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AGS Card Program Participants Earn Record Rebate and Summer Promotions Announced

115 Members earn over $124,000 in Volume Rebates

By Wells Fargo Retail Services

Throughout the year, members offering the American Gem Society credit card program have the opportunity to earn a Volume Rebate each calendar quarter on quarterly net charge volume.1,2

You Can Earn Volume Rebates
Here’s how it works: members can qualify each quarter for rebates based on their net charge volume for that quarter. The greater the net charge volume, the greater the Volume Rebate you could earn.

Quarterly Net Charge Volume1 Multiplier Example
$40,000 - $99,999.99
.0025
$40,000 net charge volume = $100 rebate
$100,000 – 199,999.99
.0050
$100,000 net charge volume = $500 rebate
$200,000 – 399,999.99
.0060
$200,000 net charge volume = $1,200 rebate
$400,000 or more
.0070
$400,000 net charge volume = $2,800 rebate

Earn More with Term Agreements
Under the new contract extension, AGS members can also qualify for higher quarterly rebates by signing a term agreement with Wells Fargo. Rebates are still based on net charge volume for the quarter,1 but members with a term agreement can take advantage of higher multipliers—which means bigger rebates:

Quarterly Net Charge Volume1 Multiplier Example
$40,000 - $99,999.99
.0045
$40,000 net charge volume = $180 rebate
$100,000 – 199,999.99
.0070
$100,000 net charge volume = $700 rebate
$200,000 – 399,999.99
.0080
$200,000 net charge volume = $1,600 rebate
$400,000 or more
.0090
$400,000 net charge volume = $3,600 rebate

Limited Time Discounts

Plan Special Promotion3 Promotional Discount Rate
4918
No Interest if Paid in Full within 12 Months with regular monthly payments.
2.80%
4919
No Interest if Paid in Full within 18 Months with regular monthly payments.
4.75%
4920
Special rate of 0% APR with 24 equal monthly payments
9.49%

Promotions are only valid on authorizations submitted from August 27, 2022, through 11:59 p.m. Central Time on September 25, 2022, and all pending authorizations must be fulfilled by the end of the business day December 25, 2022.

Questions?
If you have questions about the American Gem Society credit card program, please call Amanda Howe, the AGS credit card program representative at Wells Fargo, at 515.985.0155 or email her at Amanda.howe@wellsfargo.com.

1In order to receive any rebate, bonus, or volume incentive payment, including the Volume Rebate set forth above, your company must not be in breach or default of the Agreement following the end of the calendar quarter during which any rebate was earned. Wells Fargo reserves the right to stop offering any rebates, bonuses, or volume incentives at any time with or without notice to you.

2Net charge volume is defined as the total of all purchase volume posted to accounts minus any credits, other than payments, on accounts.

3Refer to the American Gem Society credit card program Price Sheet for important details about promotional terms.

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