BUSINESS ADMINISTRATION
BUSINESS MATHEMATICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Gas Rewards
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Cash Back
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Air Miles
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Travel Rewards
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All of the Above
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Detailed explanation-1: -Credit card rewards programs usually fall into three categories: miles, points, or cash back. As mentioned above, a travel rewards card offers miles as an incentive for spending, which can then be redeemed for airline tickets through a frequent flier program.
Detailed explanation-2: -Cash back and reward points may be redeemed as a statement credit for your monthly bill, online purchases or by check. Miles and travel-specific points may be redeemed for discounted flights and hotel rooms through travel booking portals or through their respective partner brand toward flight tickets.
Detailed explanation-3: -Credit cards generally offer one of three reward structures: cash back, points or miles. The type of rewards you earn depends on the card you have.