Credit Features & Benefits
The minimum required amount for a credit card purchase
What is $0
The amount of payment options we can offer our customers
What is 3 (credit,leasing,affirm)
The minimum payment option application goal
What is 1 app a day per store
This is the minimum metric expectations of all Banter Team Members
What is 3/3+Payment Options
The minimum required amount for a lease purchase
What is $300
Customers must spend at least this much to get 6 months deferred interest
What is $300
The average Banter card sale
What is $273 (3 times more than a non-credit sale of $87!)
This gives the customer the opportunity to increase their buying power by completing multiple applications
What is waterfalling
The Banter Credit Card creates ________ customers.
What is return customers
The initial payment amount that must be used with a debit or credit card
What is 79.99+tax
Customers must spend at least this much to get 12 months deferred interest
What is $500
For purchases of $150 or more, customers can shop today and make monthly payments over time with this payment option
What is Affirm
This enhances a cardholder's purchasing power
What is credit limit increase
This is the % of sales that come from payment options
What is payment option mix
Progressive Leasing is a ___________ payment option, meaning you do not need to have a credit history to be approved.
What is no credit needed
This comes once a year for cardholders
What is Birthday Coupons
Customers have an 87% chance of approval when doing this
What is waterfalling
You do this when a customer is not immediately approved for a lease
Call progressive (talk to a rep)
This increases for all team members when they consistently make payment options
What is bonus/commission!
The customer pays the lease amount +10% with this payout option.
(for leases under 500 they pay lease amount + $50)
Four ways for customers to make payments on their Banter card
What are at any Banter store, online, over the phone, through the mail
This does not show up on the customer's receipt, however this is included in their progressive lease payments
What is tax
Directly putting a purchase on a new payment option account once the customer gets approved
What is activation
This metric gets increased significantly when you are making payment options
What is Average Ticket
The amount of payout options leasing customers have
What is 3 (90 day, Early buyout, 12 months)