Brides Helping Brides ™ - credit card rewards...

Post new topic

Wedding Forums > Brides Helping Brides ™ > credit card rewards...

credit card rewards...

CLMon7906 Posted: Jun 12, 2006 04:44 PM+

CLMon7906 MEMBER SINCE: 1/06 TOTAL POSTS : 8596 WEDDING DATE: Jul 09, 2006

Posted: Jun 12, 2006 04:44 PM

credit card rewards...

my boss just got off the phone...she was not happy...then she came to tell me that when our customers cash in their rewards, we have to pay for it...so when you cash in those rewards, just think, target, macy's, cvs...they are all paying for it. we just got slapped with a $600 bill b/c a customer of ours (who used their rewards card) cashed in for rewards! wow.

Beth1210 Posted: Jun 12, 2006 04:49 PM+

Beth1210 MEMBER SINCE: 6/05 TOTAL POSTS : 4059 WEDDING DATE: Dec 10, 2005

Posted: Jun 12, 2006 04:49 PM

Re: credit card rewards...

what do you mean by rewards- points?

like if I take 10K Amex points and get a $100 Gift card- to saks- saks pays for it?

I would have thought Amex did- but I wouldn't think twice about using them regardless of whose paying as long as it's not me!

103005FallBride Posted: Jun 12, 2006 04:55 PM+

103005FallBride MEMBER SINCE: 2/05 TOTAL POSTS : 7249 WEDDING DATE: Oct 30, 2005

Posted: Jun 12, 2006 04:55 PM

Re: credit card rewards...

Posted by Beth1210

I would have thought Amex did- but I wouldn't think twice about using them regardless of whose paying as long as it's not me!

AMEN! My thoughts exactly!

curliegirl Posted: Jun 12, 2006 05:30 PM+

curliegirl MEMBER SINCE: 11/04 TOTAL POSTS : 2727 WEDDING DATE: Oct 29, 2005

Posted: Jun 12, 2006 05:30 PM

Re: credit card rewards...

That's strange, then why would any store participate in these rewards? I would think the CC company should pay.......

CLMon7906 Posted: Jun 12, 2006 07:36 PM+

CLMon7906 MEMBER SINCE: 1/06 TOTAL POSTS : 8596 WEDDING DATE: Jul 09, 2006

Posted: Jun 12, 2006 07:36 PM

Re: credit card rewards...

the companies/stores have no choice somehow. but somehow basically if i use my amex card at saks, tiffany's and target......and i cash in my rewards for anything....travel, gifts, gift cards.....saks, tiffany's and target all pay for it. the CC company does not pay for it.

i mean, i'm not about to let that stop me...but i thought it was strange...and we have no choice, we have to pay it or we become delinquent!

lilacwine Posted: Jun 13, 2006 08:06 AM+

lilacwine MEMBER SINCE: 9/04 TOTAL POSTS : 1471 WEDDING DATE: May 14, 2005

Posted: Jun 13, 2006 08:06 AM

Re: credit card rewards...

Posted by 103005FallBride

Posted by Beth1210

I would have thought Amex did- but I wouldn't think twice about using them regardless of whose paying as long as it's not me!

AMEN! My thoughts exactly!

Right! I'm really not going to care that a store is charged for rewards I earned!

Beth1210 Posted: Jun 13, 2006 10:10 AM+

Beth1210 MEMBER SINCE: 6/05 TOTAL POSTS : 4059 WEDDING DATE: Dec 10, 2005

Posted: Jun 13, 2006 10:10 AM

Re: credit card rewards...

but the store would have to agree to let them use there name and logo- so the store must have agreed to this

and these are all big stores- not local mom and pops- so what's the big deal

when I use one of the rewards cards I almost always spend more then I have- so the store benefits too

Blu-ize Posted: Jun 13, 2006 10:42 AM+

Blu-ize MEMBER SINCE: 8/04 TOTAL POSTS : 8304 WEDDING DATE: Feb 28, 1998

Posted: Jun 13, 2006 10:42 AM

Re: credit card rewards...

If that marekting gets you into the store, the store has a better chance of you buying more than the rewards card. Once they get you in the store the possibilities are endless for the most part from a revenue standpoint.

Believe me, the big stores are not losing money on this.