There are many good reason why shoppers should take advantage of rewards and loyalty programmes by the retailers they frequent the most, so the November 2013 issue of ShopSmart took a closer look at the loyalty programmes of nine US retailers and highlighted their best perks and benefits.
The study examined retailers including Best Buy Reward Zone, Amazon Rewards, Target REDcard, and Macy's Star Rewards, and concluded that loyalty cards can be a win-win for shoppers and retailers, especially in the lucrative holiday shopping season.
There are many types of reward and loyalty programmes, including those that are free to join and others that require shoppers to sign up for a credit or debit card first. According to ShopSmart's editor-in-chief, Lisa Lee Freeman, consumers are advised not to leave an outstanding balance on credit cards linked to loyalty programmes if possible, as high interest rates are also an incentive for retailers to recruit members.
Among the programmes, benefits and perks, and fine print highlighted were:
Best Perk: A US$50 gift card just for signing up.
How It Works: Three points for every US$1 charged at Amazon.com, including downloads, gift cards and subscriptions. One hundred points converts into US$1 to spend with Amazon.
Best Perk: Free product setup helpline for Premier Silver members of the programme.
How It Works: US$1 spent in stores or online equals 1 point. Or join the free Reward Zone Gamers Club to earn 2 points per US$1 on gaming purchases and trade-ins.
Best Perk: Exclusive store coupons.
How It Works: All Macy's cardholders automatically receive coupons in the mail.
Best Perk: 5% off both in-store and with online purchases.
How It Works: Simply shop and pay with the card.
Looking beyond credit and debit card reward programmes, there were three free rewards apps for smartphones that were noteworthy:
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