MyBookingRewards is launching its new mastercard this month to turn agent booking rewards into real spending money.

The card will be offered in two currencies: the British Pound for UK agents and the US Dollar for all other agents.

Where agents use the card in a different currency to their earnings on the card, it will simply transact using the exchange rate of the day and deduct automatically from the agent’s Global account balance.

The MyBookingRewards mastercard will incur a one-off cost of £5 or $7.50 for the lifetime of the card, depending on the currency in which agents would like to earn the rewards.

This fee will include the card itself as well as postal charges. The amount will be deducted automatically from the card balance at the time of the request, so no physical payment is necessary.

Agents should request a card on their next reward redemption – i.e. when they next request money from their global account they simply click on the ‘mastercard’ icon as their choice of currency.

Other redemption options will be phased out by the end of September 2017.