how do credit cards with "points" work?
08-19-04, 07:56 PM
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how do credit cards with "points" work?
e.g my amazon credit card (or any credit card that gives away stuff as you accumulate points)...i just got $50 and spent it to get some free dvds. what does amazon get out of this? i buy stuff from OTHER stores and then amazon gives me free stuff? does visa give amazon money every time i use their card?
08-20-04, 09:20 AM
#2
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Re: how do credit cards with "points" work?
Originally posted by atari2600
does visa give amazon money every time i use their card?
does visa give amazon money every time i use their card?
Visa gets somewhere in the 2-3% range of each purchase made on the card (from the merchant), and if it is an "affiliated" Visa card, they share this revenue with the affiliate.
08-24-04, 09:10 AM
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Some of my cards give an automatic minimum 5% discount on purchases.
These cards give 5% on gas, food (dedicated supermarkets only) and pharmacies, and 1% everywhere else.
Some are automatically rebated on the next month's statement, while others you have to call a 1-800 number to issue credit.
These cards give 5% on gas, food (dedicated supermarkets only) and pharmacies, and 1% everywhere else.
Some are automatically rebated on the next month's statement, while others you have to call a 1-800 number to issue credit.
