John Lewis credit card - rewards reducing

Largs

Not sure if other people are aware, points going to the basement floor.

Was 1 point for £4 eleswhere.
Now 1 point for £10 elsewhere.

https://www.theguardian.com/business/2025/jun/07/john-lewis-points-credit-card-purchases

HonestJohn

We all got the email, surely?

km1500

First I have heard of it - no email for me.

Thanks for pointing it out

Do you happen to know if they work out the points 'per transaction' or on your monthly statement balance i.e the total

WillPS

0.01% earn rate. Absolutely no reason to hold this card any more.

Dazed_and_C0nfused

WillPS said:

0.01% earn rate. Absolutely no reason to hold this card any more.

Although, from last experience, one likely bonus of getting rid of it is you will be invited to open a new account in a few months with either £20 or £40 worth of points to tempt you back.

Usually with no punitive requirement attached. 

WillPS

Dazed_and_C0nfused said:

WillPS said:

0.01% earn rate. Absolutely no reason to hold this card any more.

Although, from last experience, one likely bonus of getting rid of it is you will be invited to open a new account in a few months with either £20 or £40 worth of points to tempt you back.

Usually with no punitive requirement attached. 

Interesting - when was the last time you received such an offer?

HonestJohn

I will mostly be using my ASDA card with double the points that JL now offer. They reduced theirs too in April for those who did not get that email.

Largs

km1500 said:

First I have heard of it - no email for me.

Thanks for pointing it out

Do you happen to know if they work out the points 'per transaction' or on your monthly statement balance i.e the total

Hi, had a look back and my points are calculated on each individiual spend.  I spent £15 ( 3 points) and £29.99 (7 points) Total £44.99 (11 points) but I get 10, not 11.  Hope that makes sense.  I've closed it now.   

MollyR

I didn't get an email either - seeing it in the Guardian was the first I heard about it.  I guess I'll keep the card for use at Waitrose, and investigate a better one for general spending.

MarzipanCrumble

Closed way before this as cut the credit period to about 2 weeks.  Not worth the plastic it is printed on.

WillPS

MollyR said:

I didn't get an email either - seeing it in the Guardian was the first I heard about it.  I guess I'll keep the card for use at Waitrose, and investigate a better one for general spending.

You can do far better than 1.25% by buying gift cards elsewhere. You might even be able to double dip by buying them using a Barclaycard or Santander Edge credit card.