Rewards Program Terms and Conditions
Date: July 2nd, 2024
Welcome to the KAST Rewards Program!
Maintaining your KAST Account in good standing automatically enrolls you in this loyalty/rewards program. These terms explain how to become eligible for, earn, redeem, and forfeit Points or Rewards. By participating in the Rewards Program, you are entering into a binding contract and shall be deemed to have expressly read, understood, and agreed to be bound by these Rewards Program Terms and Conditions in addition to the KAST App Terms and Conditions of Service (“T&Cs”) which you accepted to gain access to the KAST App. If there is any inconsistency between the KAST App T&Cs and these Rewards Program Terms and Conditions, these terms shall prevail for the Rewards Program, except where the KAST App T&Cs specifically apply. You hereby represent and warrant that by participating in the Rewards Program, you are not in violation of any applicable laws in your jurisdiction of residence.
We reserve the right to update these Rewards Terms at any time by posting a new version on our legal page. Potential updates may involve but are not limited to:
Changing the requirements for certain KAST Accounts to participate in the Rewards Program.
Modifying the conditions under which you can earn or redeem Points or Rewards.
Updating Multipliers, including the categories they apply to and their definitions.
Implementing caps, fees, or expiration terms for Points.
Restricting specific transaction types, purchasing categories, and merchants from earning Points.
Altering the availability, eligibility, and conditions for Restricted Rewards, Tiers, Multipliers, Benefits, Points, or any other aspect of the Rewards Program.
Ending the Rewards Program entirely.
The Rewards available under the program are subject to change at any time.
Description
The Rewards Program is a promotional program whereby Participants can receive rewards, in KAST’s sole discretion and as a gratuity, for completing specified activities on the KAST App under specified conditions as described in the Rules.
Eligibility for Participation
To be eligible to participate in the KAST Rewards Program, the following conditions must be met:
Your KAST Account must be maintained in good standing at all times;
Be eighteen (18) years of age or older, or the minimum age required in your jurisdiction of residence to have the necessary legal capacity, right, power and authority to accept these terms of the Rewards Program;
You must maintain a KAST Account;
Read, understand, and agree to the relevant Privacy Policy as applicable, as may be updated from time to time; and
All individuals earning or redeeming Points or Rewards should do so on their behalf.
(Named the “Participant”).
If any of the above conditions are not met, and we determine at our sole discretion that you are abusing or misusing the Rewards Program, or have otherwise violated the KAST T&Cs or any incorporated terms, agreements, and policies, you may become ineligible to earn or use Rewards and may forfeit any Rewards or Points previously earned or accumulated.
Without limiting any of our rights here, your eligibility to participate in the Rewards Program is at all times subject to your continuing compliance with these Rules and the foregoing eligibility criteria. Certain KAST Accounts may be deemed ineligible to participate in the Rewards Program. We reserve the right to update or modify the eligibility criteria, restrictions, and requirements at any time.
Your Participation
Participants may only use their own KAST App account to participate in this Rewards Program. Participants cannot transfer Points to any other person. Participants do not have the right to substitute Rewards for another Reward(s). Participants understand that they shall be bound by the Rules and by the interpretation of the Rules by KAST and by the decisions of KAST, which are final and binding in all respects. Receiving the Rewards is contingent upon fulfilling all requirements set forth in the Rules and all rewards are provided solely in KAST’s discretion as gratuities.
Rewards
The availability of Rewards may vary based on several factors, including but not limited to the number or types of services utilized by you, the duration of your relationship with KAST, and other criteria determined at our sole discretion. We further reserve the right to impose conditions, restrictions, or limitations on the availability of Rewards at our sole discretion.
Limits on Rewards
If for any reason the Rewards, or any part of a Reward, is unavailable or a Reward or related event is delayed, canceled or postponed and award a substitute Reward, or portion of a Reward, of comparable or greater value as outlined in the Rules. No substitution, transfer, assignment, or cash equivalent of the Reward, or any portion thereof, is permitted by the Participant. KAST and its Affiliates shall have no responsibility or obligation to a Participant who is unable or unavailable to, or who does not for any reason, accept or utilize a Reward. All costs and expenses not specifically listed above as part of the Reward are solely the Participant’s responsibility. The Rewards are provided on an “as is” basis. Participants acknowledge that KAST and its Affiliates have neither made nor are in any manner responsible or liable for any warranty, representation, or guarantee, express or implied, in fact, or in law, relative to the Rewards, including any implied warranty of merchantability or fitness for a particular purpose. Any Rewards pictured in advertising or Rewards Program materials (other than the Rewards Program FAQs) are for illustrative purposes only. Rewards must be redeemed by the Participant, however, might not be used to provide a reward for another person of their choice. Rewards may not be combined with any other loyalty/frequency reward program that is not managed by KAST or its Affiliates.
Earning Rewards
You may earn Rewards through the completion of Missions, including legitimate transactions with eligible KAST cards, upgrades of KAST cards, reaching the balance cap, and other Missions specified by us from time to time. The specific Rewards you may earn may vary based on factors such as the services you use, the Rewards Tiers offered, and your eligibility. We may impose limitations on the earning and redemption of Rewards, including caps, fees, and expiration.
Certain transactions may be excluded from earning Rewards, including but not limited to:
ATM withdrawals;
Fees and fines on your KAST Account;
Transactions deemed fraudulent;
Any conversion, conversion charge;
Disputed transactions or transactions subject to chargebacks; and
Certain other non-Card payment transactions
We reserve the right to determine that a particular transaction type or specific transaction is excluded from eligibility for Rewards earning at any time. Transactions on any periodic statement for which payment is delinquent, or for which all or a portion of the balance remains outstanding for any reason, may not earn Rewards. Rewards earned during any statement period may only be awarded upon payment in full of amounts owed to KAST.
Reversals and Failure to Earn
The earning of Rewards may be adjusted due to transaction reversals, such as refunds or chargebacks, or if we determine, at our sole discretion, that the conditions required for the earning of Rewards were not met. If this results in a negative Rewards balance, we may deduct a proportionate number of Points from your existing Points balance or from any future Points that would otherwise be earned to your KAST Account.
Rewards Tiers
We may establish various Rewards Tiers, each with distinct criteria for participation and benefits, such as access to specific Restricted Rewards or different Rewards Multipliers. While certain requirements for participation in a Rewards Tier may be publicly disclosed, the ultimate determination of your qualification for any given Rewards Tier will be made at our sole discretion.
We may utilize any information you provide to KAST or any information to which we have access, in assessing your eligibility for a Rewards Tier. We are not obligated to disclose the specific factors or criteria considered in making our determination. Your eligibility for a Rewards Tier is subject to change at any time at our sole discretion.
Restricted Rewards
Restricted Rewards may be available only to a specific subset of KAST users or in limited quantities. For example, a Restricted Reward might allow certain users who meet specific criteria to attend an event with a limited number of seats. The redemption of a Restricted Reward depends on the conditions that must be met before the reward is exhausted or expires.
Access to Restricted Rewards is not guaranteed, even if the exact number of redemption opportunities or specific requirements are not communicated to you.
Additional Rewards Terms
Certain Rewards, including but not limited to Restricted Rewards, Tiers, and Multipliers, or Points, may be subject to additional terms and conditions, which will be provided to you as applicable. Rewards partnerships with third-party service providers may also carry additional terms and conditions determined by the third-party service provider. It is your responsibility to review and understand any such additional terms and conditions. KAST disclaims any liability for claims arising from engagements with third-party service providers.
Redeeming Rewards
The available Rewards, redemption options, for you are displayed in your KAST Account or in our Rewards FAQ. These redemption options are subject to change and are governed by the terms, conditions, and availability of offers from external partners (when applicable).
The value of Points may vary depending on how authorized users elect to redeem them or at KAST's sole discretion in accordance with these Rewards Terms. Rewards offerings with third-party partners are not guaranteed and may change or expire at the discretion of KAST or the third-party partners, with or without prior notice. Both KAST and third-party partners may impose conditions on when and how Rewards can be redeemed.
For example, a third-party partner may limit the use of a Reward to new or existing users, require the use of a Reward by a specific date, or set minimum or maximum limits on the number of Rewards that can be used. Each available Benefit may be redeemed only once per Account.
KAST may restrict the use or redemption of Rewards, Points, or Benefits to specific authorized users or accounts. It is your responsibility to ensure that any actions taken to use or redeem Rewards do not violate KAST policies or rules, applicable industry practices, ethical obligations, or any relevant laws and regulations.
Losing Rewards
Disqualification
You may be disqualified from participating in the Rewards Program if at any time any of the following conditions occur including but not limited to:
Any payments you owe to KAST are past due;
Any prior payments were late;
Fraud, abuse or violation of any terms with KAST;
You misuse any of the Services;
You engage in any Prohibited Activities or in any Prohibited Countries, breach policies, or other agreements with KAST; or
You attempt to or otherwise game or misuse Points, Rewards, or the Rewards Program.
If we determine, at our sole discretion, that you no longer satisfy the requirements for participation in the Rewards Program, we may disqualify you, and you may lose any Points or Rewards that you have earned.
Payment Failure, Delinquency, Suspension, or Termination
In the event of any of the following:
Payment failure;
Delinquency;
Suspension; or
Termination of your KAST Account
Your earned Rewards may be forfeited, and we may freeze your ability to redeem Rewards. We may refuse any request to use Rewards or terminate your participation in the Rewards Program if your KAST Account is not in good standing if any payments are past due, if your KAST Account has been terminated, or if you have otherwise breached any of your obligations under the Rules and KAST T&Cs and applicable Programs. You may lose all earned Points or Rewards if your account is terminated, either by you or by us. If your KAST Account is delinquent, you will not earn Points or Rewards.
If you forfeit Points, we may, at our sole discretion, allow you to regain these Points. We may charge a fee, require you to pay all amounts owed to us, or impose other conditions for doing so.
General Provisions
Changes to these Rules
We reserve the right to amend, replace, modify or remove these Rules Reward Programs or Rewards or provide another agreement governing your use of the Rewards or any portion of them by giving you notice. Any waiver, modification, or indulgence we provide to you, of any kind or at any time, applies only to the specific instance involved and will not act as a general waiver, modification, or indulgence under these Rules for any other or future acts, events, or conditions. Furthermore, any delay by KAST in enforcing our rights under these Rules does not constitute a forfeiture of such rights.
Other Legal Terms
KAST may assign, pledge, or otherwise transfer the administration of these Rules, Reward Programs and/or Rewards without providing notice to you. You release KAST from all liability for your use of Rewards and your participation in the Rewards Program. Additionally, you release KAST from liability for third-party claims in accordance with these Rules.
Limitation of Liability and Indemnity
THE REWARDS ARE OFFERED AND PROVIDED “AS IS” WITH NO WARRANTY OR GUARANTEE BY KAST OR ANY AFFILIATE, EITHER EXPRESS OR IMPLIED. IN NO EVENT WILL KAST OR ANY AFFILIATED ENTITY BE LIABLE TO THE PARTICIPANT FOR ANY DIRECT, SPECIAL, INCIDENTAL, EXEMPLARY, PUNITIVE OR CONSEQUENTIAL DAMAGES (INCLUDING LOSS OF USE, DATA, BUSINESS OR PROFITS) ARISING OUT OF OR IN CONNECTION WITH PARTICIPANT’S PARTICIPATION IN THE REWARDS PROGRAM, WHETHER SUCH LIABILITY ARISES FROM ANY CLAIM BASED UPON CONTRACT, WARRANTY, TORT (INCLUDING NEGLIGENCE), STRICT LIABILITY OR OTHERWISE, AND WHETHER OR NOT KAST AND/OR OTHER AFFILIATED ENTITIES HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH LOSS OR DAMAGE. SOME JURISDICTIONS DO NOT ALLOW THE LIMITATION OR EXCLUSION OF LIABILITY FOR INCIDENTAL OR CONSEQUENTIAL DAMAGES, SO THE ABOVE LIMITATION OR EXCLUSION MAY NOT APPLY TO YOU.
By entering the Rewards Program, the Participant agrees to indemnify, defend, and hold harmless, KAST and its affiliated entities from any and all liability, for any claims, damages, injuries or losses of any kind, and to release all rights to bring any claim, action or proceeding arising out of, in connection with, or relating to, (i) participation in the Rewards Program, (ii) without limitation, death, or property damage, arising directly or indirectly from the acceptance, possession, misuse or use of the Rewards, (iii) defamation, violation of publicity rights, or invasion of privacy in connection with the Rewards Program or acceptance and use of the Reward, and (iv) copyright infringement, trademark infringement, or any other intellectual property-related cause of action arising from or related to the Rewards Program, the Reward, or KAST’s advertising and marketing related to the Rewards Program, Participants, in all cases, including but not limited to: (a) unauthorized human intervention in the Rewards Program; (b) technical errors related to computers, servers, providers, or telephone, or network lines; (c) printing errors; (d) lost, late, postage-due, misdirected or undeliverable mail; (e) errors in the administration of the Rewards Program or the Missions; or (f) injury or damage to persons or property (including to any computer or mobile device systems resulting from participation in or accessing or downloading information in connection with the Rewards Program), which may be caused, directly or indirectly, in whole or in part, from the Participant’s participation in the Rewards Program or receipt or use of any Reward. Participant assumes all liability for any injury or damage caused or claimed to be caused, by participation in the Rewards Program, or the acceptance, receipt, or use of the Reward and/or any Reward component. Participant further agrees that in any cause of action, KAST and/or its affiliated entities’ liability will be limited to the value of the Reward, and in no event shall any affiliated entities be liable for attorney’s fees.
KAST reserves the right in its sole discretion to disqualify any Participant it suspects or finds (i) to have acted dishonestly, fraudulently, or otherwise in bad faith in the completion of applicable activities (ii) to be acting in a disruptive manner, or with the intent to annoy, abuse, threaten or harass any other person; (iii) to display behavior that will bring KAST or its affiliated entities into disgrace and/or disrepute; (iv) to have provided inaccurate information on any legal documents submitted in connection with the Rewards Program; (v) used profanity, racial slurs, foul language or comments that may be deemed as an attack on KAST, its affiliated entities or other persons; or (vi) to be acting in violation of the Rules.
ANY VIOLATION OF THE RULES BY A PARTICIPANT WILL RESULT IN SUCH PARTICIPANT’S DISQUALIFICATION AND ALL PRIVILEGES AS A PARTICIPANT WILL BE IMMEDIATELY TERMINATED.
Misconduct
ANY ATTEMPT BY ANY PERSON TO DELIBERATELY DAMAGE OR UNDERMINE THE LEGITIMATE OPERATION OF THE REWARDS PROGRAM MAY BE IN VIOLATION OF CRIMINAL AND CIVIL LAW AND SHOULD SUCH AN ATTEMPT BE MADE, KAST RESERVES THE RIGHT TO SEEK REMEDIES AND DAMAGES (INCLUDING ATTORNEYS’ FEES) FROM ANY SUCH PERSON TO THE FULLEST EXTENT PERMITTED BY LAW.
Taxes
The value of the Reward may be taxable to the Participant as income depending on the juridiction. All federal/national, state/provincial, and local tax liability and any other costs and expenses associated with acceptance or use of the Reward not specifically provided for in the Rules are solely the Participant’s responsibility (regardless of whether the Reward, in whole or in part, is used)
Severability and Survival
The invalidity or unenforceability of any provision of the Rules will not affect the validity or enforceability of any other provision. In the event that any provision of the Rules is determined to be invalid or otherwise unenforceable or illegal, the other provisions will remain in effect and will be construed in accordance with their terms as if the invalid or illegal provision were not contained herein. All provisions of the Rules, which by their nature extend beyond its termination, including, without limitation, provisions pertaining to suspension and termination, shall survive such termination.
Assignment, Delegation, or Transfer.
You may not assign, delegate, or transfer any rights or obligations under the Rules without our prior written consent. Any such attempted assignment, delegation, or transfer shall be null and void. We reserve the right to assign, delegate or transfer the Rules or our rights and/or obligations hereunder without restriction, including without limitation to Affiliates, or to any successor in interest of any business associated with the KAST App.
Privacy
All information provided by the Participant and collected by KAST in connection with the Participant’s participation in the Rewards Program will be subject to and will be treated in a manner consistent with KAST’s Privacy Policy as applicable in your jurisdiction. By participating in the Rewards Program, the Participant hereby agrees that KAST may collect and use his or her personal information provided, and acknowledges that he or she has read and accepted the KAST Privacy Policy. Among other things, the Participant's information may be used for sending the Participant's updates and announcements about KAST and its products and/or services. In the event there is a discrepancy or inconsistency between, on the one hand, disclosures or other statements contained in the privacy policy or terms of use on a website and/or the terms and conditions of various products, services and features that we offer (excluding the Rewards Program), and on the other hand, the Rewards Program Terms and Conditions, the Rewards Program Terms and Conditions shall prevail, govern and control with respect to the Rewards Program and the discrepancy will be resolved in KAST’s sole and absolute discretion.
Third Party Rights
Other than the Affiliates of KAST, a person who is not a party to these Rules shall have no rights hereunder.
Legal and Regulatory Disclosure
The regulatory status of Virtual Assets is currently unsettled, varies among jurisdictions, and is subject to significant uncertainty. It is possible that in the future, certain laws, regulations, policies, or rules relating to Virtual Assets, blockchain technology, or blockchain applications may be implemented which would directly or indirectly affect or restrict the services that we provide to you. YOU ARE RESPONSIBLE FOR DETERMINING WHETHER THE USE OF THE KAST APP AND PARTICIPATION IN THE REWARDS PROGRAM AND ANY OF OUR RELATED SERVICES IS LEGAL IN YOUR JURISDICTION AND YOU SHALL NOT USE THEM SHOULD SUCH USE BE ILLEGAL IN YOUR JURISDICTION. IF YOU ARE UNCERTAIN, PLEASE SEEK INDEPENDENT LEGAL ADVICE. We may be forced to suspend, discontinue, or change aspects of the Rewards Program and any of our services in any jurisdictions without notice and for whatever reason if demanded by regulatory authorities.
Defined Terms
Account means an account maintained by a user in KAST platform;
Benefits means certain benefits, discounts or other offers that may be available to participants in the KAST Rewards Program.
Mission(s) means activities, tasks, or actions that a Participant must undertake on the KAST App to be eligible for Points, including unlocking other benefits on the KAST App, which can be redeemed for specified Rewards as shown in the KAST App and pursuant to the Rules.
Multipliers means any promotion provided by KAST that applies one or more Points per money spent for specific types of transactions on Cards, Missions or any action, as determined by KAST.
Participant means an eligible individual who participates in the Rewards Program in accordance with the Rules.
Restricted Rewards means any Reward that is available for a limited time, in a limited quantity, to a certain Rewards Tier, or otherwise in time, scope, or to a subset of KAST users.
Rewards means Points, Benefits, or other benefits conferred by KAST through participation in the Rewards Program by completing Missions according to the Rules.
Rewards Program means the program offered by KAST described on our page, website or App as governed by these Rules.
Rewards Program Terms and Conditions means these KAST rewards terms as amended from time to time.
Point means a unit-like point that may be accumulated or earned in a manner defined by KAST and has no monetary value. The USD values mentioned in a Rules (if any) are to help participants understand the value of KAST points within the context of the Rewards Program.
Rules means the Rewards Program Terms and Conditions and the Rewards Program FAQs as well as any other requirements specified by KAST with respect to the Rewards Program.
Tier means a status designated by KAST that may include additional benefits, access to exclusive Rewards, or specific Multipliers
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