
My father often jokes with my brother, sister and I about how the best thing we’ll inherit is a membership in USAA. Those of you who read our blog fairly regularly have seen Spike (a fellow USAA member) post on them a couple times. But I couldn’t pass up the opportunity to share my love today. We’ve been thinking a lot about loyalty lately, and when I asked myself what company I was truly loyal to, there was only one name that I could honestly list – USAA.
So then I asked myself why? Why am I so loyal to these guys? Why have I twice passed up slightly better rates to get financing through them instead of another bank? Completely irrational right?
Well first off loyalty should be irrational. It should signify that you have such a strong relationship with a brand or company that you’re willing to overlook the occasional snafu. And a competitor that can offer you a better rate. In fact I would argue that price is hardly ever enough to create that strong of an emotional connection in the brain.
So what rewards are strong enough? My personal opinion is that too many companies fail to truly understand the concept of a reward, at least as far as the brain is concerned. Points that get you $5 off after spending $1000? – seriously that just isn’t significant enough for my brain to equate a state of pleasantness with shopping at your store.
What is significant enough is being treated like a person. Every time I call USAA I get a REAL PERSON on the line. Amazing in an era of customer no-service. And, get this. When I enter my account #, the person ACTUALLY knows it when we start talking. He or she does not ask me to give it to them again. They can actually see all my account information in front of them. And they can and do stay on the phone as long as I need them – always friendly, always helpful. If they can’t resolve something, they talk to somebody who can. Sometimes they even give me their personal line and email. And if they say they’ll call me back with an answer, they ALWAYS do.
This experience goes farther to creating loyalty than any points-based program can do. My brain learns, through repeatedly excellent service, to equate USAA with help, advice, and friendly people. That builds trust and confidence. THAT is a reward. Knowing that they will always be there – not having to worry about my house, or car – THAT is a reward.
Just to show that I’m serious – here’s a list of everything I do with USAA: car loan, car insurance, home mortgage, home insurance, retirement accounts, investments, credit card, checking account, savings account
In fact – the one program I really don’t even pay attention to? Their points-based “loyalty” program on their credit card. Ironic, huh.
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