If the rate at which we sign up to loyalty schemes is any indication, Australians can't resist a free flight or another kitchen gadget.

But most of us have no idea what we're giving up in exchange for that trip to Melbourne or the latest model stick blender.

For the first time, the Australian Consumer & Competition Commission has lifted the lid of how Australians' favourite loyalty schemes operate and revealed the implicit bargain consumers make with big companies when they sign up.

The report raises concerns about the opaque terms and conditions of loyalty schemes, preventing consumers from making

Advertisement
Advertisement