It’s unusual for shoppers to solely have one fee possibility these days. Whereas most popular fee choices exist, many have a number of credit score or debit playing cards with current factors on them that they’re unaware of. Trying to make sure shoppers are making probably the most cost-efficient purchases with the playing cards, and in flip rewards, obtainable to them, Redeem, has launched out of beta.
Whether or not planning a keep on the Marriott or making a purchase order at Nike, Redeem steps in to information customers on maximising their bank card advantages by analysing which card is greatest for each buy. It goals to instil confidence in shoppers, making certain they redeem obtainable rewards properly or save them for extra beneficial redemption charges.
Current research reveal that the typical shopper possesses over 4 bank cards, collectively accumulating a staggering 48 trillion factors globally, equating to roughly $360billion in worth. Astonishingly, 30 per cent of those factors, representing over $100billion, stay unredeemed because of the complicated nature of reward techniques. Shoppers are sometimes left bewildered, not sure of when and find out how to redeem their advantages. Consequently, many miss alternatives and depart worth unclaimed.
“The thought for Redeem originated after I created a spreadsheet to handle my very own bank card rewards. I realised there needed to be a extra intuitive and environment friendly approach for everybody to unlock the total potential of their bank cards, and thus, Redeem was born,” says co-founder and CEO Charles Parietti.
Key options
- Actual-time evaluation of a number of fee strategies (bank cards, memberships, and so on.) on the level of buy.
- Notification of obtainable presents/advantages/rewards in real-time on a per-card foundation.
- Auto Choose-In to presents.
- Notification of which card is greatest to make use of based mostly on every customers personal preferences.
- Insights on when to redeem loyalty factors.
- Straightforward to put in Chrome Extension.
“In a world the place shoppers are inundated with bank cards, every boasting its personal set of factors, cash-back techniques, and a myriad of rewards, it could actually depart individuals confused and lacking out, says Gregg Jackowitz, co-founder and COO.
Model 2 of Redeem goals so as to add redemption charges for level loyal applications, notify customers of obtainable presents, and even auto-applies factors, coupons, or cash-back presents at checkout.
