The more points you accumulate the better deal you get when you redeem. You may even be able to combine the points earned with your debit card and credit card to earn rewards even faster! You earn points every time you use your Visa® credit card and every time you choose credit and sign for transactions with your Visa® debit card.
To ensure that you earn the maximum points from your purchases, please review our Scorecard Rewards frequently asked questions below. Stop in or call us to learn more about our Scorecard® Rewards program and the great opportunity it offers you for cash back, gift cards, travel and merchandise.
If I choose "credit" on my debit card purchase, does it then make it a credit card transaction?
No. Debit cards provide a choice for you when you make a purchase with your plastic. You can choose "debit" and enter your personal identification number (PIN), or you can choose "credit" and sign for the purchase. Either way, your purchase will be debited against the primary checking account linked to your card. A common misconception is that by requesting your debit card purchase be run as a "credit" transaction, you will be "charging" the purchase like a credit card-this is simply not true.
So what is the advantage to me in choosing the "credit" option when using my debit card?
Scorecard® rewards you with points earned for any "credit" (or signature) purchases made with your Monona Bank Visa® Debit Card and Visa® Business Debit Card. You do not earn points for any debit (PIN) transactions. With our new Scorecard® Rewards program, you earn 1 point for every $2 purchased with your debit card when you sign for the transaction, or are not required to enter a PIN.
Remember, you only earn points on the credit (signature) transactions, so whenever possible ask for or select "credit" before the transaction is completed. An exception would be in the event that you want cash back from your purchase transaction; you will need to choose 'Debit', as the credit option does not allow cash back (but you won't earn points).
Do I earn Scorecard® Rewards on my credit card?
Monona Bank offers rewards on its Visa® Consumer Credit Cards, as well as the Visa® Business Credit Card. For qualified purchases made with your Monona Bank Visa® Platinum or Business Credit Cards, you earn one point for every $1 spent. For qualified purchases made with your Monona Bank Visa® Classic Credit Card, you earn one point for every $2 spent. Please stop by any of our nine locations to ask a Banking Advisor for more details.
Do my Scorecard® Rewards ever expire?
Yes, points will expire if they are not redeemed within a three-year period from the date they are earned. We recommend that all clients monitor their points balance carefully and review their monthly Scorecard® Rewards e-statement.