A rewards card issued with incentives for making purchases where cash back or extra points are rewarded to the Cardholder when used at certain businesses including restaurants, airlines, hotels, car rental or tourism merchants. These merchants will pay a slightly higher interchange rate for these transactions. May be called “Perk” or “Perquisite” cards and some examples include Visa Rewards, Visa Signature Preferred, MasterCard World, Diners Club, Carte Blanche, American Express, etc.
« Back to Glossary IndexCategories
Recent Posts
- MicroBiz Named 2021 Best Salon POS Software December 9, 2020
- COVID Pandemic’s Impact on Contactless Payments August 5, 2020
- MicroBiz POS President to Participate RSPA Academy Online Symposium on Aug. 26-27 August 4, 2020
- MicroBiz Partners with POS Portal to Sell and Support POS Hardware May 15, 2019
- MicroBiz President to Present at Software Executive Executive Forum July 7, 2018