Multiple choice technology mainframe

What are Rewards?

  1. These are gifts provided by the merchant to the customer.

  2. These are the points that will be acquired when the customer does a specific transaction.

  3. These are the points earned by the card member for increasing the credit limit.

  4. These are the points earned by the merchant for setting up the POS.

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Rewards are loyalty points or benefits earned by customers when they make qualifying transactions with their credit card. These accumulate over time and can be redeemed for various benefits like cashback, merchandise, or travel. Option A is incorrect because rewards are earned by customers, not provided as gifts by merchants. Option C refers to credit limit increases, which are separate from rewards programs. Option D incorrectly suggests merchants earn rewards, when rewards are customer-centric.