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Are Brand Loyalty Programs Relevant to Gen Z and Millennials?

Young consumers want rewards from their favorite brands, but loyalty programs need to meet their standards first…

Written and Edited by the YPulse Editorial Team
KEY TAKEAWAYS
  • Roughly half of Gen Z and Millennials are members of a brand loyalty or rewards program
  • It’s most important to them to earn points they can apply to other things, especially freebies
  • Recent Dunkin’ controversy proves young consumers want their rewards to be fair for the amount of money they’re spending to earn them
YPulse data shows that Gen Z and Millennials consider themselves loyal-ish to most brands; they like reliability and innovation, but are willing to swap brands if there’s a better offer (especially for a lower price). But, one way a brand can win them over is by offering them rewards—specifically ones that lead to freebies. In fact, one quarter of young consumers say they would be more loyal to a brand who gives frequent purchasers special access and perks, meaning loyalty programs really can equal brand loyalty.  However, not all rewards and loyalty programs are created equal, and recent events have...

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