Accenture study reported that about 90% of companies employ the use of one loyalty program or the other. However, the loyalty program has, in recent times, proved itself inefficient to keep loyal customers. Here is why:
Although loyalty punch cards are each to launch, they are easy to counterfeit.
The loyalty program was to reward loyal customers, but this program may push customers to cheat. The punch card is easy to punch so that customers may punch their cards.
Reward punch cards are not secure. Customer information is liable for being stolen.
The essence of the reward program is to increase the customer base; however, the best loyalty program does is to encourage existing customers to keep returning.