The Fatal Flaw in Business And Travel Loyalty Programs (And What To Do about It)

We all know as business travelers how great those reward and loyalty programs are.  After all, Business And Travel Loyalty Programs go hand and hand. These loyalty programs are great motivators. It can be something as simple as a Starbucks free coffee after so many purchases to the free nights at hotels and free airline tickets.

Wanna know the value of some of these loyalty programs? If so, no need to look any further:

 

Business-and-travel

Amazing isn’t ? Think about this.  As you know, the most rewarding programs go well beyond giving freebies by tying your loyalty to a particular status level such as maybe Silver, Gold or Platinum.

One of the best industries this is seen is in the airline industry. They not only offer advantages of great value, like free flights and free upgrades, they also provide major status incentives I mentioned like “platinum”, “gold and so on depending how many miles you rack up. Then, we as top-notch members conspicuously board planes  right in  front of the paying passengers.

I am sure you, like myself  add a lot of frequent flyer miles to your favorite airline of choice to move up the latter of your loyalty program, even if the flight or hotel is not as convenient. It just goes to show you how valuable these loyalty programs are to us.

But What About The Fatal Flaws of These Business And Travel Loyalty Plans?

 

Well unfortunately, there is a down side to most, if not all of these loyalty plans.

Obviously these programs reward the high frequency users whether it be coffee, hotels or airlines. But sometimes, people change their traveling habits. They find that Panera bread is offering a better deal than Starbucks or maybe a change in a particular travel schedule, or getting that promotion that requires less travel to even maybe losing a job.

Life happens, things change, and many times there is nothing we can do about it. However, keep in mind that there are several elements of human psychology that make status reductions tricky. First, we know that fear of loss is a bigger motivator than anticipation of increase. Losing your rewards will have an emotional impact even if you rarely used the benefits of being a higher status member. Secondly, people put a greater value on things they have. Thirdly, to the extent that the original increase in status makes you feel better about yourself, taking away or removing your status will more than likely have the opposite effect.

So when times are good and you are raking all those loyalty points up, just remember, it may not always be that good. If you want to be frugal for the not so good times, here are some some suggestions on getting the most value out of your frequent flyer miles program.

 

business-and-travel

 

Finally, while these are great tips to help maximize your business and travel reward miles, it doesn’t do you much good if your travel reward miles have expired. The following three websites will of of great value so that won’t happen again,  as they will track your balances in one convenient place and most importantly, you will notified if your points are going to expire.

1.AWARDWALLET.COM

2. TRIPIT.COM

3. USINGMILES.COM

In summary, your loyalty programs you are apart of provide you tremendous value, literally worth thousands of dollars. At the same time, and rightfully so, there is the dark side. The less you use these loyalty programs the less value you receive – And That Is The Fatal Flaw.

However, there is a solution. In fact, this solution can easily double and triple your current loyalty awards.

To learn about this solution click here.

To your increased rewards,

Steve Irish

P.S.  How get The Best Rates On Your Travels with This Simple Booking Engine, Guaranteed.

 

About Steve Irish

Steve Irish is a Traveling Salesman. READ MORE ABOUT STEVE'S STORY HERE. Feel Free To send me a message Here : === > steveirish@steve-irish.com

10 comments on “The Fatal Flaw in Business And Travel Loyalty Programs (And What To Do about It)

  1. I’ll immediately seize your rss feed as I can not to find your email subscription link or e-newsletter service.

    Do you have any? Please allow me recognize in order that I may subscribe.
    Thanks.

  2. Howdy! This post could not be written any better! Reading this post
    reminds me of my old room mate! He always kept talking about this.
    I will forward this article to him. Pretty sure he will have a good read.
    Many thanks for sharing!

  3. Thanks for your compliment. Yes, I will elaborate more in the future, however, not sure when. As you can see, I highly recommend a vacation membership over Timeshare ownership. The best way for you to get information on vacation memberships is to sign up for my weekly newsletter as my newsletter focuses on a topic and or information on my vacation membership that I belong to.

    You can sign up to my newsletter on my website at: http://www.steve-irish.com

    Thanks, Steve

  4. Yes Graciela I have a video. I send the video when travelers like yourself are added to my Newsletter. I have two different newsletters. One for business travelers/vacationers and one just for vacationers. Which one are you ?

    Thanks, Steve

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