Glossary · Rewards

Catch-All Rate

A catch-all rate is the flat reward rate a card earns on purchases that do not qualify for any category bonus — for example 2% back or 1.5× points on everything else.

Every well-built wallet has a strong catch-all card so non-bonused spend never earns the bare minimum. It is the card Pikt falls back to when a purchase does not qualify for any category bonus.

Related terms

Category Multiplier — A category multiplier is the rate at which a card earns rewards in a given spending category — e.g. 4× points on dining or 6% back at U.S. supermarkets.
Reward Routing — Reward routing is the practice of automatically selecting, at the moment of purchase, the credit card in your wallet that earns the most value on that specific merchant and category.

Catch-All Rate

A catch-all rate is the flat reward rate a card earns on purchases that do not qualify for any category bonus — for example 2% back or 1.5× points on everything else.

Every well-built wallet has a strong catch-all card so non-bonused spend never earns the bare minimum. It is the card Pikt falls back to when a purchase does not qualify for any category bonus.

Related terms

Category Multiplier — A category multiplier is the rate at which a card earns rewards in a given spending category — e.g. 4× points on dining or 6% back at U.S. supermarkets.
Reward Routing — Reward routing is the practice of automatically selecting, at the moment of purchase, the credit card in your wallet that earns the most value on that specific merchant and category.