CASHBACK VS REWARDS ADULT CREDIT CARD
PROCESSING
Several credit cards come with a reward
if you use them for purchasing things.
You may be provided with rewards, cash
back or incentives. The points you
obtain like this can be used on
merchandise. They can be also used on a
few other services available from
several merchants.
These cards can also permit the user to
designate the cash-back points for a
charity. These cards are also referred
to as affinity cards often. This is a
very interesting deal. You pay the
required amount to buy something that
you like and you are able to have the
cash back or you get something as a
gift.
But there is one point to remember. You
will have to pay interest and the card
fees to able to have the reward. But
this is not a big deal as you will use
the credit card for some purpose. So it
is always good to get something back on
the purchases made by the card. This is
the concept of many people.
Now let us have a look at the rate of
cash back. Most of these cash-back or
rewards card provide you a cash back
rate of one to two percent. This is
provided in most of the purchases made
using the card. A check will be provided
to you. This is done at the specified
time. You are able to cash these checks.
The money obtained can be spend as you
like. You are free to buy whatever you
want with this money.
You can also have the reward points on
these rewards cards. Generally the
reward points given are 1 to 5. This is
given for your money that is spent at
the various merchants or the types of
the merchants. Most of them give a
reward point of five for the purchases
done at the network that is called
–Merchant Thank You-. The points are
also given for the purchases made at the
following: supermarkets, drug stores and
at the gas stations. For the money spent
at the other merchants a reward point of
one is obtained. These points provided
to a person can be redeemed for specific
items available from merchants belonging
to the network of merchant’s credit
card.
However the rewards are not completely
free of drawbacks. Each type of the
reward can have it`s own merits and
demerits. So you have to make the
perfect choice. This is up to you and to
an extent depends on what you need.
Let us see what the advantages are
first. The cash obtained thus can be
used everywhere. Besides the percentage
of the cash-back is 1-2 % and is
available on almost all the purchases.
The disadvantage is that the cash
obtained through the cash-back facility
is available for a person only on the
issuing of a check.
The advantage of reward points is that
they may provide rewards with a higher
value, especially for purchases at the
network stores.
The disadvantage is that these can be
redeemed only from specific merchants or
merchandise.
Contact one of our helpful account
representatives to assist you in the
setup of a
high risk merchant account or
offshore merchant account for a
high risk merchant. |