iSeatz Releases First “Credit Card Rewards Report,” Expanding “State of Loyalty” Research Series

0 0
Read Time:3 Minute, 0 Second


Our report is meant to assist card issuers see how their level redemption portfolio stacks up in opposition to their opponents and establish alternatives for additional engagement with their cardholders.

NEW ORLEANS (PRWEB)
February 08, 2022
iSeatz, the New Orleans primarily based loyalty options supplier, has introduced the discharge of their newest analysis report, State of Loyalty: 2022 Credit Card Rewards Report. The report is a benchmark of the purpose redemption alternatives supplied by main bank card reward packages and a worthwhile useful resource for loyalty executives to grasp the aggressive panorama.
This newest report is an growth of iSeatz’ “State of Loyalty” collection, which examines the loyalty-integrated product portfolios and engagement methods of main journey reward packages. Earlier studies within the collection centered on the ancillary merchandise of main hospitality manufacturers. The “Credit score Card Rewards Report” is the primary to cowl the monetary providers business, and the corporate hopes to make it a recurring, annual report that won’t solely benchmark redemption alternatives from main banks, however observe year-over-year modifications in these reward packages.
iSeatz Advertising and marketing Director, Erin Groh, notes that whereas there are a lot of sources that present comparisons of bank card level incomes alternatives, this report differs in its concentrate on level redemption and target market. “There are a number of firms that recurrently observe and evaluate level incomes gives from main bank cards. These are incredible sources for shoppers to assist them consider which card most closely fits their life-style and spending patterns. Our report is meant to assist card issuers see how their level redemption portfolio stacks up in opposition to their opponents and establish alternatives for additional engagement with their cardholders.”
The report particulars sixteen classes of reward merchandise, together with established journey extras corresponding to automotive rental and flights, in addition to life-style merchandise like meals supply and carbon offsets. It additionally discusses rising tendencies, together with Purchase Now, Pay Later and Cryptocurrency Rewards. Whereas life-style merchandise supplied well-liked level incomes alternatives through the pandemic, level redemption for these merchandise has but to see vast adoption amongst bank card loyalty packages, which iSeatz notes is a chance for program differentiation.
“We’re seeing bookings nicely above 2019 ranges in all the main home journey classes. Journey rewards are and can proceed to be in demand, however there are shifts in buyer conduct that shouldn’t go unaddressed,” mentioned iSeatz Founder and CEO, Kenneth Purcell. “How can reward packages meet these altering wants? Home leisure vacationers have been within the majority for the previous 2 years. So whereas a enterprise traveler could have used factors on upgrades and lounge entry previously, a trip rental and meals or grocery supply are what they’re in search of now. Way of life merchandise are an awesome complement to a journey reward portfolio to allow manufacturers to develop their buyer base and supply extra customized gives.”
About iSeatz

Based in 1999 and primarily based in New Orleans, iSeatz offers digital commerce and loyalty options that allow journey and life-style bookings. Our shoppers signify the perfect in journey, hospitality, and monetary providers, together with American Categorical, Expedia, Air Canada, IHG Motels & Resorts, and Wyndham Motels & Resorts. The iSeatz platform processes greater than $4B in transactions, 180B loyalty factors, and 4M vacationers yearly. Centered on customization and backed by confirmed deliverability, dependable superior analytics, and journey lifecycle experience, iSeatz units the bar for an excellent journey journey from the very first search.

Share article on social media or e-mail:



Source link

Happy
Happy
0 %
Sad
Sad
0 %
Excited
Excited
0 %
Sleepy
Sleepy
0 %
Angry
Angry
0 %
Surprise
Surprise
0 %

Average Rating

5 Star
0%
4 Star
0%
3 Star
0%
2 Star
0%
1 Star
0%