Those households that shift the majority of their spend through a single account ­at the highest reward level to get the maximum amount of rewards – an old ‘trick’ to max out reward potential – are surely unhappy. And customers (like this author) who are on an atypical account-type (such as Gold, but should be on Premier, or Premier, but should be on Private Clients) will also be affected by this change as their spend will generally easily hit the reward caps.

Full 2018 earn rules are available here.

* Hilton Tarrant works at YFM. He can still be contacted at

* He owns shares in FirstRand, first purchased in July 2011.

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