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May 2, 2007
NEWS: NatWest Changes Miles
British airline NatWest will be
changing its reward scheme, according to a
recent press release. Some two million NatWest-branded
credit cardholder will no longer be able to
accumulate miles, as of June 1, 2008. But not to
fret, NatWest flyers – the company will still be
offering miles. Nor will those holding onto
their miles lose them. NatWest is pairing with
online travel agents ebookers and easyJet to
offer two new rewards cards as part of a
newly-inked partnership with Lloyds TSB.
NatWest stated that its new scheme will be
solely available to its current credit
cardholders set up with existing Airmiles
accounts. Most current members will face no
charge for switching over their accounts; some,
however, will be assessed £3 a month for
membership. The new scheme will replace Airmiles,
which has been in existence since 1988. Reps
from the airline say that the time has come to
give customers more flexibility. Lloyds and
Airmiles will launch a new credit card tie-in
with American Express and MasterCard.
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