AmaZing Business Credit Card Rewards FAQs
- Which purchase types earn additional rewards?
- Is there a limit to the amount of Cash Back or Points I can earn?
- Will there be any added cost for the enhanced rewards program?
- How is the rewards program different from the previous program?
- If I already have an AmaZing Business Credit Card, what do I need to do for the rewards change to take effect on my existing account?
- If I already have an AmaZing Business Credit Card, will I still receive an Annual Bonus for my 2016 spending?
- If I already have an AmaZing Business Credit Card, will I lose any of my existing rewards balance?
- What if I want to opt out of the new rewards program?
- Why is this change being made?
- Will the redemption process change?
Qualifying purchases are those processed in the merchant categories listed below.
|3%/3x Categories:||2%/2x Categories:|
|Cellular Services||MCC 4814||Airlines||MCC 3000 – 3299|
|Internet Services||MCC 4816||Vehicle Rentals||MCC 3300 – 3499|
|Office Supplies||MCC 5943 and 5111|
|Cable TV||MCC 4899|
For both the AmaZing Cash for Business and AmaZing Rewards for Business programs, Enhanced Earn rates will be awarded on Net Purchases in qualifying categories up to $150,000 combined spending per calendar year. For example, if you spend $100,000 in 3%/3x categories and $100,000 in 2%/2x categories, totaling $200,000, only the first $150,000 will qualify for the Enhanced Earn rates. The remaining $50,000 will earn the standard 1%/1x.
No. There is no incremental cost to you associated with the enhanced rewards program.
For AmaZing Cash Back:
We have changed and added to the list of Enhanced Earn Purchase types, while increasing your earn rate from 2% to 3% in select categories. Below is a comparison of the old program vs. the new program.
|Purchase Category||Old Program||New Program|
|Telecommunications (Land line)||2%||3%|
For AmaZing Rewards Points:
Instead of the once-annual AmaZing Rewards points bonus (detailed below), cardholders will earn 3x and 2x rewards points in select purchase categories, awarded each month when statements cut. See the first question for a full list of Enhanced Earn Purchases.
Cardholders earned an annual rewards bonus based on their annual spending. Annual Bonus earn rates were determined by annual purchase volume as outlined in the matrix below.
|If your annual Qualified Net Purchases total:||your AmaZing Rewards Annual Bonus can be this percentage of your 1% AmaZing Rewards:1||For example, if your annual Qualified Net Purchases total:||you will earn 1 AmaZing Rewards point for each dollar spent, equaling:||plus, you are eligible for an AmaZing Rewards Annual Bonus of:||So the annual total of your AmaZing Rewards earnings could be as much as:2|
|$0 - $49,999||0%||$45,000||45,000||0||45,000|
|$50,000 - $99,999||5%||$70,500||70,500||3,525||74,025|
|$100,000 - $149,999||10%||$120,500||120,500||12,050||132,550|
|$150,000 - $199,999||15%||$170,500||170,500||25,575||195,075|
|$200,000 - $249,999||20%||$220,500||220,500||44,100||264,600|
|$250,000 or more||25%||$400,000||400,000||100,000||500,000|
If I already have an AmaZing Business Credit Card, what do I need to do for the rewards change to take effect on my existing account?
Nothing. The enhanced 3, 2, 1 rewards program will automatically be assigned to your account on February 1st, 2017.
If I already have an AmaZing Business Credit Card, will I still receive an Annual Bonus for my 2016 spending?
Yes. Your final Annual Bonus will be awarded with your January, 2017 monthly billing statement.
No. Your current rewards balance will not be affected. Future Cash Back or AmaZing Rewards Points will be added to your existing rewards balance.
We built the enhanced rewards program to deliver increased value, clarity and simplicity – so the new rewards structure will be an attractive upgrade for all impacted clients. Effective February 1st, 2017, the old rewards program will no longer be available.
Based on customer feedback, we wanted to enhance our current Business Credit Card rewards offerings to provide a simple earning structure that delivers even more value.