OREANDA-NEWS. The new terms and conditions of Swedbank’s credit card reward programme will enter force on 11 May 2011, reported the press-centre of Swedbank.

The amendments do not concern the content of the terms and conditions. We have simply explained the examples given in the terms and conditions in greater detail. This makes the terms and conditions easier to understand for clients, and they should also find it easier to calculate when their reward points will expire.

The programme – in which the cardholder will earn either 1, 1.2 or 1.5 points for every EUR 6 they spend (depending on the card they use) – will remain valid as before. Reward points are valid for one year if collected with a Visa or MasterCard and for five years if collected with American Express cards. Cardholders can use the reward points to select free gifts for themselves.