Reward Card APK

A cashback reward program is an incentive program operated by credit card companies where a percentage of the amount spent is paid back to the card holder.
Where a card issuer operates such a program, card holders typically receive between 0.5% and 2% of their net expenditure (purchases minus refunds) as an annual rebate, which is either credited to the credit card account or paid to the card holder separately.
When accepting payment by credit card, merchants typically pay a percentage of the transaction amount in commission to their bank or merchant services provider.
Rewards based credit card products like cash back are more beneficial to consumers who pay their credit card statement off every month
A 2010 public policy study conducted by the Federal Reserve concluded cash back reward programs result in a monetary transfer from low-income to high-income households.
Eliminating cash back reward programs would reduce merchant fees which would in turn reduce consumer prices because retail is such a competitive environment.