The benefits of the Verizon Smart Rewards and My Rewards Plus programs include access to rewards, such as gift cards and coupons, in exchange for points that consumers earn by engaging in everyday activities through Verizon services. These reward programs also allow consumers to refer friends to earn additional points.
Eligible consumers can redeem earned points to save money when purchasing more than 4,000 brand name products, to enter sweepstakes and auctions, and to save up to 40 percent on travel deals, car rentals and cruises. To participate in the rewards programs, consumers have to meet several criteria, including having an account in good standing, being able to access the My Verizon service, being a resident of the United States and not being under contract with Verizon. Another benefit of the Verizon rewards programs is that consumers don’t have to pay a fee to participate, although the programs sometimes require of consumers to enroll in the Verizon Selects program during the registration process.
By referring friends to the Verizon FiOS or High-Speed Internet services, consumers can earn 2,500 points per friend as part of the My Rewards Plus program. Through this rewards program, consumers can redeem points to rent or purchase on-demand video content and to exchange points for charitable donations. As of 2015, this program allows consumers to exchange 500 points for a $5 gift card.