We also aim to provide our members with rewards that can be used on a daily basis, including deals on everyday household and grocery items or meals at local restaurants as well as
more experiential rewards, like discounts at local fitness centers, spas and salons, museums and aquariums, and other family entertainment attractions.
But while consumers can now bid on or purchase all kinds of
exciting experiential rewards and other high - value entertainment, brands and businesses can now create campaigns that reward a variety of engagement types, from checking - in to mentioning them on social media, taking pictures of their product, and more.
Here's an example: While everyone used to fawn over earning frequent flier miles to circle the globe, any number of travelers have been - there - and - done - that and are now looking
for experiential rewards that are not focused on travel.
With no cards to carry or multiple applications to open, Drop is a single platform for consumers to earn and discover
relevant experiential rewards from everyday purchases.
Experiential aspirations Average cardholders shouldn't
assume experiential rewards are beyond their reach — provided they charge often enough.
What sets Blueboard apart from other companies in the employee rewards and recognition space is its commitment to
experiential rewards rather than more traditional rewards like cash bonuses and gift cards.
Experiential rewards are particularly important today, in a world where consumers increasingly value experiences over things.
The No Hassle Rewards ® program from Capital One offers easy ways to earn rewards and a flexible suite of redemption options including travel, cash back, merchandise, gift cards,
experiential rewards and more.
Exclusive credit card rewards from American Express, MasterCard, Visa and others allow consumers to live out fantasies through what the industry has dubbed «
experiential rewards.»
According to the company's press release, these «
experiential rewards» will range from access to beta tests, line jumping at game release events, being written into a Capcom game or comic book, and being an extra in a Capcom movie.
And it's a good thing they did ignore that advice, because Blueboard, which helps organizations improve their employee recognition programs through the use of «
experiential rewards» (more on that later), probably wouldn't have come about if Yip and Smith weren't such close friends.
But recognition doesn't even have to involve physical or
experiential rewards to be effective.
Ultimately, Smith says,
every experiential reward that Blueboard offers is about «doing something that's really cool, but also really impacting the very personal and memorable moments of people's lives.»
In essence,
an experiential reward is an event that an employee earns, rather than some sort of good or service.
As an example of the form that
experiential rewards can take, Smith points to the «James Bond Experience,» one of Blueboard's most popular options.