I'm on Explorer card and just noticed this when I'm exploring (pun intended) what to do before the changes
15% more means $8.52 credit for 1000 points, usually $7.41
will be reduced to $5 for 1000 points by mid April
Might be useful if you're like me, not having an option to convert points to business class flights when you have kids following you everywhere
Not sure about end date, so act fast
Please let me know if this is advertised somewhere and I'll update the post
Update: according to some members this is targeted, so check yours
Update2: looks like only applied to Woolworths transactions. Updated title
Cash out your points as soon as possible. Amex are devaluing their points.
I traded my points for 5 nights stay at a star hotel in melbourne :)