How to Make Loyalty Bonuses Work for You
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With the internet and technology taking over every aspect of our lives, online casinos too have moved online. There are literally hundreds of online casinos for players to choose from today, and sites have to go the extra mile to keep customers on board. One of the ways almost all online casinos do that is by offering loyalty bonuses that reward customers for their frequent play.
What are Loyalty Bonuses at Online Casinos?
- At its most basic definition, this is a rewards program that gives regular players prizes, perks, and rewards for being a regular customer.
- This type of bonus works for players wager frequently on online casinos and doesn't have much value for infrequent or one-time players.
- The structure is generally tiered - for example, you start off at a default "Bronze" level and need to earn a certain number of "frequent player points" to move up levels such as "Silver", "Gold", "Platinum", and so on - different sites give different names to these tiers, and each subsequent tier unlocks greater rewards.
- Some bonuses take innovative twists such as a birthday bonus or a special Christmas gift to frequent players.
- These bonuses are targetted to high rollers who wager large amounts each time, followed by those who wager average amounts but do so frequently.
Types of Loyalty Bonuses
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The most common type of loyalty bonuses takes the shape of a cashback via points earned by wagering on the site. Every bet that you place on the site contributes towards points earned - the higher the bet amounts (whether over a single or multiple bets), the higher the points earned towards loyalty bonuses. These points can then be redeemed for cold cash and other rewards - however, most casinos have a requirement of a minimum number of points to be earned before such rewards can be encashed.
Almost all loyalty bonuses are tiered, and you earn your way up various levels by betting more and more within a set time frame. Higher the tier, higher the rewards - for example, as a "Bronze" VIP member you may get 1 frequent player point for every $1 wagered, whereas at a "Platinum" level this may go up to 2.5 points for every $1 wagered. Membership of higher tiers also unlock greater rewards such as concierge services (a personal manager), holidays, exotic gifts, invites to exclusive events, and so on.
Finding and Using the Best Loyalty Bonuses
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- Research, Research, Research! All sites have the structure of their loyalty program listed on this site which you should go through to understand which one will suit you best according to your wagering frequency and bonus release requirements.
- These bonuses are sometimes timed - for example, if you need 1000 points to become a "Gold" member, you may need to earn these within a set time frame. It is important for you to be aware of this time requirement so that you don't lose out on a higher tier just by a whisker.
- It's important to read the T&C of every bonus thoroughly as they will have requirements for you to fulfill to be able to get access to the rewards.
- All sites will have a "Rewards" section wherein you can find out details of the VIP program on offer, your current status, and available rewards.
- When looking at a site's VIP program, ensure that the site is audited regularly by a reputed firm (such as eCOGRA or TST), which will ensure that you will receive all your rewards as promised, without any problems.
- Redeemable loyalty prizes are of a wide variety, such as simple free spins, free bets, cash, faster and higher withdrawals, a holiday abroad, and even other exotic gifts such as Porsches!
- Loyalty points aren't normally limited by the type of game that you play - as long as you wager money (on any game), you should get points for it.