SlideShare a Scribd company logo
The Road to Rewards1
The Road
to Rewards
Fuel Savings Rank #1
as Consumers’ Preferred
Incentive for Rewards
Programs
An Excentus consumer survey by Ipsos eNation,
July 2015
The Road to Rewards2
This new data proves why retailers should
offer rewards programs with incentives that
consumers want: a way to ease everyday
expenses on an everyday commodity, fuel.
U.S. retailers and merchants face numerous
options when deciding which incentives to offer
their customers. A serious lack of hard data around
which incentives and rewards programs consumers
prefer and which ones deliver the highest levels of
activity, greatest likelihood of increased sales and
deepest brand loyalty makes the decision even
more difficult. Should they offer cashback pro-
grams or retailer-specific points? Instant discounts
or coupons? A July 2015 nationwide survey of
1,016 U.S. consumers found that consumers prefer
rewards programs that enable them to save on the
cost of gasoline/fuel more than other incentives.
Why? Incentives to save on fuel enable them to
save money on a household necessity, freeing up
precious budget dollars to spend elsewhere. More
than two-thirds, in fact, indicated a willingness to
change brands, switch retailers or buy in-store
rather than online in order to save anywhere from
10 cents to $1 per gallon on gasoline.
Overview
The Road to Rewards3
The survey of 1,016 U.S. consumers was conducted July 10-13, 2015 by Ipsos eNation on behalf of Excentus Corp. The survey has a margin
of error of +/- 3.1 percentage points.
Activity levels are high with fuel-savings rewards
programs. When asked to rate programs in which
they are most actively earning rewards, fuel savings
rank #1 at 29% -- higher than credit card cash-back
programs and rewards, instant discounts, mer-
chant-specific rewards, coupons, airline and hotel
miles/points.
And when they say “active,” they mean active: 46%
of consumers say they earn, buy, redeem or check
rewards daily or weekly.
U.S. consumers have ranked fuel savings as their
preferred type of rewards program and list it as the
incentive with which they earn and redeem most
actively. These findings emerged in a recent survey
of more than 1,000 consumers about rewards-
based incentives, including insights into why
consumers join rewards programs, how frequently/
actively they use rewards incentives, and how they
incorporate rewards programs into their daily bud-
gets, brand/retailer choices and shopping patterns.
More than half of Americans (54%) belong to a pro-
gram that enables them to earn incentives they can
redeem on the cost of gasoline/fuel.
Fuel savings, in fact, emerged as #1 of all incentives
among today’s most common rewards program
benefits.
For membership and consumer activity
Fuel savings rank #1...
As consumers’ preferred incentive for rewards
Fuel savings
rewards
Fuel savings
rewards
Cash back
on credit card
Cash back
on credit card
Retailer/brand
coupons
Retailer/brand
coupons
Credit card
rewards
Credit card
rewards
Cash-register
instant discounts
Cash-register
instant discounts
Airline
miles
Airline
miles
Restaurant/grocer
rewards
Restaurant/grocer
rewards
Members-only
rewards
Hotel
points
Hotel
points
Retailer-specific
rewards
Retailer-specific
rewards
37%
32%
25%
24%
24%
22%
17%
16%
16%
14%
0%
0%
10%
20%
30%
40%
30%
20%
10%
29%
24%
17%
16%
15%
13%
10%
10%
6%
The Road to Rewards4
Rewards program popularity is driven by the ability
to save, earn and redeem on everyday purchases
The most common merchants
from whom consumers earn
fuel-savings rewards encompass
retailers that are part of daily
shopping routines:
Grocery
stores
Retail
stores
Credit
Cards
Restaurant
or dining
68%
22%
16%
7%
I like saving money any way I can
I can earn rewards/points on everyday purchases
Money saved eases the strain in my household budget
I was offered an incentive to join
It’s my way of supporting my favorite brand
Other
Gasoline is a universal commodity
and an unavoidable line item in
most consumers’ budgets. What
drives consumers to join fuel-
savings programs?
46%
Say the fuel incentive is offered as part of an
existing loyalty program
40%
Join to save money
37%
Join because they can earn rewards where they
already shop
19%
Join to save on the costs of driving
15%
Join because the incentive is linked to a credit card
The Road to Rewards5
Fuel savings influence millennials’ mobile behaviors and consumers’
brand and shopping preferences. The Midwest embraces fuel savings
slightly more than the West, South & Northeast regions.
Future updates from the Excentus-Ipsos survey will
explore additional insights into the popularity of
fuel-savings rewards programs, including regional
Millennials (ages 18-34) are
more than twice as likely as
other age groups to prefer
to track their rewards from a
mobile app (33% Millennials;
16% ages 34-54; 3% ages 55+)
Key Insights
Midwestern consumers (57%)
are more likely than those in
other U.S. regions to belong to
a fuel-savings rewards program,
compared with 56% West, 52%
South and 50% Northeast
Based on consumers’ responses and behaviors, retailers now have clearer data
and insight into the incentives that shoppers enjoy most in rewards and loyalty
programs. Whether stand-alone or combined with other rewards programs, the
ability to save money on gasoline/fuel is a popular, frequently used and sought-
after incentive. Today’s consumers enjoy the value and budget-friendly impact
of fuel savings, and the regularity and frequency with which they can enjoy and
redeem the rewards they earn. Retailers and merchants can take advantage of
these new findings as they create and enhance rewards programs, especially if they
are interested in more customers, more sales, more program activity and deeper
customer satisfaction and loyalty.
Conclusion
Fuel savings can influence
shopping behaviors and brand
preferences, based on 19% of
consumers who would choose
a different brand to earn 25-50
cents-per-gallon on fuel, 17%-
20% who would switch retailers
to earn 25 cents to $1 per-gallon
on fuel, and 20% who would pur-
chase in-store rather than online
to earn 25-50 cents-per-gallon
on fuel.
and demographic differences, and their impact on
shoppers’ preferences and behaviors. A few high-
lights include:
The Road to Rewards6
Media and Analyst Inquiries
Additional information and data from this survey
is available to analysts and media professionals
who cover customer loyalty, rewards programs,
consumer behaviors, the retail sector and other
Upcoming reports from our business intelligence unit include:
•	 Spotlight on Millennials: What drives behavior around retailer
incentives and rewards programs.
•	 American Shopper Insights: A closer look, based on demographics
and region, at consumer preferences around retailer incentives
and rewards.
related topics of interest. For upcoming reports,
research, articles or editorial calendars, please
contact Vanessa Horwell, vhorwell@thinkinkpr.com
or call +1-305-759-5342 ext. 232.
Excentus creates proprietary software that helps
numerous loyalty and marketing programs drive
down the cost of everyday commodities like gas-
oline. With direct-to-consumer programs like the
Fuel Rewards®
program and fuelperks!, or through
companies utilizing its Centego products and ser-
vices, Excentus has helped consumers save more
than $500 million at the pump since 2012.
http://www.excentus.com/
Ipsos is the world’s third largest survey research
firm with offices in 56 countries. In North America,
Ipsos consists of 1,500 research professionals
across 30 locations in the U.S. and Canada. Both
the Ipsos survey invitation list and the returned
data are weighted to reflect the demographic com-
position of the U.S. adult population.
http://www.ipsos-na.com/

More Related Content

What's hot

5 Opportunities in the Nutritional Supplements Industry
5 Opportunities in the Nutritional Supplements Industry5 Opportunities in the Nutritional Supplements Industry
5 Opportunities in the Nutritional Supplements Industry
L.E.K. Consulting
 
Consumer Behavior & Online Marketing
Consumer Behavior & Online MarketingConsumer Behavior & Online Marketing
Consumer Behavior & Online Marketing
Sorawit Yuenyongvithayakul
 
Breaking Your Brand's Flyer Fixation
Breaking Your Brand's Flyer FixationBreaking Your Brand's Flyer Fixation
Breaking Your Brand's Flyer Fixation
Cult Collective
 
The Social Consumer Study
The Social Consumer StudyThe Social Consumer Study
The Social Consumer Study
Don Bulmer
 
Four Critical Insights For Connecting with Today's Shopper
Four Critical Insights For Connecting with Today's ShopperFour Critical Insights For Connecting with Today's Shopper
Four Critical Insights For Connecting with Today's Shopper
Vivastream
 
UK FMCG Consumers' Perspectives on Brand Content | New Research from Me.jpmh
UK FMCG Consumers' Perspectives on Brand Content | New Research from Me.jpmhUK FMCG Consumers' Perspectives on Brand Content | New Research from Me.jpmh
UK FMCG Consumers' Perspectives on Brand Content | New Research from Me.jpmh
Me.jpmh
 
Sports Outlook
Sports OutlookSports Outlook
Sports Outlook
PlanetM.us Company
 
The Consumer Generated Funnel
The Consumer Generated FunnelThe Consumer Generated Funnel
The Consumer Generated Funnel
Kuliza Technologies
 
The Value Of Coupons
The Value Of CouponsThe Value Of Coupons
The Value Of Coupons
Rinsel
 
American licorice cs
American licorice csAmerican licorice cs
American licorice cs
Christopher Wong
 
2017 ASC Consumer Research
2017 ASC Consumer Research2017 ASC Consumer Research
2017 ASC Consumer Research
The Gandalf Group
 
Forklyft Final Presentation Deck
Forklyft Final Presentation DeckForklyft Final Presentation Deck
Forklyft Final Presentation Deck
Michelle Williamson, MS
 
Menu Trends Spring/summer 2018
Menu Trends Spring/summer 2018Menu Trends Spring/summer 2018
Menu Trends Spring/summer 2018
AHDBStrategicInsight
 
I42 strong brands, profitable brands
I42 strong brands, profitable brandsI42 strong brands, profitable brands
I42 strong brands, profitable brands
Corporate Excellence - Centre for Reputation Leadership
 
Emergence of Mobile Search
Emergence of Mobile SearchEmergence of Mobile Search
Emergence of Mobile Search
Ramon Cartwright
 
Booz GMA Shopper Marketing Overview
Booz GMA Shopper Marketing OverviewBooz GMA Shopper Marketing Overview
Booz GMA Shopper Marketing Overview
Neil Kimberley
 
Baynote 4th Annual Holiday Survey Results
Baynote 4th Annual Holiday Survey ResultsBaynote 4th Annual Holiday Survey Results
Baynote 4th Annual Holiday Survey Results
Baynote
 
Software Advice IndustryView: Encouraging Millennial Participation in Hotel L...
Software Advice IndustryView: Encouraging Millennial Participation in Hotel L...Software Advice IndustryView: Encouraging Millennial Participation in Hotel L...
Software Advice IndustryView: Encouraging Millennial Participation in Hotel L...
Software Advice
 

What's hot (18)

5 Opportunities in the Nutritional Supplements Industry
5 Opportunities in the Nutritional Supplements Industry5 Opportunities in the Nutritional Supplements Industry
5 Opportunities in the Nutritional Supplements Industry
 
Consumer Behavior & Online Marketing
Consumer Behavior & Online MarketingConsumer Behavior & Online Marketing
Consumer Behavior & Online Marketing
 
Breaking Your Brand's Flyer Fixation
Breaking Your Brand's Flyer FixationBreaking Your Brand's Flyer Fixation
Breaking Your Brand's Flyer Fixation
 
The Social Consumer Study
The Social Consumer StudyThe Social Consumer Study
The Social Consumer Study
 
Four Critical Insights For Connecting with Today's Shopper
Four Critical Insights For Connecting with Today's ShopperFour Critical Insights For Connecting with Today's Shopper
Four Critical Insights For Connecting with Today's Shopper
 
UK FMCG Consumers' Perspectives on Brand Content | New Research from Me.jpmh
UK FMCG Consumers' Perspectives on Brand Content | New Research from Me.jpmhUK FMCG Consumers' Perspectives on Brand Content | New Research from Me.jpmh
UK FMCG Consumers' Perspectives on Brand Content | New Research from Me.jpmh
 
Sports Outlook
Sports OutlookSports Outlook
Sports Outlook
 
The Consumer Generated Funnel
The Consumer Generated FunnelThe Consumer Generated Funnel
The Consumer Generated Funnel
 
The Value Of Coupons
The Value Of CouponsThe Value Of Coupons
The Value Of Coupons
 
American licorice cs
American licorice csAmerican licorice cs
American licorice cs
 
2017 ASC Consumer Research
2017 ASC Consumer Research2017 ASC Consumer Research
2017 ASC Consumer Research
 
Forklyft Final Presentation Deck
Forklyft Final Presentation DeckForklyft Final Presentation Deck
Forklyft Final Presentation Deck
 
Menu Trends Spring/summer 2018
Menu Trends Spring/summer 2018Menu Trends Spring/summer 2018
Menu Trends Spring/summer 2018
 
I42 strong brands, profitable brands
I42 strong brands, profitable brandsI42 strong brands, profitable brands
I42 strong brands, profitable brands
 
Emergence of Mobile Search
Emergence of Mobile SearchEmergence of Mobile Search
Emergence of Mobile Search
 
Booz GMA Shopper Marketing Overview
Booz GMA Shopper Marketing OverviewBooz GMA Shopper Marketing Overview
Booz GMA Shopper Marketing Overview
 
Baynote 4th Annual Holiday Survey Results
Baynote 4th Annual Holiday Survey ResultsBaynote 4th Annual Holiday Survey Results
Baynote 4th Annual Holiday Survey Results
 
Software Advice IndustryView: Encouraging Millennial Participation in Hotel L...
Software Advice IndustryView: Encouraging Millennial Participation in Hotel L...Software Advice IndustryView: Encouraging Millennial Participation in Hotel L...
Software Advice IndustryView: Encouraging Millennial Participation in Hotel L...
 

Viewers also liked

Review: The Arcane #1
Review: The Arcane #1Review: The Arcane #1
Review: The Arcane #1
Titanium Comics
 
Tasarimsorular
TasarimsorularTasarimsorular
Tasarimsorular
Afram afram
 
Ramesh Mannam_ SAP BO
Ramesh Mannam_ SAP BORamesh Mannam_ SAP BO
Ramesh Mannam_ SAP BO
Ramesh Mannam
 
кпд
кпдкпд
Esquina, libre, mitad
Esquina, libre, mitadEsquina, libre, mitad
Esquina, libre, mitad
Andres Collazos
 
Imst Composites 23 Jul09 Final
Imst Composites 23 Jul09 FinalImst Composites 23 Jul09 Final
Imst Composites 23 Jul09 Final
JosephHeil
 
Dyefix CF--Chlorine Fastness Improver For dyed Cellulosic Fabrics
Dyefix CF--Chlorine Fastness Improver For dyed Cellulosic FabricsDyefix CF--Chlorine Fastness Improver For dyed Cellulosic Fabrics
Dyefix CF--Chlorine Fastness Improver For dyed Cellulosic Fabrics
Ketan Gandhi
 
Presentation: How to make a robot that moves differerntly depending on how cl...
Presentation: How to make a robot that moves differerntly depending on how cl...Presentation: How to make a robot that moves differerntly depending on how cl...
Presentation: How to make a robot that moves differerntly depending on how cl...
Neil Winterburn
 
Abrasion and polishing agents (2)
Abrasion and polishing agents (2)Abrasion and polishing agents (2)
Abrasion and polishing agents (2)
Indian dental academy
 
Urbanization & New York City
Urbanization & New York CityUrbanization & New York City
Urbanization & New York City
Tricia Fonseca
 
Best_Team
Best_TeamBest_Team
Big History - History 140
Big History - History 140Big History - History 140
Big History - History 140
Palomar College
 
ตำรวจว่าอย่างหนึ่ง ป.ป.ท.ว่าอย่างหนึ่ง
ตำรวจว่าอย่างหนึ่ง ป.ป.ท.ว่าอย่างหนึ่งตำรวจว่าอย่างหนึ่ง ป.ป.ท.ว่าอย่างหนึ่ง
ตำรวจว่าอย่างหนึ่ง ป.ป.ท.ว่าอย่างหนึ่ง
Ying Kanya
 
Drug interactions in clinical dentistry
Drug interactions in clinical dentistryDrug interactions in clinical dentistry
Drug interactions in clinical dentistry
Lubna Abu Alrub,DDS
 
finishing and polishing materials in dentistry /orthodontic courses by Indian...
finishing and polishing materials in dentistry /orthodontic courses by Indian...finishing and polishing materials in dentistry /orthodontic courses by Indian...
finishing and polishing materials in dentistry /orthodontic courses by Indian...
Indian dental academy
 

Viewers also liked (15)

Review: The Arcane #1
Review: The Arcane #1Review: The Arcane #1
Review: The Arcane #1
 
Tasarimsorular
TasarimsorularTasarimsorular
Tasarimsorular
 
Ramesh Mannam_ SAP BO
Ramesh Mannam_ SAP BORamesh Mannam_ SAP BO
Ramesh Mannam_ SAP BO
 
кпд
кпдкпд
кпд
 
Esquina, libre, mitad
Esquina, libre, mitadEsquina, libre, mitad
Esquina, libre, mitad
 
Imst Composites 23 Jul09 Final
Imst Composites 23 Jul09 FinalImst Composites 23 Jul09 Final
Imst Composites 23 Jul09 Final
 
Dyefix CF--Chlorine Fastness Improver For dyed Cellulosic Fabrics
Dyefix CF--Chlorine Fastness Improver For dyed Cellulosic FabricsDyefix CF--Chlorine Fastness Improver For dyed Cellulosic Fabrics
Dyefix CF--Chlorine Fastness Improver For dyed Cellulosic Fabrics
 
Presentation: How to make a robot that moves differerntly depending on how cl...
Presentation: How to make a robot that moves differerntly depending on how cl...Presentation: How to make a robot that moves differerntly depending on how cl...
Presentation: How to make a robot that moves differerntly depending on how cl...
 
Abrasion and polishing agents (2)
Abrasion and polishing agents (2)Abrasion and polishing agents (2)
Abrasion and polishing agents (2)
 
Urbanization & New York City
Urbanization & New York CityUrbanization & New York City
Urbanization & New York City
 
Best_Team
Best_TeamBest_Team
Best_Team
 
Big History - History 140
Big History - History 140Big History - History 140
Big History - History 140
 
ตำรวจว่าอย่างหนึ่ง ป.ป.ท.ว่าอย่างหนึ่ง
ตำรวจว่าอย่างหนึ่ง ป.ป.ท.ว่าอย่างหนึ่งตำรวจว่าอย่างหนึ่ง ป.ป.ท.ว่าอย่างหนึ่ง
ตำรวจว่าอย่างหนึ่ง ป.ป.ท.ว่าอย่างหนึ่ง
 
Drug interactions in clinical dentistry
Drug interactions in clinical dentistryDrug interactions in clinical dentistry
Drug interactions in clinical dentistry
 
finishing and polishing materials in dentistry /orthodontic courses by Indian...
finishing and polishing materials in dentistry /orthodontic courses by Indian...finishing and polishing materials in dentistry /orthodontic courses by Indian...
finishing and polishing materials in dentistry /orthodontic courses by Indian...
 

Similar to TheRoadtoRewards

Road to Rewards - American Shopper Insights
Road to Rewards - American Shopper InsightsRoad to Rewards - American Shopper Insights
Road to Rewards - American Shopper Insights
Lee Harmon, PMP, CSM
 
Ikano White Paper - The Future of Loyalty
Ikano White Paper - The Future of LoyaltyIkano White Paper - The Future of Loyalty
Ikano White Paper - The Future of Loyalty
Laura Scully
 
Marketing Loyalty Report
Marketing Loyalty ReportMarketing Loyalty Report
Marketing Loyalty Report
Scott Valentine, MBA, CSPO
 
Consumer Preferences for Retail Promotions - Cognizant Research Findings
Consumer Preferences for Retail Promotions - Cognizant Research FindingsConsumer Preferences for Retail Promotions - Cognizant Research Findings
Consumer Preferences for Retail Promotions - Cognizant Research Findings
Cognizant
 
CoalitionLoyalty_ARoadmapforSuccessintheUS
CoalitionLoyalty_ARoadmapforSuccessintheUSCoalitionLoyalty_ARoadmapforSuccessintheUS
CoalitionLoyalty_ARoadmapforSuccessintheUS
Lee Harmon, PMP, CSM
 
AgilOne-Consumer-Survey-Report (1)
AgilOne-Consumer-Survey-Report (1)AgilOne-Consumer-Survey-Report (1)
AgilOne-Consumer-Survey-Report (1)
Alexandra Legend Siegel
 
Fixing the Cracks: Reinventing Loyalty Programs for the Digital Age
Fixing the Cracks: Reinventing Loyalty Programs for the Digital AgeFixing the Cracks: Reinventing Loyalty Programs for the Digital Age
Fixing the Cracks: Reinventing Loyalty Programs for the Digital Age
Capgemini
 
Mobile Loyalty Programs
Mobile Loyalty ProgramsMobile Loyalty Programs
Mobile Loyalty Programs
Adam Lorts
 
Innovation: Earning More Rewards on Every Purchase
Innovation: Earning More Rewards on Every PurchaseInnovation: Earning More Rewards on Every Purchase
Innovation: Earning More Rewards on Every Purchase
Alexander Cohen
 
PwC Canada Total Retail 2016
PwC Canada Total Retail 2016PwC Canada Total Retail 2016
PwC Canada Total Retail 2016
Irena Cerovina, MBA
 
The Consumer Rewards Review - 2016
The Consumer Rewards Review - 2016The Consumer Rewards Review - 2016
The Consumer Rewards Review - 2016
Sam Wheway
 
Progressive Grocer February 2015 - Grocery Loyalty Article
Progressive Grocer February 2015 - Grocery Loyalty ArticleProgressive Grocer February 2015 - Grocery Loyalty Article
Progressive Grocer February 2015 - Grocery Loyalty Article
Graeme McVie
 
Chapter 16 Consumer Buying Decision
Chapter 16  Consumer Buying DecisionChapter 16  Consumer Buying Decision
Chapter 16 Consumer Buying Decision
Avinash Kumar
 
Looking ahead-The business case for Loyalty
Looking ahead-The business case for LoyaltyLooking ahead-The business case for Loyalty
Looking ahead-The business case for Loyalty
Kaushik Basu
 
Looking ahead-The business case for Loyalty
Looking ahead-The business case for LoyaltyLooking ahead-The business case for Loyalty
Looking ahead-The business case for Loyalty
Kaushik Basu
 
A Consumer's Path To Savings: The Role Of Flyers In Today's Digital World
A Consumer's Path To Savings: The Role Of Flyers In Today's Digital WorldA Consumer's Path To Savings: The Role Of Flyers In Today's Digital World
A Consumer's Path To Savings: The Role Of Flyers In Today's Digital World
Adam Bellisario
 
Digitizing Retail Payments: Building a Successful Loyalty Model
Digitizing Retail Payments: Building a Successful Loyalty ModelDigitizing Retail Payments: Building a Successful Loyalty Model
Digitizing Retail Payments: Building a Successful Loyalty Model
CGAP
 
ACA Year 3: Evolving Consumer Shopping Attitudes & Behaviors
ACA Year 3: Evolving Consumer Shopping Attitudes & BehaviorsACA Year 3: Evolving Consumer Shopping Attitudes & Behaviors
ACA Year 3: Evolving Consumer Shopping Attitudes & Behaviors
Media Logic
 
Wiikano Orchards | Marketing Plan
Wiikano Orchards | Marketing Plan  Wiikano Orchards | Marketing Plan
Wiikano Orchards | Marketing Plan
Anahit Babayan
 
CoalitionLoyaly-BasedCard-LinkedOffers
CoalitionLoyaly-BasedCard-LinkedOffersCoalitionLoyaly-BasedCard-LinkedOffers
CoalitionLoyaly-BasedCard-LinkedOffers
Lee Harmon, PMP, CSM
 

Similar to TheRoadtoRewards (20)

Road to Rewards - American Shopper Insights
Road to Rewards - American Shopper InsightsRoad to Rewards - American Shopper Insights
Road to Rewards - American Shopper Insights
 
Ikano White Paper - The Future of Loyalty
Ikano White Paper - The Future of LoyaltyIkano White Paper - The Future of Loyalty
Ikano White Paper - The Future of Loyalty
 
Marketing Loyalty Report
Marketing Loyalty ReportMarketing Loyalty Report
Marketing Loyalty Report
 
Consumer Preferences for Retail Promotions - Cognizant Research Findings
Consumer Preferences for Retail Promotions - Cognizant Research FindingsConsumer Preferences for Retail Promotions - Cognizant Research Findings
Consumer Preferences for Retail Promotions - Cognizant Research Findings
 
CoalitionLoyalty_ARoadmapforSuccessintheUS
CoalitionLoyalty_ARoadmapforSuccessintheUSCoalitionLoyalty_ARoadmapforSuccessintheUS
CoalitionLoyalty_ARoadmapforSuccessintheUS
 
AgilOne-Consumer-Survey-Report (1)
AgilOne-Consumer-Survey-Report (1)AgilOne-Consumer-Survey-Report (1)
AgilOne-Consumer-Survey-Report (1)
 
Fixing the Cracks: Reinventing Loyalty Programs for the Digital Age
Fixing the Cracks: Reinventing Loyalty Programs for the Digital AgeFixing the Cracks: Reinventing Loyalty Programs for the Digital Age
Fixing the Cracks: Reinventing Loyalty Programs for the Digital Age
 
Mobile Loyalty Programs
Mobile Loyalty ProgramsMobile Loyalty Programs
Mobile Loyalty Programs
 
Innovation: Earning More Rewards on Every Purchase
Innovation: Earning More Rewards on Every PurchaseInnovation: Earning More Rewards on Every Purchase
Innovation: Earning More Rewards on Every Purchase
 
PwC Canada Total Retail 2016
PwC Canada Total Retail 2016PwC Canada Total Retail 2016
PwC Canada Total Retail 2016
 
The Consumer Rewards Review - 2016
The Consumer Rewards Review - 2016The Consumer Rewards Review - 2016
The Consumer Rewards Review - 2016
 
Progressive Grocer February 2015 - Grocery Loyalty Article
Progressive Grocer February 2015 - Grocery Loyalty ArticleProgressive Grocer February 2015 - Grocery Loyalty Article
Progressive Grocer February 2015 - Grocery Loyalty Article
 
Chapter 16 Consumer Buying Decision
Chapter 16  Consumer Buying DecisionChapter 16  Consumer Buying Decision
Chapter 16 Consumer Buying Decision
 
Looking ahead-The business case for Loyalty
Looking ahead-The business case for LoyaltyLooking ahead-The business case for Loyalty
Looking ahead-The business case for Loyalty
 
Looking ahead-The business case for Loyalty
Looking ahead-The business case for LoyaltyLooking ahead-The business case for Loyalty
Looking ahead-The business case for Loyalty
 
A Consumer's Path To Savings: The Role Of Flyers In Today's Digital World
A Consumer's Path To Savings: The Role Of Flyers In Today's Digital WorldA Consumer's Path To Savings: The Role Of Flyers In Today's Digital World
A Consumer's Path To Savings: The Role Of Flyers In Today's Digital World
 
Digitizing Retail Payments: Building a Successful Loyalty Model
Digitizing Retail Payments: Building a Successful Loyalty ModelDigitizing Retail Payments: Building a Successful Loyalty Model
Digitizing Retail Payments: Building a Successful Loyalty Model
 
ACA Year 3: Evolving Consumer Shopping Attitudes & Behaviors
ACA Year 3: Evolving Consumer Shopping Attitudes & BehaviorsACA Year 3: Evolving Consumer Shopping Attitudes & Behaviors
ACA Year 3: Evolving Consumer Shopping Attitudes & Behaviors
 
Wiikano Orchards | Marketing Plan
Wiikano Orchards | Marketing Plan  Wiikano Orchards | Marketing Plan
Wiikano Orchards | Marketing Plan
 
CoalitionLoyaly-BasedCard-LinkedOffers
CoalitionLoyaly-BasedCard-LinkedOffersCoalitionLoyaly-BasedCard-LinkedOffers
CoalitionLoyaly-BasedCard-LinkedOffers
 

TheRoadtoRewards

  • 1. The Road to Rewards1 The Road to Rewards Fuel Savings Rank #1 as Consumers’ Preferred Incentive for Rewards Programs An Excentus consumer survey by Ipsos eNation, July 2015
  • 2. The Road to Rewards2 This new data proves why retailers should offer rewards programs with incentives that consumers want: a way to ease everyday expenses on an everyday commodity, fuel. U.S. retailers and merchants face numerous options when deciding which incentives to offer their customers. A serious lack of hard data around which incentives and rewards programs consumers prefer and which ones deliver the highest levels of activity, greatest likelihood of increased sales and deepest brand loyalty makes the decision even more difficult. Should they offer cashback pro- grams or retailer-specific points? Instant discounts or coupons? A July 2015 nationwide survey of 1,016 U.S. consumers found that consumers prefer rewards programs that enable them to save on the cost of gasoline/fuel more than other incentives. Why? Incentives to save on fuel enable them to save money on a household necessity, freeing up precious budget dollars to spend elsewhere. More than two-thirds, in fact, indicated a willingness to change brands, switch retailers or buy in-store rather than online in order to save anywhere from 10 cents to $1 per gallon on gasoline. Overview
  • 3. The Road to Rewards3 The survey of 1,016 U.S. consumers was conducted July 10-13, 2015 by Ipsos eNation on behalf of Excentus Corp. The survey has a margin of error of +/- 3.1 percentage points. Activity levels are high with fuel-savings rewards programs. When asked to rate programs in which they are most actively earning rewards, fuel savings rank #1 at 29% -- higher than credit card cash-back programs and rewards, instant discounts, mer- chant-specific rewards, coupons, airline and hotel miles/points. And when they say “active,” they mean active: 46% of consumers say they earn, buy, redeem or check rewards daily or weekly. U.S. consumers have ranked fuel savings as their preferred type of rewards program and list it as the incentive with which they earn and redeem most actively. These findings emerged in a recent survey of more than 1,000 consumers about rewards- based incentives, including insights into why consumers join rewards programs, how frequently/ actively they use rewards incentives, and how they incorporate rewards programs into their daily bud- gets, brand/retailer choices and shopping patterns. More than half of Americans (54%) belong to a pro- gram that enables them to earn incentives they can redeem on the cost of gasoline/fuel. Fuel savings, in fact, emerged as #1 of all incentives among today’s most common rewards program benefits. For membership and consumer activity Fuel savings rank #1... As consumers’ preferred incentive for rewards Fuel savings rewards Fuel savings rewards Cash back on credit card Cash back on credit card Retailer/brand coupons Retailer/brand coupons Credit card rewards Credit card rewards Cash-register instant discounts Cash-register instant discounts Airline miles Airline miles Restaurant/grocer rewards Restaurant/grocer rewards Members-only rewards Hotel points Hotel points Retailer-specific rewards Retailer-specific rewards 37% 32% 25% 24% 24% 22% 17% 16% 16% 14% 0% 0% 10% 20% 30% 40% 30% 20% 10% 29% 24% 17% 16% 15% 13% 10% 10% 6%
  • 4. The Road to Rewards4 Rewards program popularity is driven by the ability to save, earn and redeem on everyday purchases The most common merchants from whom consumers earn fuel-savings rewards encompass retailers that are part of daily shopping routines: Grocery stores Retail stores Credit Cards Restaurant or dining 68% 22% 16% 7% I like saving money any way I can I can earn rewards/points on everyday purchases Money saved eases the strain in my household budget I was offered an incentive to join It’s my way of supporting my favorite brand Other Gasoline is a universal commodity and an unavoidable line item in most consumers’ budgets. What drives consumers to join fuel- savings programs? 46% Say the fuel incentive is offered as part of an existing loyalty program 40% Join to save money 37% Join because they can earn rewards where they already shop 19% Join to save on the costs of driving 15% Join because the incentive is linked to a credit card
  • 5. The Road to Rewards5 Fuel savings influence millennials’ mobile behaviors and consumers’ brand and shopping preferences. The Midwest embraces fuel savings slightly more than the West, South & Northeast regions. Future updates from the Excentus-Ipsos survey will explore additional insights into the popularity of fuel-savings rewards programs, including regional Millennials (ages 18-34) are more than twice as likely as other age groups to prefer to track their rewards from a mobile app (33% Millennials; 16% ages 34-54; 3% ages 55+) Key Insights Midwestern consumers (57%) are more likely than those in other U.S. regions to belong to a fuel-savings rewards program, compared with 56% West, 52% South and 50% Northeast Based on consumers’ responses and behaviors, retailers now have clearer data and insight into the incentives that shoppers enjoy most in rewards and loyalty programs. Whether stand-alone or combined with other rewards programs, the ability to save money on gasoline/fuel is a popular, frequently used and sought- after incentive. Today’s consumers enjoy the value and budget-friendly impact of fuel savings, and the regularity and frequency with which they can enjoy and redeem the rewards they earn. Retailers and merchants can take advantage of these new findings as they create and enhance rewards programs, especially if they are interested in more customers, more sales, more program activity and deeper customer satisfaction and loyalty. Conclusion Fuel savings can influence shopping behaviors and brand preferences, based on 19% of consumers who would choose a different brand to earn 25-50 cents-per-gallon on fuel, 17%- 20% who would switch retailers to earn 25 cents to $1 per-gallon on fuel, and 20% who would pur- chase in-store rather than online to earn 25-50 cents-per-gallon on fuel. and demographic differences, and their impact on shoppers’ preferences and behaviors. A few high- lights include:
  • 6. The Road to Rewards6 Media and Analyst Inquiries Additional information and data from this survey is available to analysts and media professionals who cover customer loyalty, rewards programs, consumer behaviors, the retail sector and other Upcoming reports from our business intelligence unit include: • Spotlight on Millennials: What drives behavior around retailer incentives and rewards programs. • American Shopper Insights: A closer look, based on demographics and region, at consumer preferences around retailer incentives and rewards. related topics of interest. For upcoming reports, research, articles or editorial calendars, please contact Vanessa Horwell, vhorwell@thinkinkpr.com or call +1-305-759-5342 ext. 232. Excentus creates proprietary software that helps numerous loyalty and marketing programs drive down the cost of everyday commodities like gas- oline. With direct-to-consumer programs like the Fuel Rewards® program and fuelperks!, or through companies utilizing its Centego products and ser- vices, Excentus has helped consumers save more than $500 million at the pump since 2012. http://www.excentus.com/ Ipsos is the world’s third largest survey research firm with offices in 56 countries. In North America, Ipsos consists of 1,500 research professionals across 30 locations in the U.S. and Canada. Both the Ipsos survey invitation list and the returned data are weighted to reflect the demographic com- position of the U.S. adult population. http://www.ipsos-na.com/