loyalty rewards

Points for patronage

Loyalty rewards are benefits—points, discounts, free products, or special perks—given to customers for repeated patronage.

Airlines, hotels, coffee shops, and credit cards run loyalty rewards programs to encourage customers to keep coming back: I've been saving my loyalty rewards for a free flight.

The rewards accumulate with spending, creating incentive to consolidate purchases with one company.

Opposites
customer relationship duration

loyalty rewardsflash sales

Short-term promotional discounts

trial offers · limited-time offers · signup bonuses · loss leaders

exclusivity of benefit

loyalty rewardseveryday low prices

pricing strategy philosophy

loyalty rewardsfull price

Amount without reductions

regular price · pay-as-you-go · customer churn · rack rate · list price

Family

loyalty, rewards

Familiarity
Top 20,000
Profile
Known to kids · Used worldwide · Timeless · Positive · Everyday, not technical · Rated G