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Do Customer Rewards Programs Really Save You Money?

By on May 2, 2017
Do Customer Rewards Programs Really Save You Money?

More often than not, when you check out at a retail store the clerk will probably ask if you have a rewards card. While many stores offer customer rewards programs, not all of them actually provide you with much benefit. Keep reading to learn how rewards programs save you money and which ones are actually worth using.

How Do Rewards Programs Save You Money?

Retail stores often offer customer rewards programs, though not all of them do. Each store’s program is a little bit different as well. Some stores offer their customers a certain number of points based on their purchase that can later be redeemed for store credit or some kind of discount. Other rewards programs offer a free item after a purchase of a certain number of similar items. These programs are designed to increase customer loyalty and to increase the frequency with which customers shop at that particular store, but not all rewards programs are actually worth the effort.

If you only shop at that particular store once a month, for example, your rewards aren’t going to add up fast enough for you to see any real savings. Some stores also place limitations on their rewards, so you should read the fine print before you sign up to see how you will be rewarded, how often, and what the restrictions are.

Which Store’s Rewards Programs Are Worth It?

Whether or not it is worth the effort for you to sign up for a customer rewards program depends on a number of factors. Most important is the frequency with which you shop at the store – if you go every week, it might be worth it. You also have to think about the rewards themselves – if you get a sizable discount on every purchase it might be better than an occasional free item or coupon. If you’re curious to know which stores have rewards programs that are worth signing up for, here is our list:

  • Starbucks – This company’s rewards program offers customers two stars for each dollar spent which add up toward the 300 stars needed for Gold status. With Gold status, you get a personalized card and parks like in-store refills. For every 125 stars you get a free drink or food item.
  • Bloomingdale’s – For every dollar you spend in-store or online, you receive points. These points add up to a $25 reward card for every 5,000 points.
  • Regal Cinemas – For every dollar you spend, you earn 100 credits toward free upgrades and movie swag as well as tickets to movies.
  • Hertz – If you do a lot of traveling, the Hertz Gold Plus Rewards program gives you points for every dollar spent on rentals and service charges. You can redeem your points for free rentals and members get to skip the line at the counter.
  • DSW – For every dollar you spend on shoes in-store or online you earn 10 points toward a $10 reward at 1,500 points. This store offers two double point days each year.
  • Panera Bread – Simply scan your card with each purchase and you’ll be rewarded with free drinks and food from time to time – it isn’t based on how much you spend but on how often you eat there.

Signing up for a customer rewards program is usually pretty easy but you should take the time to read the fine print before you do. Some stores will send you junk mail and others might sell your information, so don’t be tempted by the potential for savings unless you really plan to use them.

Frugal Village

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