Forbrugsforeningen

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Forbrugsforeningen (The Consumption Society), also called FBF, is Denmark's oldest and largest loyalty club with more than 247,500 members. [1] FBF is a non-profit organisation, [2] that was established 20 April 1886 as Forbrugsforeningen af 1886.

Denmark Constitutional monarchy in Europe

Denmark, officially the Kingdom of Denmark, is a Nordic country. Denmark proper, which is the southernmost of the Scandinavian countries, consists of a peninsula, Jutland, and an archipelago of 443 named islands, with the largest being Zealand, Funen and the North Jutlandic Island. The islands are characterised by flat, arable land and sandy coasts, low elevation and a temperate climate. The southernmost of the Scandinavian nations, Denmark lies southwest of Sweden and south of Norway, and is bordered to the south by Germany. The Kingdom of Denmark also includes two autonomous territories in the North Atlantic Ocean: the Faroe Islands and Greenland. Denmark has a total area of 42,924 km2 (16,573 sq mi), land area of 42,394 km2 (16,368 sq mi), and the total area including Greenland and the Faroe Islands is 2,210,579 km2 (853,509 sq mi), and a population of 5.8 million.

Loyalty program Customer loyalty program

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Contents

FBF's product is a combined loyalty card and credit card to be used in shops and webshops to earn and accumulate bonuses, also called cashback. The size of bonuses varies from shop to shop. To become a member of FBF, one has to be a member of a trade union. [3] There is a small membership fee.

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A cashback reward program is an incentive program operated by credit card companies where a percentage of the amount spent is paid back to the card holder. Many credit card issuers, particularly those in the United Kingdom and United States, run programs to encourage use of the card where the card holder is given points, frequent flyer miles or a monetary amount. This last benefit, a monetary amount, is usually known as cashback or cash back reward.

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Awards

FBF won the title as best loyaltyclub in Denmark in 2015, primarily due to the ease of transparency when accumulating bonuses, regular cashbacks without a minimum amount. [3]

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References

  1. "Forbrugsforeningen" (in Danish). Danish Pharmaconomist's Society. Retrieved 26 November 2016.
  2. "Forbrugsforeningen" (in Danish). Danish Union of Teachers. Retrieved 26 November 2016.
  3. 1 2 Søren Duran Duus (2 November 2015). "Stor undersøgelse: Her er Danmarks bedste kundeklub : Nyheder om retail og detailhandel - Udvikling og tendenser om butik og detail" (in Danish). detailfolk.dk. Retrieved 26 November 2016.