Latest news with #rewards
National Post
3 days ago
- Business
- National Post
Achievers Strengthens Customer Leadership with Sixteen Total Accolades in G2's Spring 2025 Reports
Article content The recognition category leader with the highest usage in the industry also received three Regional Leader badges in major global regions, including Canada, Europe, and Asia Pacific Article content Article content TORONTO — Achievers, the world's most utilized recognition and reward software, announced today it has earned 16 badges across multiple categories in G2's Spring 2025 Grid® Reports. These accolades reinforce Achievers' unmatched ability to boost employee engagement and retention, fuel culture and business transformation through behavior change, and deliver measurable business results. Article content Known and trusted for its enterprise-grade recognition platform anchored in workforce science, Achievers empowers over 4 million users across nearly 190 countries. One of Achievers' standout differentiators is its unmatched adoption and usage – employees using Achievers receive 13 recognitions annually on average, twice the rate of other recognition platforms. The level of user engagement was solidified by G2: Achievers earned a coveted Leader spot in G2's Spring 2025 Enterprise Grid® for Employee Recognition Software report, fueled by exceptional user feedback and market momentum. With over 1,600 five-star reviews, users consistently highlight Achievers' ability to recognize both everyday efforts and major milestones, integrate seamlessly into daily workflows, and provide robust reporting and insights. Customers also benefit from exceptional support and innovative, consistent recognition and reward experiences. Article content 'At Achievers, our customers aren't just recognizing more, they're recognizing moments that matter seamlessly with science-backed strategies,' said David Bator, Managing Director, Achievers Workforce Institute. 'The impact is clear: they're doubling productivity and engagement rates, shaping resilient cultures, delivering better service, and witnessing stronger ROI. With 16 G2 badges and over 1,600 five-star reviews, our customers aren't just seeing results, they're helping 90 million G2 users understand what makes our approach to recognition so unique and effective. We're incredibly grateful for our passionate, vocal, and loyal user community.' Article content In addition to earning a spot as a Leader on the Enterprise Grid® for Employee Recognition, Achievers ranked as a Leader on G2's Spring 2025 Enterprise Grid® for Employee Experience and a Leader on the Mid-Market Grid® Report for Employee Engagement. Achievers was also named on the Enterprise Canada Regional Grid® Reports for Employee Recognition, Employee Engagement, and Employee Experience. Additional G2 accolades Achievers received this spring include badges for Momentum Leader for Employee Engagement and Employee Recognition, High Performer in Canada for both Employee Engagement and Employee Experience, as well as High Performer Enterprise for Employee Recognition. Achievers also earned the title of Regional Leader in Canada, Asia Pacific, and Europe for the same areas – bringing the total to 16 G2 badges earned in Spring 2025. Article content Achievers' exceptional rankings in G2's Spring 2025 Grid Reports build on a milestone year for the recognition category leader. Article content Achievers recently unveiled an AI assistant, a recognition toolkit, and new reward features, equipping customers with sophisticated tools to address the $438 billion management disengagement crisis. Its unwavering commitment to innovation and global excellence continues to earn industry acclaim. In April 2025, Achievers announced that it ranked as a Leader in Everest Group's Rewards and Recognition (R&R) Solutions PEAK Matrix® Assessment for the third consecutive time, also securing the #1 spot for vision and capability. Earlier in the year, Achievers and its customer Seattle Children's Hospital were honored in the Brandon Hall Group Excellence Awards for their work empowering patients and families to recognize their healthcare providers, an initiative that set a new standard for employee appreciation in the healthcare industry. Article content G2 is the world's largest and most trusted online software marketplace. Every year, over 90 million people, including those working at major companies, use G2 to help them choose the best software based on real feedback from other users. G2 scores products and vendors based on reviews gathered from its user community and aggregated data from online sources and social networks. The G2 Star Rating is calculated by aggregating reviewers' answers to its 'Likely to Recommend' question (1–10 scale) and dividing the average in half. Its software scoring system leverages two proprietary scoring components, Satisfaction and Market Performance to determine overall G2 score and Grid placement. Article content Article content Article content Article content Article content Contacts Article content Article content Article content
CNET
4 days ago
- Business
- CNET
Will This 6% Cash Back Card Claim the Crown for Best Rewards Credit Card?
Bank of America/CNET If I told you there was a credit card offering a whopping 6% cash back on any one of six common spending categories, such as gas or dining out, would you think it's one of the best cash back cards on the market? As a credit card expert who's written about that topic for years, I would. The Bank of America Customized Cash Rewards credit card is the latest addition to the list of top rewards credit cards, thanks to a new offer that launches on June 1. New cardholders can earn 6% back on purchases in one spending category of their choice from six available options in their first year. What's the catch? There are a few caveats that make this card less lucrative than it seems, and it might not be the right card for everyone. Here is what you need to know. Everything you need to know about the new offer Starting June 1, the new Bank of America Customized Cash Rewards earns double cash back in one category of your choosing for the first year. That means 6% cash back in the choice category instead of 3% cash back on the first $2,500 (in combined purchases each quarter in the choice category, and at grocery stores and wholesale clubs, then earn unlimited 1% thereafter). There is no end date for this offer for new cardholders. You can choose one of these options to be your choice category: Travel Dining Drug stores Home improvement and furnishings Gas and electric vehicle charging stations Online shopping (including cable, internet, phone plans, streaming) You can switch your category once a month through online or mobile banking. If you don't switch it, your selection from the previous month will carry over. You'll also earn 2% back at grocery stores and wholesale clubs, and 1% back on all other purchases. There is a $2,500 combined quarterly spending cap for the bonus rewards in the choice category and 2% categories, after which you'll earn 1% back on those purchases. In addition to the boosted first-year cash back rates, new cardholders can earn a $200 welcome bonus after spending $1,000 in purchases in the first 90 days after opening the credit card. This new offer looks really strong… To understand why the new Customized Cash Rewards offer is so good, you need to understand the cash-back landscape. Flat-rate cards, like the Wells Fargo Active Cash Card, tend to offer 2% back on all purchases. Tiered rewards cards, like the Blue Cash Everyday Card from American Express, typically offesr 3-5% back on a few fixed categories and 1% back on everything else. Rotating rewards cards, such as the Chase Freedom Flex, usually offer 5% back on one or two rotating categories, up to a quarterly maximum, which change throughout the year at the issuer's discretion, and 1% back on everything else. With this new offer, Customized Cash Rewards offer 6% back in your choice category (plus 2% back at grocery stores and wholesale clubs) for the first year. More importantly, you can choose your 6% category and change it once per month. That means both higher rewards and more flexibility than most competitors. The quarterly spending cap does limit rewards beyond a certain point, but that's relatively common among no-annual-fee cash back cards with high category bonuses. Though maximizing rewards requires some careful planning (more on that later), this new offer makes Customized Cash Rewards one of the best cards for anyone whose top spending categories change throughout the year. …but there are some caveats. Before you pounce on this new credit card offer, be sure to consider these caveats. Bonus rewards are only for the first year with a spending cap The biggest weakness of Customized Cash Rewards is the $2,500 quarterly spending cap on the choice and 2% categories, limiting rewards for big spenders. (To be clear, big spenders can still make great use of this card for their first $2,500 of spending. They'll just want to use a different card afterwards.) The second issue is that after the first year, the reward rates revert back to the baseline: 3% cash back on the choice category 2% back at grocery stores or wholesale clubs 1% cash back on all other types of purchases While those are still a competitive rewards rates for a no-annual-fee card, they won't be top of the line for some choice categories. You have to time spending carefully to maximize rewards One important thing to note is the Customized Cash Rewards quarterly spending cap is shared among the 3% and 2% categories, and is calculated based on the chronological order of your transactions, so improper timing can reduce your rewards. With the 3% choice category rewards rate upped to 6% for the first year, the difference is even starker. For instance, say this quarter you plan to spend $1,000 on groceries each month, plus another $1,000 on online shopping (your choice category) at the end of the quarter. If you use your card as normal, charging the $3,000 in groceries throughout the three months and finally the $1,000 in online shopping, this is what your rewards would look like: Reward examples Spending Rewards rate Rewards earned Month 1 groceries $1,000 2% $20 Month 2 groceries $1,000 2% $20 Month 3 groceries $1,000 2% on the first $500, then 1% after hitting $2,500 quarterly cap $15 Online shopping $1,000 1% (would be 6% if the quarterly cap was not already reached) $10 Total $65 By contrast, if you made the online shopping purchase first, you would've earned $105, as you would have benefited from the 6% rewards rate on that purchase before those grocery purchases ate up your quarterly spending quota. A difference of a few dozen dollars isn't the end of the world, but with some extra planning, you can maximize rewards with Customized Cash. Does the first year double cash back stack with the Preferred Rewards program? The Bank of America Preferred Rewards program offers up to a 75% bonus on its credit card rewards for eligible customers who maintain a certain balance in a Bank of America banking or Merrill investment account. The Preferred Rewards bonus will apply to the base 3% choice category cash back rate, but not the additional 3% from the first year bonus, according to a Bank of America representative. So someone in the highest tier of the Preferred Rewards program could potentially earn a total of 8.25% cash back on their choice category purchases during the first year subject to the quarterly spending cap: 5.25% from the base rewards and an additional 3% from the first year bonus. Remember not to overspend for the sake of earning rewards Several choice category options — like travel, online shopping, and home improvement and furnishings — lend themselves well to large purchases. If you're already planning on making those types of purchases (and have budgeted for them), this card is a great option to earn extra cash back on those expenses. But don't let the rewards push you into making purchases that you otherwise wouldn't have, or ones that are out of your budget. While this card does have a 0% introductory APR offer for 15 billing cycles on purchases and balance transfers (18.24% to 28.24% variable APR thereafter), it's still not a smart idea to take on credit card debt for discretionary spending. 6% cash back might seem like a lot of rewards, but it's nowhere near the interest you'll pay from carrying a balance month to month at the regular APR. Should you get the Customized Cash Card with the new offer? As a credit card expert, I wouldn't hesitate to recommend this card to readers as well as my friends whose needs and spending habits fit its profile. You should probably pick up this card if all of the following apply to you: You spend a lot in one or more of the choice categories. You want a new cash back card and don't already have the Customized Cash. Your quarterly spending in the choice and 2% categories is below $2,500 or you switch to a different card once you hit that cap. That said, it's not for everyone, including myself. I personally prefer the travel rewards from my trusty Chase Sapphire Preferred Card over cash back rewards, since I value the flexibility of transferable points more than a higher base rewards rate. If you're in the same camp, consider a dedicated travel card instead. If you don't spend a lot in any of the choice categories, you'll be better off with another card that rewards you where you spend the most. Although this card does offer 2% back at grocery stores and wholesale clubs, there are more rewarding cards for groceries. And if you spend a lot and only want to use one card for everything, a 2% unlimited cash back card might be your best option.
Khaleej Times
4 days ago
- Business
- Khaleej Times
Reaping benefits of credit cards through rewards and savings
The UAE credit card market has shown significant growth and is a key component of the country's financial landscape, which is considered one of the bests worldwide due to solid foundation laid down by the Central Bank of the UAE. Credit cards have become an important part of our life as they provide an array of benefits from zero per cent interest financing to free shipping access as well as offers rewards through loyalty programmes. Perhaps it is one of the most lucrative perks for cardholders to earn rewards if they channelise their spending through credit cards. Rewards come in all shapes and sizes, providing the card users with cash back, points or airmiles that they can redeem for statement credits, travel, gift cards and much more. Most of the reward programmes offer cardholders incentives for spending, turning everyday purchases into opportunities for savings and benefits. UAE Leads the Region Today, the UAE leads the region in credit card usage as the tech-savvy population prefers plastic cards over carrying a cash in their wallet. According to a recent Consumer Lifestyle survey, the UAE's credit card usage in terms of the average size of transactions and number of transactions per month is far ahead of other countries in the region. 'The UAE tops the Gulf region in terms of frequency of card use too as 31 per cent of the cardholders using their credit cards more than 10 times during a month. While 32 per cent of the card users preferred to use three to five times during a month, 19 per cent used between six to 10 times,' according to the survey. Vijay Valecha, Chief Investment Officer at Century Financial, referring to GlobalData, a prominent data and analytics firm, said the UAE's card payments market is projected to expand at a compound annual growth rate (CAGR) of 10.6 per cent from 2024 to 2028, reaching Dh764.1 billion ($208.2 billion) by 2028, as reported by GlobalData, a prominent data and analytics firm. While referring to Bain & Company, he said the UAE merchant acquiring market, i.e., the Credit Card Market, reached a total payment volume of approximately $150 billion in 2024, representing a compound annual growth rate of 13-14 per cent since 2020. In 2025, it is expected to grow by 10.6 per cent, reaching $166 billion. Looking ahead, it is expected to grow at a CAGR of 9.6 per cent, reaching $240 billion by 2029. 'The main reason for this growth is three primary factors: increased population, high consumer propensity to spend, and increased adoption of digital payment via government initiatives. Looking ahead, these are expected to be the main drivers of growth,' Valecha told Khaleej Times. He said credit card users in the UAE have a wide variety of cards offered by various banks that provide benefits to consumers in multiple ways. 'The most common way that banks reward credit card customers is through cashback. These could be offered on various expenses like groceries, fuel, dining, Salik, education, utilities, among others,' he said. Safety, Saving and Rewards Credit cards offer a variety of rewards, benefits, and potential savings that can significantly enhance spending experience of the users. One of the most appealing features of credit cards is the rewards programmes that allow cardholders to earn points, cash back, or travel miles for every dirham spent. Depending on the card, rewards can be tailored to specific categories like grocery shopping, dining, or travel, giving consumers the opportunity to maximise their earnings on everyday purchases. Another significant advantage of credit cards is the convenience and security they provide. Unlike carrying cash, a credit card allows for safer transactions, especially when traveling or shopping online. Many credit cards also come with added benefits such as extended warranties on purchases, purchase protection, and identity theft protection, which can provide peace of mind and additional savings if an issue arises. Furthermore, utilising credit cards responsibly can help build a strong credit score. A good credit history opens doors to better loan terms and lower interest rates in the future, resulting in long-term financial savings. Experts advise the cardholders always to go for cards which offer value for money. Some of the credit cards offered by leading financial institutions such as Commercial Bank of Dubai and Mashreq, among others, come with additional benefits providing cash back, rewards and savings to build long-term relations and retain their customers. They further suggest that the customers should go for credit cards offering international benefits with a global network such as Visa that facilitates digital payments in over 200 countries and territories. In summary, credit cards can be an effective tool for rewards and savings. By understanding their benefits, consumers can strategically choose a credit card that aligns with their spending habits, enhancing their financial health while enjoying perks that come from responsible use. HOW TO MAXIMISE REWARDS It is very important to understand how to maximise the credit card rewards as smart usage of plastic cards can lead to significant financial advantages. Rewards: Most credit cards offer rewards tailored to specific spending habits. Cash-back cards provide 1-10% back on purchases, with higher rates in categories like dining or groceries. Travel cards focus on miles or points for flights, hotels, or upgrades often with bonuses for specific merchants. Choosing a card aligned with your spending — whether gas, groceries, or travel — maximises rewards. Benefits: Credit cards provide perks like purchase protection, extended warranties, or travel insurance. Premium cards often include airport lounge access, annual travel credits, or concierge services. Fraud protection is another universal benefit, shielding users from unauthorised charges. Savings: Strategic use of rewards can yield substantial savings. Redeeming points for high-value options, like travel or gift cards, often provides better returns than cash. Sign-up bonuses amplify savings for new cardholders meeting spending thresholds. To maximise value, choose a card matching your lifestyle, pay off balances, and track rotating bonus categories. Always read terms to avoid pitfalls like annual fees or expiring points. Used wisely, credit card rewards can enhance financial flexibility and savings.
RNZ News
5 days ago
- Business
- RNZ News
Are credit card rewards schemes worth it?
Photo: 123RF Credit card reward schemes are likely to be scaled back further as pressure goes on interchange fees, Consumer NZ says, but most aren't delivering value for many New Zealanders, anyway. On Tuesday, Kiwibank and Air New Zealand announced they were cutting ties and Kiwibank would no longer offer an Airpoints credit card. Kiwibank pointed to increasing regulation of interchange fees, which are the fees paid by the bank that processes a transaction to the card issuer. The Commerce Commission has already introduced new standards to reduce these fees, which led to a reduction in some credit card rewards in 2022. More reductions are expected to be announced soon, to come into force at the end of the year. Consumer NZ said its analysis showed that credit card reward schemes were only benefiting big spenders who used their cards frequently and paid off the balance in full every month. People would generally need to spend $25,000 on their cards over two years, and not pay interest on it, to make a rewards scheme worth the fees that the cards charged. "Low spenders, and those with interest-bearing debt, don't benefit from rewards and are effectively subsidising high spenders. We don't think this is fair so we have supported the regulation of interchange knowing this would likely result in card issuers scaling back rewards programmes, increasing card fees or cancelling schemes altogether," a spokesperson said. "Interchange regulation will also reduce the cost for merchants of accepting card payments. This should, in theory at least, result in lower card payment surcharges for consumers. Unfortunately there's no guarantee these savings will be passed on to consumers though so we have been calling for surcharge regulation for a number of years. The commission is expected to consult on this later in the year." Banking expert Claire Matthews, of Massey University, said it was to be expected that rewards schemes would be pared back as interchange fees reduced. "Although it does depend on the level at which they are capped and how that is split between the parties. However, those fees have been a key source of the revenue to fund the rewards so any reduction can be expected to be passed on."
Daily Mail
20-05-2025
- Business
- Daily Mail
Sonic is offering a sweet summer deal... but you'll have to catch it at the right time
Loyal Sonic fans can now grab half-price milkshakes — and that's just the start of summer deals. Sonic Drive-In is serving up sweet summer savings — starting with half-price shakes every day after 5pm at participating locations nationwide. Customers can cool off with seven classic flavors, including chocolate, vanilla, strawberry, caramel, hot fudge, and peanut butter. But milkshakes aren't the only treat Sonic lovers can look forward to. The chain is also bringing back fan-favorite slushes after a wave of online demand. Starting May 27, rewards members can order the beloved Watermelon Slush, returning after a viral petition, for just $2.79. The Lemonberry Slush — back for the first time since 2020 — will also make its comeback, starting at $3.29. Both slushes roll out to all customers on June 2. In addition to drink returns and specials, Sonic Drive-In is debuting its all-new Cheesy Garlic Pepperoni Bites, starting at $2.99 next week. Sonic Drive-In is debuting its all-new Cheesy Garlic Pepperoni Bites, starting at $2.99 next week Known as the largest drive-in chain in the U.S., Sonic operates more than 3,500 restaurants across 47 states It's popular FUN.99 menu — launched last year — remains a standout in the fast-food value wars, offering a mix of entrees, snacks, and desserts for $1.99 each. The feature is among many offers from restaurant chains participating in the value meals war. Sonic Drive-In guests can also get their hands on a Unicorn Dreams Slush, a limited-time drink that arrived on May 5. Guests are advised to get the Unicorn Dreams Slush soon since customers have already claimed the magical beverage is no longer available in some restaurants. Other chains are rolling out deals this month. Applebee's All You Can Eat (AYCE) specials are back in restaurants nationwide from yesterday. The restaurant chain is allowing customers to get unlimited Riblets, Double Crunch Shrimp, and Chicken Tenders with endless fries.
