Unfortunately some of you have probably noticed that we have decreased the cash back on some of our bigger name merchants. It's not because we are trying to increase our margins--quite the opposite. We have been informed by at least 20 merchants in the last couple of months that they are dropping commissions because of the economy. We are currently paying back as much as we get at places like Staples, Gap, and Old Navy. We hate to decrease what we pay out, but they are leaving us no choice when they cut our payout to 1%.
Now more than ever it is important to support the smaller businesses. They are not only the ones in danger of going under but are also the ones actually willing to work with us to keep the cash back rates high. Companies with "big names" feel like they don't need to work with us because you are going to shop with them regardless of whether you get cash back. They might be right. But we'll continue to test out smaller merchants and point out good deals where we can find them.
Thanks for your patience and loyalty as we continue to make our way through what is a difficult time for just about everyone. We know our members are cutting back and sacrificing and trying to get by. We're here to help as much as we can.
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