Digital Banking Hub, Digital Banking Research
By Gina DeCorla 16 Feb 2021
Ensuring Travel Card Reward Schemes remain relevant during the pandemic
How do Travel Card Reward Schemes remain relevant when travel is not only restricted, but completely banned in some areas of the world? In reviewing the digital developments of 25 U.S. providers, our Senior Analyst, Gina DeCorla, has pulled together this blog that examines just that, through:
- Changing points systems to favor “lockdown leisure” activities vs. travel
- Temporary reward schemes for grocer, gas, and other spending
- The offer of lifetime travel points to be redeemed once travel resumes
In this 4-minute blog, Gina shows real examples of how these updates have been implemented by providers including American Express, Chase, Wells Fargo.