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I got a Rustan's Frequent Shopper's Plus (FSP) Card on February 28, 2008 after reading Rosa's post on the more popular shopping loyalty cards out in the market.
I was convinced that being a Rustan's FSP card holder was a good idea because (1) the points conversion was the most generous at Php600 rebate for an accummulated purchase of Php20,000 and (2) there was a one time membership payment of Php250 with no need for a renewal ever.
But just recently, i found out through Mel-Mel that the FSP system was to be scrapped in favor of a new, and supposedly, more beneficial rewards program. I picked up an application form for the FSP2 and read through the fine print. Here's a breakdown of the pros and cons of the FSP2.