Credit Card Processing

Visa CPS Rewards 1


March 26, 2018

CPS Rewards 1 is a Visa interchange category that is used to calculate fees for swiped reward card transactions.

Interchange rate & fee: 1.65% + $0.10

Also known as:

CPS Rewards 1 is a Visa interchange category that is used to calculate the interchange fee for swiped transactions involving a credit card that produces rewards for the cardholder, such as cash back, or airline miles.

Qualification criteria:
The CPS Rewards 1 interchange category will apply under the following conditions:

  • Card type is a Visa Consumer Rewards, Signature, or Infinite
  • Card is swiped and the customer’s signature is obtained
  • The authorization for the transaction is settled within 24-hours

Typical bundled qualification:
Although there are no standards, many processors qualify the Rewards 1 interchange category as described below.

  • Businesses that swipe most transactions: mid-qualified, or non-qualified rate
  • Businesses that key-in most transactions:  Qualified rate
Ben Dwyer

BY Ben Dwyer

Ben Dwyer began his career in the processing industry in 2003 on the sales floor for a Connecticut‐based processor. As he learned more about the inner‐workings of the industry, rampant unethical practices, and lack of assistance available to businesses, he cut ties with his employer and started a blog where he could post accurate information about credit card processing.As the blog gained in popularity, Ben began directly assisting merchants in their search for a processor. Ben believes in empowering businesses by providing access to fair, competitive pricing, accurate information, and continued support. His dedication to transparency and education has made CardFellow a staunch small business advocate in the credit card processing industry.


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