the bribe a business pays you to stop shopping around.
means extra benefits offered to loyal customers or members beyond the core product or service, designed to reward retention and discourage switching.
from the concept traces to 19th-century fraternal societies and cooperatives that offered mutual aid to dues-paying members, but it went commercial with airline frequent-flyer programs in the 1980s, which discovered that a free flight cost less than a lost customer.
amazon prime — 200 million members worldwide paying for shipping, video, and fomo
costco membership — 90 percent renewal rate on a fee that funds nothing they sell
delta skymiles — reshaped as a spending rewards program more than a flying one
aaa membership — founded 1902, now sells roadside help and hotel discounts alike