Debit card rewards: By the numbers
April 3, 2011 at 4:05AM
Debit card issuers that offered a loyalty program in 2009, up from 53 percent in 2008.
17 PERCENT
Debit card issuers considering a rewards program in 2009, down from 24 percent in 2008.
TOTAL TRANSACTIONS THAT EARN: *
point-based rewards: 65 percent
cash-back, funded by bank: 17 percent
merchant-funded rewards: 22 percent
40 PERCENT
Consumers who said they were informed of any of their debit card's features when they opened an account.
22 PERCENT
Consumers who said their debit rewards program was explained to them by a bank representative.
* Percentages add up to more than 100 because some financial institutions offer multiple reward types.
Sources: Mercator Advisory Group, Pulse 2010 Debit Issuer Study
Associated Press
The Minnetonka-based health insurer says the new contract “ensures continued, uninterrupted network access” to hospitals and clinics at the Bloomington-based health system.
