The second most-cited reason for participation in loyalty programs (38% of survey respondents) is to earn benefits, such as points that can later be redeemed for rewards.
Earning VIP status is the distant third most-cited reason for participating in loyalty programs (4% of respondents), followed by social recognition rewards, such as FourSquare badges (0.8%).
Below, additional key findings from the report, which was based on data from a survey of 387 loyalty program users in the United States.
Digital vs. Card-Based Programs
Consumer preference is roughly split between fully digital programs (those that exist only as apps or Web programs) and card-based programs; 30% of consumers are undecided, or have no preference.
Some 59% of respondents say they would be more likely to join a loyalty program that offers a smartphone app.
A large majority (82%) of respondents say they are "more likely" or "much more likely" to shop at stores that offer loyalty programs.
About the research: The report was based on data from a survey of 387 loyalty program users in the United States.
Continue reading "Why Consumers Participate in Loyalty Programs" ... Read the full article
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