I just got a letter saying the there are changes being made to my rewards program which will take effect from 15 April 2019. The letter says the rewards will increase and I can see in some categories of purchases this appears correct. But the letter also say there are changes to the redemption rates but it is not clear what the actual effect it.
For example the letter says that transfer to 8 airline rewards partner programs will result in 2 membership rewards points and 1 partner-point or dollar value conversion. There are other rules for different programs also. However I have no idea if this represents a reduction in the conversion rates.
My question is if I should transfer all my points before the April next year.
Has anyone worked out what the changes really mean?