Originally Posted by
sbiddle
And that's only going to get a lot worse when interchange rates are slashed. I don't quite know how banks will explain to customers that their APD and SP earn rates will be slashed..
Yes, you're right, I too think that's an inevitable consequence. Farmers have suffered a severe backlash against recent dilution of their loyalty programme, but a devaluation of AP & SP earning on credit cards could be much worse.