Sunday Times : Rewards & Loyalty 2016 RewardsAndLoyalty2016 | Page 96

TO SIGN UP OR NOT MORE LOYALTY PROGRAMMES? BABALWA SHOTA ASKS WHAT TO LOOK OUT FOR BEFORE SIGNING UP FOR YET ANOTHER SCHEME. A re you a tea drinker with a coffee- shop rewards card? Did you go for a facial two years ago and end up with a colourful, unused beauty-spa card? What about the car-wash card that was stamped once, only because you happened to be in the area? You are not alone. A loyalty programme online survey conducted in 2015 by Eighty20 found that there are more than 100 loyalty programmes in South Africa. It’s little wonder that the average consumer has at least nine loyalty cards stashed away. The Loyalty Programme Member Engagement Survey 2015 engaged 750 respondents and explored programmes across a range of consumer sectors, including grocery, health and beauty, general retail, credit cards, banking, insurance, medical aid, travel and hospitality, restaurants and fast-food outlets. “On average, respondents are members of nine programmes across the spectrum, with 85% of respondents belonging to five or more programmes,” the survey states. “All but 1% of the respondents to the survey belong to at least one programme. Unsurprisingly, given their wide reach and accessibility, the most popular programmes identified by the survey are those offered by retailers. Over 70% of respondents are members of Pick n Pay’s Smart Shopper programme and 69% are members of health and beauty retailer Clicks’ ClubCard, a pioneer in the South African loyalty arena, launched in 1995.” 94 R E WA R D S & L O YA LT Y S A The irony of the loyalty programme, of course, is that not many people are loyal to it. Purses may be bursting with plastic, but how often do these cards actually get used? Why sign up if you never swipe? Loyalty experts agree that customers need to make a checklist before signing up for programmes. Always check the fine print. Read through the terms and conditions, and look for hidden charges and data-security concerns. Examine whether the rewards expire. Check if there are minimum redemption requirements or fees for transferring your rewards, which will reduce your spending power. Does the membership fee cancel out the value of the rewards you earn? Bombarded with cold calls, text messages and guerrilla ambushed in malls, consumers hardly have the time to think about whether a programme is worthwhile, but one should at least cover the basics. Dr Thandu Tshume, head of Physical Wellness in Client Engagement Solutions at MMI Holdings Limited, says the first thing a potential customer needs to be certain of is the name of the rewards/ loyalty programme. “After that, ask about the benefits of being on the programme, such as what you need to do to achieve/unlock the benefits available,” advises Dr Tshume. “Know the cost of the programme and have an insight into the various partners linked to it and what special deals they offer to members.” For some of us, however, the jargon gets overwhelming and the sheer scale of what a programme offers becomes a jumble of words. “FREE REWARDS LINKED TO ONE’S LIFESTYLE WITHIN KEY CATEGORIES SUCH AS GROCERIES, PETROL, ENTERTAINMENT, TRAVEL, COSMETICS AND CLOTHING HAVE PROVED TO BE THE MOST POPULAR.” FNB eBucks’ Bavani Roman says a programme should fit your everyday lifestyle and reward you for what you do anyway, like buying fuel and groceries. “In today’s busy lifestyle, it’s all about convenience,” she says. “And just because you’re a member of one rewards programme doesn’t mean that you can’t benefit from others at the same time. For example, when you pay for something at Dis-Chem Pharmacy using a qualifying FNB or RMB Private Bank card, you’ll earn eBucks on your spend. Then, if you also swipe your eBucks card, you’ll earn additional points because Dis-Chem Pharmacy is an eBucks Rewards partner. Finally, swipe your Dis-Chem Benefits card to earn points on that as well. That means triple rewards back in your pocket.” FNB seems to be doing something right because, according to the survey, more than 70% of members say they actively use eBucks, and over 60% say it offers the most value. “Lifestyle”, “convenience” and “partnerships” seem to be the buzzwords in the loyalty programme industry.