Credit Card Cash Back (CCCB) Program Expense Estimator Results

Screen ID:  ICRDPRNT-02
Screen Title: CCCB Program Expense Estimator Results
Panel ID: ICRDPRNT-02
Tool Number: Multiple
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Access this screen by selecting Tool #1550 Credit Card Cash Back Program Config.or Tool #1555 View Credit Card Cash Back Program and selecting "Expense Estimator", then Run.

This screen shows the results, in dashboard format, of the configurations selected on the previous screen. The results display the total number of accounts evaluated, cash back to be paid, forfeited and other exceptions, and calculates estimated monthly, 3 month, and 12 month of expense.

Use the Inquiry action to review the credit card loan account.

Toggle Show Breakdown and Show Total (F11) to swap between total expenses and expenses broken down by MCC group and All Other transactions.

Field Descriptions

Field Name

Description

Calculation Settings

Adjustments Will Affect This Forecast Only

Credit card cash back program code and Status

The 2-digit alphanumeric code assigned to the rewards program. This code is what attaches the program to the loan category. The status field shows either Active or Suspended.

Payout frequency

Shows the configured payout frequency (Monthly, Quarterly, Annually).

For calendar month

Shows the calendar month selected, either the previous month or the current (partial) month.

Accounts to include

Shows the selection from the previous screen.

Accounts already enrolled – if this is selected, when the forecast is run, it will look for the loan category/ies where this code is attached and run against all of those CC accounts that are enrolled to receive the rewards (therefore if run on last month’s files, the results should pretty much match what actually posted, other than accounts that were subsequently closed) whether accounts already enrolled or accounts in the selected loan categories.

Choose loan categories – if this is selected, you must choose at least one category, then when the forecast is run, it will calculate rewards using trans history for all CC accounts with that loan category.

Loan Category(ies)

Shows the selected loan categories, if applicable.

Group

If MCC group is selected, it will appear here, along with the rate percentage.

ALL OTHER

This rate applies to each purchase transaction, and if an MCC group is selected, it applies to all transactions that are not within the MCC group.

Total # of credit card accounts evaluated

This field displays the total number of credit card accounts that were analyzed using the estimator configuration. (Frozen accounts or other exceptions may occur)

Total cash back to be paid and # of accounts

Total amount of cash back that would be paid.

Total cash back forfeited and # of accounts

Total amount that would have been forfeited.

Reasons that a member may have a forfeited reward can include a member who was delinquent based on their program configuration at the time of reward posting, or a member that has been manually adjusted to forfeit a reward.

Total other exceptions and # of accounts

Accounts that may have earned but are currently frozen or with another exception.

Forecast Results

Account #

The member's account base and suffix.

LNCAT

The loan category of the member loan.

Purchases

Show Total: When show total is selected, this will show the total purchase transaction amount.

Show Breakdown: When show breakdown is selected, this will show the purchase amount within the MCC group selected.

Earned

Show Total: When show total is selected, this will show the total earned reward amount.

Show Breakdown: When show breakdown is selected, this will show the earned amount within the MCC group selected.

Paid or Purchases

When Show Total is selected, this will show the total amount paid in rewards.

When Show Breakdown is selected, this will show the total amount of purchases for the All Other Transactions grouping.

Forfeited or Earned

When Show Total is selected, this will show the total amount forfeited in rewards.

When Show Breakdown is selected, this will show the total amount earned in rewards for all non-MCC group code transactions.

Summary of Estimated Program Expenses

Excludes Forfeits/Exceptions

Estimated monthly expense

This shows the estimated monthly program expenses, less any forfeited rewards or exceptions.

This monthly expense over 3 months would be

This calculates the above cost for a 3 month period.

This monthly expense over 12 months would be

This calculates the monthly expense for a 12 month period.