Hi OZB'ers,
With the new woolworths rewards scheme, there are 3 redemption preferences:
Automatic savings
Unless you change your reward to one of the below, you'll automatically get $10 off your next eligible shop^ in-store or online at Woolworths or BWS (excluding Tasmania), each time your balance hits 2000 points.Bank for Christmas
You can now choose to bank all your $10 savings for your Christmas shop. Your savings will be automatically triggered (i.e. become available on your card) on 15 December 2016.Qantas Points
If you choose this reward, you can convert your savings to Qantas Points and they'll automatically be transferred to your Qantas Frequent Flyer account on 15 December 2016. 2000 points = $10 Woolworths Dollars = 870 Qantas Points. So, if you earn 10,000 points, this becomes $50 Woolworths Dollars, which will be converted to 4,350 Qantas Points.
Sometimes, you want the $10 redeem, sometimes you don't (e.g. trying to make $30 spend).
With Coles, at every $10 redemption opportunity at checkout, you can choose not to do so.
With Woolworths, the closest is 'Bank for Christmas'.
Question: If I want to stop the $10 auto-redeem from happening temporarily, do you think selecting 'Bank for Christmas', will freeze whatever points I currently have, until 15 Dec 2016? In other words, even if I change back to auto-redeem before Christmas, will they be made available for auto-redeem?
Thanks for sharing your thoughts/info.
Cheers,
bluesky
It appears you should be able to do this - from the Woolworths Rewards FAQ page:
How often can I change my redemption preference?
You can change your reward preference as many times as you like.
If you're banking your savings for Christmas or converting them to Qantas Points, you can't change your preference within 48 hours of your next scheduled redemption.
By the way, if you're trying to make the $30 spend threshold (or any other amount threshold for bonus points, extra $$ off promotions/offers etc), in my experience it makes no difference whether you use the auto-redemption option or not - the $10 off is just treated as a payment method, so as long as the total of your shopping reaches the required spend threshold, you should qualify for whatever benefit/bonus offer you're aiming for (e.g. fuel voucher for $30 spend, etc).