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Illustration representing credit card loyalty points and rewards

Merchant & POS

What are Loyalty Points?

Loyalty points are promotional rewards banks give customers for credit card transactions, tracked on a card/customer basis. Banks charge merchants a commission on POS transactions, and some share part of that commission with cardholders as points.

Warning illustration about a fake social media gift points scam targeting card details

Credit Card

Congratulations, You Won Gift Points..

A real attempted card fraud story: a fake Facebook friend request, a promise of free bank points, and a request for card number, expiry date and CVV2. Here is what happened and how to protect yourself.