One aspect to consider, though, is the return you'll get from spending
your money with a loyalty program.
Not exact matches
With more companies vying for consumers» attention (and
money), businesses need to create
loyalty programs to get customers on board and to stay.
Going beyond the obvious of helping them save
money, a
loyalty program makes them feel as though they are part of a community, while rewarding them at the same time for doing business
with you.
You'll be spending the
money on the things that earn the most points — dining and travel — and you can also enjoy that 1:1 point transfer
with all your favorite airline and hotel
loyalty programs, which, for those of us who are really into our
loyalty programs, can be a big deal.
- All Freehold Hyundai Pre-owned cars go through a 127 point vehicle inspection - Receive 3 FREE Oil Changes for the first year / 15, 000 miles under the BRAM
Loyalty Maintenance
Program with purchase of a Pre-owned vehicle Why spend more
money than you have to?
The
loyalty program requires no sign - up and begins when you open a deposit account
with Synchrony, such as High Yield Savings Account, certificate of deposit,
money market account, or individual retirement account.
Canadian Tire Corp. is giving the
loyalty landscape its second big shake - up this year,
with an expansion and series of changes to the 11 - million - member, 60 - year - old
program that made its name
with the iconic Canadian Tire paper
money.
Just about every store has a
loyalty program these days, and using it in conjunction
with your coupons can shave even more
money off your final total.
If this number drops to 1 %, meaning more people are paying for travel
with cash, it means the customer doesn't see value in your
loyalty program — not good, despite the extra
money in the short - term.
To give the most trivial example of point density, here's the amount of
money that has to be spent
with each hotel
loyalty for a non-elite member using a third - party credit card to earn an award night at a top - tier property in that
program, notwithstanding any promotions:
You'll be spending the
money on the things that earn the most points — dining and travel — and you can also enjoy that 1:1 point transfer
with all your favorite airline and hotel
loyalty programs, which, for those of us who are really into our
loyalty programs, can be a big deal.
On top of getting
money back via TopCashback I can pay
with my rewards credit card (so I earn points in my preferred currency), I have my status recognised at the hotels I book at and I earn further points in the hotel's
loyalty program too.
United is playing catch up
with Delta, either because it thinks Delta is truly leading a new model for airline
loyalty programs or because its management is flailing and doesn't know what else to do to please investors as they continue to lose
money.
Having said that I'm more than a little aware that
loyalty programs are designed to encourage us make irrational decisions and,
with the Conrad offering a considerably larger room for less
money, I'm questioning my thinking.
This benefit is hands - down my favorite airline
loyalty program benefit because it allows you to bring a companion
with you for free any time you fly, whether your ticket was paid for
with money or points.
I am an Experienced Senior Executive Specializing in global financial services,
with a focus on the remittance /
money transfer and mobile card payments market, including MasterCard and Visa products, closed loop non institutional card
programs,
loyalty / bonus point
programs and coupon
programs.