A big four bank has announced a major change for payments in an Australian first move set to"put the power" back in the hands of customers amid a cost of living crunch.
Customers can switch on ‘Pay with Points’ through their Westpac App and use them to receive a cashback within moments of making a purchase.Westpac Consumer FinanceManaging Director Jason Hair said the customer-requested scheme was designed to “put the power” back in people's hands during a cost of living crunch.
Customers can use the scheme when $3 of points or more accumulates and there is no limit to how many can be spent in any one time, nor do they expire. However, customers cannot use the points to repay their credit card balance, or pay for certain transactions including gambling, government payments or cash equivalent transactions.
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Source: 7NewsSydney - 🏆 16. / 63 Read more »