WHAT KIND OF REWARDS PROGRAM IS IT?
Slakey Brothers wants to take you shopping! In conjunction with our vendor partners, we’ve developed a rewards program that gives you flexibility, choices and the opportunity to earn unlimited “royalties” on purchases you already make!
The Club Slakey Royalty Card is a custom debit card program. When you sign up for the program, you begin earning royalty points that convert to a Visa debit card account in your name. Purchases made of designated vendor products earn points that translate into dollars on your card. When you make a purchase using your Club Slakey Royalty Card, the amount is deducted from your account balance.
WHO SHOULD SIGN UP?
Any customer principle who wants to be rewarded for demonstrated loyalty.
Points Per Dollar
|Milwaukee Tools & Accs||3|
|State water heaters||3|
Points Per Dollar
|Diversitech / Cladlite||7|
HOW MUCH CAN I EARN?
When you purchase any designated vendor product from Slakey Brothers, you will earn points according to the vendor list below. The earning potential is unlimited, and is directly related to your purchases. Club Slakey Royalty Card points X .005 = Dollars credited to Royalty Card (Example: 50,000 program points X .005 = $250 credited to your Royalty Card)
HOW DO I KNOW HOW MUCH CREDIT I’VE EARNED?
There are two ways. Cards will be credited with royalty dollars on a quarterly basis in April, July, October and January (by the end of the month). You can check your account status any time you like by logging on to the Club Slakey Royalty Card web site at https://www.prepaidcardstatus.com/ Slakey Brothers will also help you keep track of your performance by sending you a detailed statement each quarter showing how much designated product you purchased, the number of points you earned that quarter, and the dollar amount that your points represent.
WHEN CAN I START SHOPPING?
Participants that sign up by March 31st will receive their Club Slakey Royalty Card™ by the end of April with the first crediting of royalty dollars earned in the 1st quarter. The cards will be increased again in July with the 2nd quarter earnings, in October with the 3rd quarter earnings and finally in January with the 4th quarter earnings. We want to help you increase your Royalties! Sign-on by March 31, and we will automatically credit your card with all the royalty dollars based on the points you have earned for designated vendor purchases back to January 1! Sign-on from April 1 - September 30 and you will receive a one month sign-on bonus. For example, if you sign up on June 15, 2016, your card will be credited with the royalty dollars based on the points you would have earned for designated vendor purchases back to May 15, 2016. No sign-ups will be accepted after September 30, 2016.
HOW LONG IS THE PROGRAM PERIOD?
The program runs for a full calendar year. All YEARLY rewards cards will expire four months after the program ends, or April 30, 20xx. Unfortunately, balances cannot be transferred to a new card for the NEXT YEAR'S program.
WHO CAN USE MY Club Slakey Royalty Card?
We have designed this program to give you options. Principles who sign up for the program will receive one card which you can designate to anyone you choose (yourself, a family member, etc.) You can also purchase extra cards at a cost of $25 per card (see enrollment form for details). These extra cards can be given to a business partner, family members or loyal builders. Your purchases will fund the cards, and you will designate the percentage of funds credited quarterly to each card (eg: principle's card receives 30%, partner's card receives 30%, and a builder's card receives 40%). Only the principle will receive the monthly statement from us, but all cardholders can view their individual account balances online. You will have the option to add cards and cancel cards at your discretion. Note: We are required to issue a 1099 form to each business/corporation on the amount loaded onto all cards for the program year.
WHAT CAN I BUY WITH MY Club Slakey Royalty Card?
Just about anything! We've designed the program to give you the freedom to choose how you spend your royalties. Your Club Slakey Royalty Card is not limited to a select few participating vendors. It can be used anywhere Visa is accepted, giving you maximum flexibility. Use it for a special dinner, to purchase concert tickets, to send flowers, or to book a cruise. Visa is accepted at most retail stores, as well as on-line for convenient shopping. Not redeemable at ATM machines for cash.
CAN I BUY SOMETHING THAT COSTS MORE THAN MY Club Slakey Royalty Card BALANCE?
Yes! If you want to make a purchase that is above and beyond your account balance, you can supplement your purchase with a major credit card, personal check or cash (in accordance with retailer policy).
WHAT IF I LOSE MY Club Slakey Royalty Card?
Cards can be replaced for an administration fee of $25 plus Fed Ex charge (both will be deducted from card balance). Just call your sales person and let them know and we’ll have a new card issued within 10 working days.
HOW DO I SIGN UP?
It’s easy! Just contact your Branch Manager or TSR. You will be rewarded with earnings from all of the sponsoring vendor companies above. Remember: the more you purchase from the list the bigger your “royalties”!
THE FINE PRINT
- Points accrue only on purchases from Slakey Brothers of designated vendor products.
- Slakey Brothers reserves the right to withhold funding on past due accounts.
- Returned purchases resulting in negative statement balances will be billed back to the customer’s Slakey account or removed from the card balance.
- Funding of this card is not affiliated with any other Slakey program.
- Any tax liability is the responsibility of the participating business. A 1099 form will be issued by Slakey Brothers.
- Principles receive one card with program participation. They may purchase extra cards and allocate earnings to these cards.
- Royalty Card cannot be used at ATM machines for cash.
- Quarterly Earnings must exceed $25.00 to be credited to your Royalty Card.