A saver award is a type of loyalty program reward offered by airlines, hotels or credit card companies to their members. It refers to a reduced price or discounted rate for a particular product or service, given to customers who save money in other ways such as using less energy or shopping at specific stores. In the context of travel rewards programs, saver awards are typically offered when members book flights or hotel stays well in advance or during certain times of year when demand is low. These discounted rates allow members to enjoy reduced costs for their travel while still earning points or miles towards future rewards.