What is card renewal period in SAP CRM-MKT-MPL-LOY - Loyalty Marketing?

SAP Term: card renewal period

• Component: CRM-MKT-MPL-LOY

• Component Name: Loyalty Marketing

• Description: The time period during which the card renewal process is initiated and completed, including printing and delivery.

Smart SAP Assistant

• Key Concepts: 
  Card renewal period is a feature of SAP's Loyalty Marketing component. It is the length of time that a customer's loyalty card is valid for. The card renewal period can be set to any length of time, from one month to one year. 
  
  How to use it: 
  The card renewal period can be set in the Loyalty Marketing component of SAP. To do this, go to the Loyalty Marketing tab and select the “Card Renewal Period” option. From there, you can set the length of time that the customer's loyalty card will be valid for. 
  
  Tips & Tricks: 
  It is important to set the card renewal period to an appropriate length of time. If it is too short, customers may not have enough time to take advantage of their loyalty benefits. If it is too long, customers may forget about their loyalty benefits and not use them. 
  
  Related Information: 
  The card renewal period is related to other features in the Loyalty Marketing component, such as points expiration and rewards redemption. It is important to understand how these features work together in order to maximize customer loyalty and engagement.