publisher's content. Editorial standards.
CBA punishes Qantas customers in reward points overhaul
The bank has struck a new partnership with Virgin ahead of a move by the RBA to cut the fees that can be charged for credit card transactions.
