Interest on 'Club Card'
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Question
I have attached a file, I would appreciate an answer as soon as possible.
Answer
Hello,
There is no interest here; the credit of 40 shekels is not in exchange for a loan but for the signature, as immediately after joining the club, the credit can be utilized, and there is no 'waiting for money' here.
The discount is also not in exchange for the loan, as even someone who has utilized the 40 shekel credit and has already 'returned' all the money he gave and even more, is also entitled to receive the discount.
Moreover, many stores provide the 'club card' for free or for a symbolic fee, which means that the money for the card is not a loan but a 'seriousness fee' or something similar.
The store's profit is that a customer who feels part of the club tends to purchase again in this store, and that is the store's profit.