Is my rough calculation wrong? And BTW I'm just pasing my evening with some maths! How sad
But something seems seriously bad value about this scheme.... UNLESS you pump massive amounts through woolies owned stores.
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Say over a period of 1 year, a couple spends $130 a week on groceries from WW. $6760 spent in the year.
130 -30 = 100 points per week. 5200 points earned from the new scheme each year. Plus the 6760 points from a credit card double dip on a 1:1 ratio card. So it's 11960 points lets just call it 12k
If the same groceries were to cost $125 a week at Coles or IGA for arguments sake...$6500 spent. Plus 6500 points on the credit card.
A saving of $260 plus 6500 points.
Currently Qantas has $69 fares MEL-SYD one way. Not to mention Virgin and Tiger and Jetstar every day and sale fares etc
12k points gets you to Syd and half way back (16k needed).
So for this couple, the whole scheme seems rather silly to dedicate yourself to woolies. better to shop smart and shop for the lowest prices.
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Compare it to say a large family spending $400 a week on groceries.
370*52 = 19,240 points + cc 20,800 = ~40k points.
Now thats more substantial..... but not sure how much large families spend on shopping each week. I live alone atm
But again they need to dedicate themselves to woolies and lose out if coles or other supermarkets are cheaper.
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Thoughts?