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Bad offer: 10x Everyday Rewards points on $50 and $100 Visa gift cards at Woolworths

Image: Woolworths

Earn 10x Everyday Rewards points per dollar spent on $50 and $100 Vanilla Visa gift cards when you buy them in-store at Woolworths between 22 Jan and 28 Jan 2025. Limit of five gift cards per day.

Disappointingly, this offer excludes the variable load $25-500 Visa gift cards so it’s a complete waste of time and money. If you buy the $50 or $100 cards, the points you earn won’t even offset the $5.95 purchase fee:

  • $50 Visa gift card ($5.95 fee) earns you 500 EDR points worth $2.50
  • $100 Visa gift card ($5.95 fee) earns you 1,000 EDR points worth $5.00

In previous offers that included the $25-500 variable card, each one you bought loaded with $500 would earn you 5,000 EDR points (worth $25 or 2,500 Qantas points) so you’d still be well ahead after paying the purchase fee. With this new one, you can only lose money.

If we all boycott this terrible offer maybe Woolworths will learn their lesson like Coles did last year when they tried to halve the number of bonus points on their Mastercard gift cards.

Included Gift Cards

7 Comments

7 Responses

  1. Agree totally not worth it. Normally buy heaps of them but why would you buy any of these?

    Reply

  2. $50 Visa gift card ($5.95 fee) earns you 500 EDR points worth $2.50 – (Actually – it is $3.45 loss net after points vs fee)
    $100 Visa gift card ($5.95 fee) earns you 1,000 EDR points worth $5.00 (Actually – it is $0.95 loss net after points vs fee)

    Reply

  3. If you convert to Qantas points I believe you can still end up in the green.
    Consider getting $3,000 worth of cards over the promo period. This will net you 15,000 Qantas points after conversion from EDR. If you purchase the cards using a Qantas points earning CC too (for this example Amex Qantas Ultimate @ 1.25 Q points per 1$ spent) you will end up with a total 18,973 points ([105.95 * 30 * 1.25] + 15,000 = 18,973.125).
    This will set you back $178.50 in fees but, using the Q point value assigned on PointHacks of 1.9 cents per point your 18,973 points are worth approx $357.07 netting you about $178.5 worth of $ value. Noting the Q points values on freepoints the 18,973 points could be worth a potential $948.65 if you redeem them on an international first classic reward, or $758.92 on business.

    Is this worth the hassle of dealing with 30 separate gift cards though?
    Curious for any thoughts on this…

    Reply

    1. You’re not necessarily wrong, it’s just that the issue here is more one of principle as no one wants to see this become the norm for these offers going forward.

      Reply

    2. Username checks out. I would say case by case. If you really had your eye on a business/first reward flight and were say 15,000 points short, this is a reasonably quick and affordable way to obtain those points.

      Woolies won’t be getting any of my business this time round.

      Reply

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