Credit Card Glossary: Terms and Definitions
A tiered reward is a rewards earning calculation that is typically disclosed as “up to” a certain percentage cash back. As card users spend more, they increase the percentage of their rewards, up to a maximum. For example, a tiered reward offer could involve 0.25 percent for the first $1,000 in spending, 0.5 percent for the next $1,000 and 1 percent for all spending over $2,000.
Terms from A-Z
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