The credit union reserves the right to determine if transactions processed under the 10
cents cash back program are usual and customary and to restrict privileges / accrued rewards.
Not exact matches
With shoppers able to earn up to 2.5 per
cent in virtual
cash back, «it's potentially one of the richest loyalty
programs ever launched in Canada,» CEO Drew Green said.
Those points are already worth 2
cents if redeemed for
cash back, 2.5
cents if used for airline bookings using the Ultimate Rewards portal (these paid tickets also earn frequent flyer miles), or potentially much more than that if transferred to a loyalty
program like United MileagePlus, Hyatt Gold Passport, or Amtrak Guest Rewards for a high - value redemption.
While I always seek redemptions well above this, one
cent per point seems to be a common value offered by airlines and hotels and major award
programs for an array of different redemptions, such as
cash back, gift cards, car rentals, etc..
Under the
program, Chase cardmembers can redeem
cash back at a ratio of 1 point per
cent.
The Membership Rewards
program really falls short on its
cash back redemption option — you get a very low value of 0.6
cent per point when you redeem points for statement credits.
Navy Federal nRewards Secured Card & BankAmericard ® Secured Credit Card both offer rewards
programs which are much more flexible and offer competing rates (maximum of 3
cents cash back for the BoA card and 1
cents in gift certificates for Navy Federal per dollar spent).
Recently, the
cash back program allowed cardholders to also earn 25
cents on every dollar of eligible linked check card spending.