Reward points will be calculated on a quarterly basis (July-September, October-December, January-March and April-June). All valid debit-card transactions at point-of-sale terminals will be considered for reward points. The calculation of the reward points per quarter for each slab is:
Slab 1 – Assume your debit-card spends during the quarter July-September 2008 are as follows:
| |
| Date |
Point-of-Sale |
Amount (Rs.) |
| 01.07.08 |
Shoppers Stop |
4,000 |
| 25.07.08 |
Book My Show |
600 |
| 01.08.08 |
Croma |
4,000 |
| 10.09.08 |
Spencers |
1,200 |
| Total |
9,800 |
|
The total spend for the quarter is Rs.9,800, which falls in the slab ‘Up to Rs.12,000’. Hence, the reward points earned: Nil
Slab 2 – Assume your debit-card spends during the quarter July-September 2008 are as follows:
| |
| Date |
Point-of-Sale |
Amount (Rs.) |
| 01.07.08 |
Shoppers Stop |
5,000 |
| 15.07.08 |
Spencers |
2,000 |
| 25.07.08 |
Book My Show |
600 |
| 01.08.08 |
Croma |
6,000 |
| 12.08.08 |
Spencers |
2,000 |
| 10.09.08 |
Spencers |
2,000 |
| Total |
17,800 |
|
The total spend for the quarter is Rs.17,800, which falls in the slab ‘Rs. 12,000 – Rs. 24,000’.
Hence, the reward points earned: 17800/200 = 89
Slab 3 – Assume your debit-card spends during the quarter July-September 2008 are as follows:
| |
| Date |
Point-of-Sale |
Amount (Rs.) |
| 01.07.08 |
Shoppers Stop |
5,000 |
| 15.07.08 |
Spencers |
2,600 |
| 25.07.08 |
Book My Show |
400 |
| 01.08.08 |
Croma |
14,000 |
| 12.08.08 |
Spencers |
4,200 |
| 10.09.08 |
Spencers |
3,600 |
| Total |
29,800 |
|
The total spend for the quarter is Rs.29,800, which falls in the slab ‘Rs. 24,000 – Rs. 30,000’ Reward points earned: on first Rs. 24000:(24000/200)*1=120 and on remaining Rs. 5800: (5800/200)*2=58. Hence total reward points is 178 Slab 4 – Assume your debit-card spends during the quarter July-September 2008 are as follows:
| |
| Date |
Point-of-Sale |
Amount (Rs.) |
| 01.07.08 |
Shoppers Stop |
8,000 |
| 15.07.08 |
Spencers |
3,600 |
| 25.07.08 |
Book My Show |
600 |
| 01.08.08 |
Croma |
14,000 |
| 12.08.08 |
Spencers |
4,200 |
| 10.09.08 |
Spencers |
3,600 |
| Total |
34,000 |
|
The total spend for the quarter is Rs. 34,000, which falls in the slab ‘More than Rs. 30,000’. Reward points earned: on first Rs. 24000: (24000/200)*1=120 and on next Rs. 6000: (6000/200)*2=60 and on the remaining amount of Rs. 4000: (4000/200*3)= 60 .
Hence total reward points is 240.
Hence, the total reward points earned for the period July-December 2008 is 178 + 240 = 418.
|
