Payback Card in Germany [What is it & Should you Get one?]

00:11:50
https://www.youtube.com/watch?v=BuUswhlOpzE

Résumé

TLDRThe video explains the Payback program in Germany, which is a popular loyalty scheme with over 600 partners, including Rewe and DM. Participants collect points for purchases which can be redeemed for rewards like discounts, airline miles, and more. Key considerations include the data privacy concerns as companies collect purchase data. Users can opt out of data sharing while still using the loyalty benefits. The American Express Payback credit card, offered for free, provides additional benefits like lifetime point validity and earns points on all purchases, but it has drawbacks for international use. The program’s value varies depending on individual shopping habits and preferences for loyalty rewards.

A retenir

  • 🎟️ Payback is a major loyalty program in Germany.
  • 💳 Payback offers a free American Express credit card.
  • 📱 Points can be redeemed for various rewards.
  • 🔍 Personal data is collected but sharing can be declined.
  • 👥 Over 600 partners participate, including Rewe and DM.
  • 💡 Points are typically 1 per 2 euros spent.
  • ⚠️ Points expire in 3 years without the Amex card.
  • 🌐 The Amex card has limitations outside the Eurozone.
  • 📊 Using the card doubles points with partner purchases.
  • ❔ Program worth depends on shopping habits.

Chronologie

  • 00:00:00 - 00:05:00

    The video introduces the Payback card, a popular loyalty program in Germany with over 600 partners such as Rewe and DM. The program is owned by American Express and allows consumers to collect points that can be redeemed for rewards or discounts. Cardholders can either present the physical card or use an app at checkout to earn points. However, joining the program means consenting to data collection by Payback's partners, although users can opt out of data sharing while still using the program.

  • 00:05:00 - 00:11:50

    You can track and redeem Payback points through the app or website once you've collected a minimum of 200 points, which is equivalent to 2 euros. Popular redemption options include using points for future purchases, converting to Lufthansa miles, or exchanging for vouchers at non-partner companies like Spotify or Ikea. The video suggests using smart strategies when redeeming points and highlights that points collected via the American Express Payback card never expire. Additionally, check for partner-specific coupons or consider getting the free American Express Payback card to maximize point collection, though there are fees for certain transactions.

Carte mentale

Vidéo Q&R

  • What is the Payback card in Germany?

    It's a part of the most popular loyalty program in Germany, allowing you to collect points from over 600 partners.

  • How do you use the Payback card?

    Present your card or app at checkout to collect points from participating partners.

  • What personal data does Payback collect?

    Personal data during signup, details of purchases including store, date, amount, and possibly specific products.

  • Can you refuse data sharing with Payback partners?

    Yes, you can opt-out of data sharing and still use the Payback services.

  • How do you sign up for the Payback program?

    You must be over 16 and reside in Germany. Sign up via the Payback website or partner stores like Rewe and DM.

  • How are Payback points valued?

    Generally, 1 point per 2 euros spent equals 1 Euro cent, but it varies by partner.

  • How can you redeem Payback points?

    Redeem for purchases, airline miles, vouchers, or products once you have 200 points.

  • What is the validity of Payback points?

    Points are valid for three years, unless using an American Express Payback credit card, which offers lifetime validity.

  • What is the American Express Payback credit card?

    A free card offering points on all purchases and double points with Payback partners.

  • Is the Payback program worth it?

    It depends on your shopping habits and preference for collecting and using loyalty points.

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  • 00:00:00
    every time I would get lunch at Reve I
  • 00:00:03
    would always hear the same question
  • 00:00:05
    and out of confusion I would always
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    answer nine until one day I decided to
  • 00:00:11
    look for myself what is this payback
  • 00:00:13
    content that people keep on asking me if
  • 00:00:14
    I have or not in this video we will
  • 00:00:17
    explain what the paybackate is is it
  • 00:00:19
    worth for you to get one how do you
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    redeem the points and everything in
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    between so to the first question what is
  • 00:00:25
    the payback card in Germany so the
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    payback card is part of the payback
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    program and it is the most popular and
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    largest loyalty program or Rewards
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    program in Germany and it has it's free
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    and it has over 600 participating
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    Partners namely Revere and DM and many
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    many others it is owned by American
  • 00:00:44
    Express who also offer a free American
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    Express payback credit card which we'll
  • 00:00:49
    mention more about throughout this video
  • 00:00:50
    in short the payback program is a
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    program where you collect points which
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    you can later redeem for different
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    benefits so how does a payback program
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    work so for the consumer tumor it works
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    that you present your payback card
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    either in physical form or via the app
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    at the check out of the partner where
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    you're purchasing they usually have a
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    little scan machine you scan it there
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    and that way you get points added to
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    your account and as a payback card
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    holder you can either use your point to
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    pay with them at your next purchase to
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    exchange the points for cash or for
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    rewards such as lufthans and miles and
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    more or you can also choose to donate
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    them for a good cause now for the
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    partner companies of course there's also
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    benefits some of them it's just a
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    marketing scheme really for them to be
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    able to promote special offers to the
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    payback customers this way they can
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    attract new customers as well as gain
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    the Loyalty hopefully of existing
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    customers as well another and this is
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    where the tricky part comes is data that
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    they can collect through the payback
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    program so the payback program is free
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    for all customers not for the partners
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    of course and the reason why it's free
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    is because your data gets collected and
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    sent to the partner programs now this is
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    a critical point because this is where
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    you will need to decide if you want to
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    join the program or not pretty much or
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    you want to agree to the data collection
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    because you can also reject it yes so we
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    will jump into details now into the
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    section of what data does the payback
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    program collect so if you agree during
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    sign up that your data can get collected
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    the following data usually gets
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    collected your personal data that you
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    enter during sign up the partner you
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    used your paper card on to pretty much
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    where do you buy the date of your
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    purchase when do you buy as well as the
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    revenue you got points on so how much
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    did you spend and also this is a little
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    bit depending on what you're buying the
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    information on the products you bought
  • 00:02:36
    so depending on the type it could be the
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    specific item or the general product
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    group for example pharmacies are not
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    allowed to actually communicate the
  • 00:02:45
    exact medication that you're buying as
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    far as we can read in the terms and
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    conditions of payback actually this
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    information only gets conveyed to the
  • 00:02:53
    individual partner and not to all 600
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    Partners in our guide we have actually
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    the link to the forms which has the
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    terms and conditions of the different
  • 00:03:02
    consents that you need to give which we
  • 00:03:05
    will link in the description box below
  • 00:03:06
    also according to the payback website
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    you have the right to decline sharing
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    your data with these partners and you
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    still have the option to use payback so
  • 00:03:15
    it can still be free but you have
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    actively have to opt out from them
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    collecting your data and sharing it with
  • 00:03:21
    partner companies so now to the question
  • 00:03:23
    is how do you sign up to the payback
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    program so there's two basic
  • 00:03:26
    requirements for you to be able to join
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    one is you have to be older than 16
  • 00:03:29
    years and you have to be a resident of
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    Germany you can sign up either directly
  • 00:03:34
    via the payback website or through any
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    of the Partnerships let's say River NDM
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    we mentioned those two specifically
  • 00:03:40
    because those are the ones we frequent
  • 00:03:42
    most but there is like we said over 600
  • 00:03:44
    of them and once you have signed up you
  • 00:03:46
    already get your customer number which
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    you can use to start collecting points
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    you typically receive the physical
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    payback card
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    um three to four weeks after sign up but
  • 00:03:54
    you can also put it in your app which I
  • 00:03:56
    actually have it's a lot more convenient
  • 00:03:58
    because I usually forget the card now
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    let's jump into understanding the
  • 00:04:02
    collection of payback points because not
  • 00:04:04
    all points are created equal
  • 00:04:07
    so first of all the way you collect the
  • 00:04:08
    points is that at checkout you need to
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    present your payback either card
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    physically or through the app you need
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    to scan it for that uh amount of points
  • 00:04:16
    to be accredited to your account how
  • 00:04:19
    much are payback points worth it highly
  • 00:04:21
    depends on the partner company that
  • 00:04:23
    you're purchasing at in the majority of
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    shops you get one payback Point per two
  • 00:04:28
    Euro spent and one payback Point equals
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    one Euro Cent now at gas stations for
  • 00:04:34
    example a big brand that also
  • 00:04:37
    participates in the payback program you
  • 00:04:39
    get um one point per two liters that you
  • 00:04:41
    tank so it's not per the amount spend
  • 00:04:44
    but for the liters of gas
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    yeah and then there are also other
  • 00:04:48
    partners that are more contract based
  • 00:04:50
    where you get like a flat rate or like a
  • 00:04:52
    fixed amount of points for example if
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    you sign up for a forwarding service of
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    your mail for example from the Deutsche
  • 00:04:58
    Post or DHL you could get 25 payback
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    points if you're finding the information
  • 00:05:02
    of this video valuable then please hit
  • 00:05:04
    that like button and if you would like
  • 00:05:06
    to have more more information on how to
  • 00:05:08
    settle into life in Germany more
  • 00:05:09
    smoothly then consider subscribing to
  • 00:05:11
    our Channel and if you'd like to go the
  • 00:05:13
    extra mile and support this channel even
  • 00:05:15
    more you can do so in the form of a
  • 00:05:17
    virtual coffee via simple gym.com coffee
  • 00:05:19
    thank you for your support you can
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    easily check how many points you have
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    through the payback mobile application
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    once you open it on the top you actually
  • 00:05:28
    see how many points you have
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    alternatively in certain partner stores
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    we've seen them in Reva mainly there are
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    these big payback machines which is a
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    machine by payback and there you scan
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    your card and you can also check how
  • 00:05:40
    many points you have and the Third Way
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    is to actually go to the payback website
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    and log in you will need to enter your
  • 00:05:47
    customer number and your password and
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    then there you can also see how many
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    points you have now how to redeem
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    payback points first of all you need to
  • 00:05:55
    have collected a minimum of 200 points
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    to be able to start redeeming and 200
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    points equal to the worth of two euros
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    and the most popular ways to redeem them
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    is as we mentioned before briefly is to
  • 00:06:06
    actually pay your next purchase with
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    them which is what we usually do so
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    whenever we have collected more than 200
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    points or actually we wait a bit longer
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    usually until we have like 15 20 euros
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    or so we use that to pay our purchase at
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    River or DM either full or partially
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    depending on how much it is another way
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    is that you can convert your points to
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    Miles and more points which is actually
  • 00:06:27
    the Lufthansa loyalty program which
  • 00:06:29
    allows you also to use the points for
  • 00:06:30
    buying a plane ticket or upgrades and
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    such you also have the possibility to
  • 00:06:35
    exchange your points for vouchers to
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    then use that voucher at a partner or at
  • 00:06:40
    a company that is not a partner in the
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    payback program an example of certain
  • 00:06:44
    attractive companies might be Spotify
  • 00:06:46
    zalando and Ikea and another way to
  • 00:06:49
    redeem your points is to exchange them
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    for products so to use them to buy
  • 00:06:53
    products in the payback program now here
  • 00:06:55
    we would like to raise your attention a
  • 00:06:57
    little bit to be smart about it and look
  • 00:06:59
    at the product that you are interested
  • 00:07:01
    in in the payback program see how many
  • 00:07:04
    points it's worth and then look how much
  • 00:07:06
    is actually in the free Marketplace
  • 00:07:08
    because often it is cheaper to purchase
  • 00:07:10
    it directly than use your points for it
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    the payback points that you collect are
  • 00:07:14
    valid for a maximum of three years if
  • 00:07:16
    you use the payback card such as this
  • 00:07:18
    one now if you have the American Express
  • 00:07:20
    payback credit card they are valid for
  • 00:07:23
    lifetime so they don't expire we will
  • 00:07:25
    talk about the American Express credit
  • 00:07:27
    card a little bit later in the video now
  • 00:07:28
    let's talk about three ways to increase
  • 00:07:30
    the number or the amount of payback
  • 00:07:32
    points that you can collect and the
  • 00:07:34
    first one is to use coupons so this is
  • 00:07:36
    actually the whole marketing machine of
  • 00:07:38
    the payback program that comes into play
  • 00:07:40
    because like we said in the beginning of
  • 00:07:42
    course the system exists to make you buy
  • 00:07:45
    more to keep going back to the same
  • 00:07:47
    partner or to actually go to Partners
  • 00:07:49
    you would never try otherwise and the
  • 00:07:51
    most typical coupons you would find is
  • 00:07:53
    10 times the points at let's say a river
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    sometimes also for only specific groups
  • 00:07:59
    of products to push you to buy more of
  • 00:08:01
    those and and such now you can either
  • 00:08:04
    get the coupons delivered to you by
  • 00:08:06
    postal mail will actually get a brochure
  • 00:08:08
    where you can cut the coupons out and
  • 00:08:09
    actually use them or you can also check
  • 00:08:11
    the available coupons through the
  • 00:08:13
    payback app another method to increase
  • 00:08:15
    the points you collect is for example to
  • 00:08:17
    use specific sign up links let's say you
  • 00:08:20
    sign up to Disney plus and you use a
  • 00:08:22
    specific link you will get a one-time
  • 00:08:24
    Point accreditation to your account for
  • 00:08:26
    such a sign up did you know we have
  • 00:08:28
    templates on our website that can help
  • 00:08:30
    you settle into life in Germany more
  • 00:08:32
    smoothly you can check them out at
  • 00:08:34
    simplegermy.com templates now continue
  • 00:08:36
    with the video
  • 00:08:38
    and the Third Way is to get the payback
  • 00:08:41
    American Express credit card this is a
  • 00:08:44
    free credit card and this one actually
  • 00:08:46
    you collect points every time you use
  • 00:08:48
    the credit card not only when you're
  • 00:08:50
    actually purchasing through partner
  • 00:08:52
    companies if you use this credit card to
  • 00:08:54
    pay for your purchases at partner
  • 00:08:55
    payback companies then you actually get
  • 00:08:58
    double the points by default so this is
  • 00:09:00
    actually the best and fastest way to
  • 00:09:02
    accumulate the most amount of payback
  • 00:09:04
    points possible and if you're an
  • 00:09:06
    American Express fan this is actually
  • 00:09:07
    also the best or cheapest way to get an
  • 00:09:10
    American Express credit card because
  • 00:09:12
    usually their cards cost a yearly fee
  • 00:09:14
    and in this case it's free however bear
  • 00:09:16
    in mind that not all shops or points of
  • 00:09:19
    sales in Germany except American Express
  • 00:09:21
    because there's a higher transaction fee
  • 00:09:23
    for them compared to Visa or Mastercard
  • 00:09:25
    and a very big disclaimer since we
  • 00:09:27
    always pay attention to the customer or
  • 00:09:29
    consumer benefit of financial products
  • 00:09:31
    in a way the American Express payback
  • 00:09:34
    credit card is great for buying within
  • 00:09:38
    the Eurozone and collecting points
  • 00:09:40
    through that however it is not great for
  • 00:09:42
    buying or using it outside the Eurozone
  • 00:09:44
    because there is a quite Hefty
  • 00:09:46
    transaction fee for foreign currencies
  • 00:09:48
    of two percent also it's definitely not
  • 00:09:51
    for withdrawing cash from any ATM it
  • 00:09:54
    doesn't matter where even within Germany
  • 00:09:56
    because there is a four percent
  • 00:09:57
    transaction fee on cash withdrawal so
  • 00:10:00
    those are two big caveats why the card
  • 00:10:02
    is not great as an everyday credit card
  • 00:10:05
    but amazing for collecting as many
  • 00:10:07
    points as possible of payback it's that
  • 00:10:09
    if that's your thing another thing to
  • 00:10:11
    point out is that this is a charged
  • 00:10:13
    credit card which means that at the end
  • 00:10:15
    of the month the amount that you spent
  • 00:10:16
    will be directly debited from your bank
  • 00:10:19
    account meaning you're not getting a
  • 00:10:21
    credit loan or anything like that that
  • 00:10:23
    you can pay later in installments if you
  • 00:10:25
    are interested in such a revolving
  • 00:10:27
    credit card we have a separate video on
  • 00:10:29
    the best free credit cards in Germany um
  • 00:10:31
    that you can watch here or also read our
  • 00:10:33
    guide which is a little bit more up to
  • 00:10:34
    date that we will link in the
  • 00:10:36
    description below now to the big
  • 00:10:37
    question is it worth it to to get a
  • 00:10:39
    payback character in Germany and the
  • 00:10:41
    answer with everything it depends if you
  • 00:10:45
    consistently purchase items at Payback
  • 00:10:47
    partner companies and you like
  • 00:10:49
    collecting points and you would like to
  • 00:10:51
    actually use these points to later get
  • 00:10:52
    benefits then maybe you should consider
  • 00:10:55
    getting a payback card and in that case
  • 00:10:56
    you should also consider getting the
  • 00:10:58
    American Express pay by card because you
  • 00:11:00
    only benefit more even if you would not
  • 00:11:02
    like your data to be collected you can
  • 00:11:03
    still join the program and benefit from
  • 00:11:05
    the cashback opportunity if you choose
  • 00:11:07
    to sign up for the free American Express
  • 00:11:08
    payback credit card you can do so via
  • 00:11:11
    the link in the description below mind
  • 00:11:13
    you this is a partner link through which
  • 00:11:14
    we might get a commission at no extra
  • 00:11:16
    cost to you now if you are not into
  • 00:11:18
    American Express or this kind of payback
  • 00:11:20
    credit card we also have as we mentioned
  • 00:11:22
    before a video going into details of how
  • 00:11:24
    you can get a free credit card in
  • 00:11:26
    Germany and what you should consider
  • 00:11:27
    when you are looking for one and you can
  • 00:11:29
    check the video here on the left until
  • 00:11:31
    next time cheers wait don't you want to
  • 00:11:34
    say it again so Julia has a clean cut
  • 00:11:36
    clean cut yeah a clean cut yeah in short
  • 00:11:39
    the payback Chrome
  • 00:11:41
    [Music]
Tags
  • Payback Card
  • Germany
  • Loyalty Program
  • American Express
  • Data Privacy
  • Points Redemption
  • Rewe
  • DM
  • Credit Card
  • Rewards