Update 7/25/26: Pepper sent out an email with a "Rewards System Update" which says: "Starting July 26th, you will earn 20 points per dollar at minimum plus many merchants will offer boosted points of 3x, 5x, 7x, or even 10x. For example, at 5x merchants, you will earn 100 points per dollar. Points values remain unchanged: 10,000 points = $5." I'm going to guess that top brands like Amazon, Walmart, Home Depot, etc, will be losing their consistent 5% back.
By Chuck