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Redeem Square Credit Card rewards

Who is this article for?
  • Account owners or team members with the banking permission to manage banking products. Set permissions in Square Dashboard.
  • About Square Credit Card rewards redemption

    Square Credit Card rewards can be redeemed in two ways to give you flexibility in how you use your earned rewards. You can redeem your rewards as a statement credit applied directly to your Square Credit Card account, or redeem them for free processing on future Square sales. Both options provide the same cash back value - you earn rewards at a rate based on your Square Credit Card spending.

    Your rewards are earned as cash back equivalent value and displayed as a cash back balance in your rewards dashboard. When you redeem rewards for free processing, your cash back balance is converted to processing credits at current processing rates.

    Before you begin 

    • You can redeem rewards from your Square Dashboard or mobile web

    • You need an active Square Credit Card account with available rewards balance

    • Statement credit redemptions are applied directly to your credit card account

    • Free processing redemptions are applied as credits toward future Square payment processing fees

    Redeem rewards as statement credit

    Square Dashboard

    1. Sign in to your Square Dashboard and go to Banking > Credit Card > Rewards.
    2. Click Redeem.
    3. Select Statement credit.
    4. Enter the amount you want to redeem from your available cash back balance.
    5. Review the credit amount that will be applied to your Square Credit Card account.
    6. Click Confirm redemption.
      Your statement credit will be processed and applied to your Square Credit Card account. You can view the credit in your credit card activity feed and on your monthly statement.

    Mobile web

    1. Open your mobile browser and sign in to your Square Dashboard.
    2. Tap the Menu icon and go to Banking > Credit Card > Rewards.
    3. Tap Redeem.
    4. Select Statement credit.
    5. Enter the amount you want to redeem from your available cash back balance.
    6. Review the credit amount that will be applied to your Square Credit Card account.
    7. Tap Confirm.
      Your statement credit will be processed and applied to your Square Credit Card account. You can view the credit in your credit card activity feed and on your monthly statement.

    Redeem rewards for free processing

    Square Dashboard

    1. Sign in to your Square Dashboard and go to Banking > Credit Card > Rewards.
    2. Click Redeem.
    3. Select Free processing.
    4. Enter the cash back amount you want to redeem for processing credits.
    5. Review the estimated processing credits that will be applied based on current processing rates.
    6. Click Redeem.
      Your processing credits will be applied automatically to future Square payment processing fees until the credits are used up.

    Mobile web

    1. Open your mobile browser and sign in to your Square Dashboard.
    2. Tap the Menu icon and go to Banking > Credit Card > Rewards.
    3. Tap Redeem.
    4. Select Free processing.
    5. Enter the cash back amount you want to redeem for processing credits.
    6. Review the estimated processing credits that will be applied based on current processing rates.
    7. Tap Confirm.
      Your processing credits will be applied automatically to future Square payment processing fees until the credits are used up.

    Related articles

    Apply for and manage a Square Credit Card


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