Last modified: August 2026
This document covers the terms related to the Rewards Program (the “Rewards Program”) that allows you to receive rewards credits you may earn from payments made to your Perpay Mastercard Credit Card Account (“Card”). The Perpay Card is issued by Celtic Bank, an Utah-Chartered Industrial Bank, Member FDIC. Please read and keep these Reward Terms (“Terms”). If you need a physical copy of these Terms or if you have any questions, you can contact us via email at hello@perpay.com or visit perpay.com (the “Website”). These Terms are incorporated by reference into the Perpay Mastercard Credit Card Cardholder Agreement. THESE TERMS ARE SOLELY FOR THE REWARDS ASSOCIATED WITH YOUR CARD.
By opening a Card, you are eligible to participate in theRewards Program. If you participate in the Rewards Program, you agree that the terms and conditions contained in these Terms, as modified from time to time, will govern your participation in the Rewards Program. We reserve the right to update these Terms at any time and will notify you of any material changes via the Website or by email at the address specified in your Card application.
With the Card, You will earn rewards, in the form of Perpay online marketplace credits, by paying off the balance due on your Card statement. You will not earn rewards on purchases, ATM withdrawals, cash advances or balance transfers (ATM withdrawals, cash advances, and balance transfers are not available). You only receive rewards on the amount you pay towards the balance due on your Card. Your card must be active and not suspended, closed, or delinquent to receive rewards.
You will earn rewards based on the amount you pay off from your Card balance within each billing period. At the end of each billing period, your rewards will be calculated by multiplying the total amount you paid within each cycle.
2.0% rewards*. You will earn 2.0% (two percent) rewards on all payments. At the end of each billing period, Your rewards will be calculated by multiplying the total amount you paid by 2% (.02). Rewards will be applied within 10 days from statement closing date.
*Eligible accounts opened prior to 3/29/2024 will earn 3.0% rewards on all payments. All terms and conditions of the Rewards Program apply.
You control the amount of rewards you wish to redeem in the Perpay online marketplace. In order to redeem them you must first set up a Perpay online marketplace Account. Rewards will show as dollars that can be used to make purchases. You may be eligible to use Rewards along with another payment method for your purchase, subject to the terms of the Perpay online marketplace.
Rewards have no expiration while the account is open and this program remains in effect.
Rewards have no cash value until eligible rewards are redeemed for a purchase on the Perpay online marketplace. You may not assign, transfer, or pledge your rewards. You have no property rights or other legal interest in rewards.
Perpay retains the right to add, modify or delete any benefit, service, or feature of the Rewards Program at our discretion. We may change the terms of the Rewards Program at our discretion.
WELCOME BONUS OFFER ELIGIBILITY:
Welcome Bonus offers, if any, are presented directly to eligible applicants, and eligibility is determined by Perpay at its discretion. Not all applicants are eligible to receive a Welcome Bonus offer, and eligibility may change at any time.
WELCOME BONUS OFFER ISSUANCE:
Welcome Bonuses are issued in the form of Rewards, and are made available once Perpay receives your first direct deposit (your “Initial Transfer”) for your Card. See our Cardholder Agreement and Direct Deposit Terms for more information on the Initial Transfer. Perpay must receive your Initial Transfer within 60 calendar days from when we notify you that your application for an Account is approved.
If Perpay does not receive the Initial Transfer within 60 calendar days, we will revoke your approval automatically and you will be required to reapply to obtain an Account. If your approval is revoked for any reason including for not making your Initial Transfer within 60 days, you may not be eligible for any Welcome Bonus which was associated with your revoked approval.
Welcome Bonuses will be applied within sixty calendar days of Perpay receiving your Initial Transfer.
VALUE OF WELCOME BONUSES:
Welcome Bonuses are issued as Rewards, and as such have no cash value until eligible rewards are redeemed for a purchase on the Perpay online marketplace. You may not assign, transfer, or pledge your rewards. You have no property rights or other legal interest in rewards.
© Perpay Inc., 2026
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