What is a Mobile Rewards App?
A mobile rewards app is a type of app that rewards its users for making purchases. The premise is that you get points or rewards for using your phone. It typically takes just a few minutes to sign up and start earning. You can then redeem your points to get cash for discounts, specials, and other promotions.
The Best Mobile Rewards Apps- Your Guide for Earning Free Cash
What is a Mobile Rewards App?
Mobile rewards apps are a relatively new type of app that lets you earn points, rewards, and other benefits from your favorite brands. Mobile rewards apps are similar to traditional loyalty programs in that they are driven by points. The difference is that they are accessed via a smartphone app. One of the major benefits of a mobile rewards app is that there are no annual or monthly fees to participate.
Customers love apps because they are easily accessible on their mobile devices. Contactless delivery, mobile ordering, and earning points are now much more streamlined and effective. Restaurant owners love mobile rewards apps because they are a great way to showcase a brand and increase revenue.
Owners can upsell promotional items and intrigue new users with potential giveaways. In short mobile rewards, apps are a sophisticated and modern marketing tool that benefits both restaurants and consumers. Read ahead for the top 5 mobile rewards apps and how customers can start earning points.
1. Coffee Bean and Tea Leaf
When customers input personal information and then download the app to their phones, they immediately receive a free drink. What a great way to make a first good impression! They also offer an incentive to get customers' friends to sign up. For every additional sign-up, the user earns more drinks and points. Just like other coffee-related apps, customers can also get a free drink on their birthday, along with rewards points for each purchase they make.
When customers receive 50 points, they arrive at the Platinum level. This allows users to earn pastries and drinks for each additional 40 points that they earn, which accumulates quickly. While this type of reward system may seem a bit complicated to new users, it's easy to catch on to. Customers enjoy all of the free perks, and Coffee Bean has seen increased profits as a result of higher customer spending and greater brand loyalty.
Must-Know Stats on Coffee Bean's Loyalty Program:
Earning rewards through your everyday spending doesn’t always happen.
You may be missing out on valuable rewards that you could be earning right now!
2. TGI Fridays
When customers first sign up for the loyalty program app, they immediately earn cash back for a free appetizer. With the average appetizer costing anywhere from 6-15 dollars, this is a pretty good deal. While customers can redeem this gift card through their email, the redemption offer does not show up through the mobile app.
There are other great incentives customers can earn through their purchases. With every dollar a customer spends, they earn a certain number of points. 50 points equal a free sandwich or dessert item.
With 80 points earned through the App Store, customers can earn a free burger. This has been a great way for TGI Fridays to increase customer retention in a time when the number of dine-in customers has decreased. The loyalty app is also an effective way to show customers they are appreciated, which helps to improve profit margins.
3. Jimmy John's
Known for its delicious sandwiches and subs, Jimmy John's offers a loyalty program app dubbed Freaky Fast Rewards. Customers can earn a free birthday sandwich, a free sandwich on National Sandwich Day, and other items throughout the year. They offer a lot of Personalized Customer deals that align with specific holidays, such as a free pickle on National Pickle Day and some chips during Cyber Monday.
This is a great way to spread brand and product awareness, which helps increase profit margins. Customers enjoy the special deals and ways to redeem points that coincide with specific holidays. Jimmy John's has increased their customer retention rate and revenue through the implementation of Freaky Fast Rewards.
4. Panera Bread
Panera Bread is not only known for its amazing bagels and soups, but its optimized loyalty program. Panera Rewards provides incentives to customers who spend money on each purchase. Customers have even earned enough rewards to receive a free coffee or bagel every single day of the month. After a certain number of visits, customers can earn gift cards for free meals and other menu items.
The Panera Rewards program is very user-friendly and intuitive. Customers can easily view their points, the policy terms, and potential rewards. As a result of implementing Panera Rewards, the company has seen an increased retention rate and higher profit margins. This Small Business also has a greater number of loyal customers than they did before implementation.
Must-Know Stats on Panera and Customer Loyalty:
You’re trying to earn rewards, but you don’t want to change your spending habits.
You don’t want to get stuck with a rewards program that doesn’t pay out.
When customers first sign up for Moe's rewards program, they receive coupons for free nachos if they purchase a drink. Customers can earn 10 points for each dollar that they spend. If you go in regularly, you can see how this quickly adds up. 1000 points will get customers a 10 dollar reward, which can be used towards any menu item.
One of the top benefits is their referral program. If customers share their referral code and a friend scans it with a purchase, the user receives 50 points. Customers can incentivize as many people as they want to sign up for the app; there is no cut off limit.
As you can probably guess, this has dramatically increased customer retention and profit margins. Furthermore, customers can use the app to gain a better understanding of new products and Moe's brand story. These are all great ways to increase brand loyalty and improve the customer experience.
Starbucks reward program is one of the most popular and profitable ones available. After Starbucks implemented their program, they saw a 60% increase in profit margins. Customers enjoy viewing all of their purchase history in one secure location. They can also quickly access points and scan the barcode when they dine-in.
As soon as customers earn ponts, they receive incentives such as free drinks, bakery items, and more. The program is tiered, which means that certain items require the customer to earn a specific number of points. Starbuck's app has been so popular that over 50% of their customers are now loyalty program members.