Which part of the loyalty program is applicable to all currencies that can escrow points?

The escrow period is a key aspect of loyalty programs that is applicable to all currencies which can escrow points. During this period, points are set aside (or escrowed) and are typically unavailable for redemption until certain conditions are met. This concept allows for the management of points within a loyalty system, ensuring that customers engage with the program while providing the business with a mechanism to control the availability of rewards.

The escrow period ensures a uniform approach to how points are held and can be activated or unencumbered, thus allowing for flexibility across multiple currencies. This becomes particularly beneficial for businesses operating in diverse markets where different currencies and their corresponding point systems might be in play.

In contrast, the qualifying point balance, tier assessment, and point expiration policy serve different specific functions. The qualifying point balance pertains more to the points that count towards achieving certain tiers within the program, while tier assessment is focused on evaluating a member’s status based on their point earnings or activity. The point expiration policy addresses the lifecycle of points but doesn’t inherently relate to how those points can be managed across different currencies like the escrow period does.