John Lewis slashes points its credit card holders earn on purchases elsewhere

The rewards for spending in the group’s own stores will remain unchanged at five points for every £4 spent. Photograph: Michael Melia/Alamy

John Lewis promises its shoppers are “never knowingly undersold” but those with its Partnership credit card may feel short-changed after it slashes perks for general spending.

Points earned on purchases convert into gift vouchers to spend in John Lewis and its sister chain Waitrose, with each point equating to 1p.