Loyalty points record rewards or progress within a loyalty programme. Not every point has immediate monetary value: some are redeemable while others only determine membership status.[1]
Explain earning, availability and redemption separately, including what happens after returns. Without clear terms, a balance may suggest spendable value even when it only contributes toward a membership tier.
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Compiled with AI assistance using public sources. General explanation, not individual legal or tax advice. Describing a concept does not mean Zoloo offers it as a feature.