 How does a cash reward program work? Typically, the program awards points, "dollars" or a cash value based on the amount you charge. The rate at which you collect points varies depending on what you charge or where you charge it. Some programs offer extra points for using their card at a specific place such as a supermarket or fast food restaurant or for certain items.
Some programs offer a variety of rewards. Consumers can earn meals, tickets to sporting events, airline tickets, electronics, or even create their own reward program.
The goal is to get you the consumer to use your credit card as much as possible. Why? FEES! The credit card issuer makes money from two sources each time you use their card. First, from the merchant who pays the issuer a merchant transaction fee and secondly, from you through finance charges and late fees. A recent survey found that nearly half of U.S. cardholders enrolled in a credit card rewards program have never redeemed their points. However, 60% of consumers said rewards program influences their decision when deciding which credit card to use for a purchase.
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Earn 10,000 Starpoints with your first purchase - that's good for up to 3 free nights!
Earn 1 Starpoint for virtually every dollar you spend on the Card and double Starpoints at participating Starwood hotels and resorts
Redeem at over 825 participating Starwood hotels and resorts worldwide with no blackout dates. Starwood hotels include Sheraton®, Westin®, W Hotels®, St. Regis®, Luxury Collection®, Le Meridien®, and Four Points by Sheraton®.
Transfer to over 30 frequent flyer programs, most on a one-to-one basis.
Save on business purchases at companies like FedEx® and Hertz®
Winner of 2006 Freddie Awards: Voted Best Travel Rewards Credit Card by frequent travelers.
ADDITIONAL STARWOOD PREFERRED GUEST BUSINESS CREDIT CARD BENEFITS
Turn Starpoints into miles with over 30 frequent flyer programs3
Complimentary enrollment in the Starwood Preferred Guest program
Fee-free Additional Cards for employees — earn Starpoints on the business purchases they make4
OPEN FROM AMERICAN EXPRESS
OPENSM the small business team at American Express is all about small business. It provides you the resources to help you run your business, including:
Financing
Get unlimited fee-free Additional Cards, 2.9% APR for purchases in the first six months, and pay no annual fee.
Savings
Save at AT&T, FedEx, Hertz®, 1-800-FLOWERS.COM® and more by using your Business Card and see the savings on your statement. No coupons or codes are needed and the savings are in addition to other discounts your business may already receive.5
Online management
Manage your account with Summary of Accounts and track charges with Expense Management Reports.
Community
Chat, pose questions, get insights from other small business owners, and attract new business.
Advice
Ask an expert a question, use an online tool, and read articles by other business owners.
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