Flexible Rewards Visa: Choose your own reward

2007-03-08 10:33:40

( Financial )



SYSTEM OF REWARDS

The trend in credit cards is to give rebates for every purchase made using the card. Depending on the type of credit card, the rebates are based on the amount per transaction made.

The very first rewards credit card had specific items that you can redeem once you have earned enough points. However, while the rewards system means well, it does not really “award” your clients in the sense that they do not have any choice in the items that they get.

Flexible rewards visa addresses that issue. Flexible rewards visa still earns you points for every use of the card, but this time you get to choose the items that you want in exchange for the points you have accumulated.

The flexible rewards visa has a wide-range of items and services that you can choose from. You can opt to have your points exchanged for cash, gift certificates, discounts on various establishments and services, travel bonuses, and various merchandises. Whether you qualify for certain items depend on how much points you have.

EARNING PERIOD

You cannot earn your points indefinitely. Flexible rewards visa usually sets a specific period for garnering of points, after which you either claim your reward or forfeit the points. If you are a frequent user of your credit card, then the more points you earn and the better rewards you will be entitled to.

Most banks offer the flexible rewards visa credit card. Visa has many affiliations like the Citi Visa card and the Disney Visa card. Each of these different flexible rewards visa differ in terms of features like in the credit card apr or annual percentage rate they charge you. However, they are the same in so far as the rewards system is concerned.

Get more value for your credit card purchases. Choose the flexible rewards visa, and get the reward that you want.


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