(May, 2006):
Local American Express Cardmembers have joined the rest of Australia in embracing the unique Travelkey program through Varsity Lakes Travel to convert their Membership Rewards® points into travel.

Varsity Lakes Travel is part of Australia's leading independent travel agency network, Travelscene American Express, which launched TravelKey earlier this year.

TravelKey allows for immediate redemption of Membership Rewards points to pay for any travel booking, either fully or partially, including for land, cruise, packages, cars, taxes, travel insurance and service fees. Points can also be used for the best available fare with any airline. There are no black-out periods, and the points can be used for anyone and across any airline at any time.

International Air represents 29% of the TravelKey conversions, closely followed by Domestic Packages (27%) and International Packages (25%), with Domestic Air at 19%. Australian travellers have embraced TravelKey and have now redeemed more than 100 million points its launch earlier this year.

"Varsity Lakes residents have moved quickly to take advantage of the flexibility, choice and convenience offered by TravelKey and are particularly pleased with the fact points can be used to pay either fully or partially for all travel needs from travel to tax to travel insurance.
To find out how you can make your points work even harder for you, come in and have a chat with the team at Varsity Lakes Travel."

TravelKey is complementary to existing Frequent Flyer programs.
TravelKey applies across any airline without restrictions, has no black-out periods, allows for child and infant discounts, one-way redemptions and points and pay options. The points can be used for anyone and there is no expiry date.

TravelKey is available to American Express Cardmembers enrolled in either the Choices or Ascent Membership Rewards program. It is designed to complement the existing Frequent Flyer programs which are only available to Cardmembers enrolled in Ascent.

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