Meaning of the word "rewards card" in English

What does "rewards card" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

rewards card

US /rɪˈwɔrdz kɑrd/
UK /rɪˈwɔːdz kɑːd/

Noun

a card issued by a retailer or company to customers to record points or benefits earned on purchases, which can then be redeemed for discounts, free items, or other rewards

Example:
Don't forget to use your rewards card at checkout to earn points.
I saved a lot of money with my grocery store's rewards card.