Online banking rewards programs offer customers the convenience of banking by computer with the added bonus of points that can be redeemed for a wide variety of shopping or travel benefits. Their motto is "Spend money to save money." Take this quiz and find out how spending your money online to pay bills, etc., will help you earn you money offline.
Question 1 of 20
Where is online banking performed?
Question 2 of 20
What is the alternative to online banking?
Question 3 of 20
How does the customer benefit from online banking?
Question 4 of 20
How do the banks benefit from online banking?
Question 5 of 20
What is the purpose behind online banking reward programs?
Question 6 of 20
At present, how many types of online reward programs are there?
Question 7 of 20
How does one accumulate points?
Question 8 of 20
In the points-based reward program, which one of the following is not a reward option for accumulated points?
Question 9 of 20
According to the article, what would be a worldwide advantage if everyone did their banking online?
Question 10 of 20
Once you enroll in an online banking rewards program, how long do you have to wait before you can start earning points?
Question 11 of 20
With many of the online rewards programs, what is the advantage of using your credit card?
Question 12 of 20
How can you earn more points by buying at the Gap or Office Depot?
Question 13 of 20
How do you find out how many points you have?
Question 14 of 20
Why are some small banks offering higher interest rates for their online rewards checking accounts?
Question 15 of 20
Why do banks prefer rewards checking accounts over regular checking accounts?
Question 16 of 20
How much is the limit to the amount of money in an account that earns the higher rate of interest?
Question 17 of 20
What are the two types of gift cards?
Question 18 of 20
What is the most highly recommended thing to do when you receive a gift card?
Question 19 of 20
Up to how much money will the Federal Deposit Insurance Corporation cover an individual account?
Question 20 of 20