A welcome bonus is a way of thanking your new customer for using your credit card and offering to reward him/her with additional benefits should he/she continue to use your card. In most cases the welcome bonus is given when a person first applies for a credit card and has a credit limit in mind.
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Most credit cards offer a welcome freebie, meaning new cardholders get additional rewards, like extra miles, cash back or points, if they use their card every time. Some welcome freebies include cash back for every dollar charged on an airline ticket, travel reward points for every flight used and more.
It’s a good idea to give your customers a good idea of what kind of rewards they can expect. By offering them freebies you will be able to increase their loyalty and interest in doing business with you. You also have a way to encourage repeat business from your existing customers.
One of the best ways to keep your card in the customers mind is to offer a money back guarantee on any purchases made from your card. This way the cardholder doesn’t have to go through the hassle of redeeming the bonus. The cardholder still gets to use the card, but the money back guarantee ensures that the cardholder will be satisfied with the service provided from your company. This guarantee helps to make the cardholder feel secured and is always worth the money.
Another way to keep your credit card in the customer’s mind is to offer frequent flyer programs that offer air miles or cash savings off of one ticket purchased from your credit card. There are many other ways to reward the customer, but when you offer to reward them with either cash or airline miles they will see that you are a reputable company who cares about their business.
A welcome bonus can help keep your customer from going to another card or business. As they will realize that by using your card and paying the balance in full every month they are earning the benefit of a free gift card or reward card each month it will make them more likely to come back for future uses.
It’s important not to overlook the value of giving your customers free gifts. Giving your customers a welcome bonus is a great way to get your business out there in front of them and let them know that you care about them and want them to use your services.
There are many card offers on the market today. Finding the right welcome bonus card for you is easier than ever before.