Bank Of America And Starbucks Align On Rewards
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Last updated 04/02/2024 by
Benjamin LockeEdited by
Summary:
Bank of America and Starbucks have created a partnership to reward customers with extra cash back and Stars when they use their Bank of America cards on the Starbucks app. This initiative not only enhances the coffee purchasing experience but also demonstrates Bank of America’s broader commitment to strategic partnerships across various sectors, aiming to foster community growth, innovation, and positive social impact.
Bank of America and Starbucks have partnered to offer additional rewards for purchases made on the Starbucks app using a Bank of America credit or debit card. Customers will receive an extra 2% cash back and an additional Star for every $2 spent, with Stars being part of Starbucks’ loyalty program.
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How to join
To join, you need to be a Starbucks Rewards member and have a Bank of America card. Activate the offer in your Bank of America account under BankAmeriDeals and link your card to your Starbucks account. This partnership covers all consumer and small business credit cards from Bank of America, including debit cards. Eligible purchases at Starbucks include food, non-alcoholic drinks, packaged coffee, merchandise, and gift cards.
Steps to join
To take advantage of the Bank of America and Starbucks partnership rewards, follow these steps:
- Ensure you’re a member of the Starbucks Rewards program. If not, sign up via the Starbucks app or website.
- Have an active Bank of America credit or debit card. This includes all consumer and small business cards from Bank of America and Merrill.
- Log in to your Bank of America account and navigate to BankAmeriDeals. Look for the Starbucks offer and activate it.
- Add your Bank of America card as a payment method in your Starbucks account. You can do this through the Starbucks app or website.
- Make eligible purchases at Starbucks using your Bank of America card through the Starbucks app. Eligible items include food, non-alcoholic beverages, packaged coffee, merchandise, and both new and reloaded Starbucks gift cards.
By following these steps, you’ll earn extra rewards on your Starbucks purchases, enhancing your coffee experience.
Earning rewards
The 2% cash back is in addition to any other rewards your card offers. For instance, the Bank of America Premium Rewards credit card earns 2 points per $1 on dining, equating to 4x points on Starbucks purchases. Preferred Rewards members can increase their earnings by 25%-75% on all purchases.
Rewards are provided as a statement credit or deposited into an eligible account and do not expire. However, Starbucks Stars expire six months after they are earned, with no cap on the amount of cashback or Stars you can accumulate.
Bank of America partnerships aren’t limited to Starbucks.
Bank of America engages in strategic partnerships across various sectors, collaborating with a diverse range of entities from nonprofit organizations to technology and channel partners. These collaborations are designed to support community development, enhance customer experiences, and expand its service offerings globally. Through these partnerships, Bank of America aims to foster growth, innovation, and positive social impact, demonstrating its commitment to not only financial success but also to contributing to the broader community and cultural development.
| Partnership Area | Description |
|---|---|
| Nonprofit Organizations | Partnerships with organizations like Girls Who Code and Habitat for Humanity to support community growth and development. |
| Technology and Channel Partners | Has 35 partners, including 9 technology partners and 26 channel partners, with Make being its largest partner. |
| Arts and Culture | Partnerships with non-profit arts and cultural institutions to deliver arts experiences and educational programs. |
| Community Development Financial Institutions (CDFIs) | Partnerships in all 50 states and the District of Columbia to fund projects that strengthen families and communities. |
| International Banking | International partner ATMs to avoid non-Bank of America ATM fees for customers traveling internationally. |
Key takeaways
- Bank of America and Starbucks partnership offers extra rewards for purchases made via the Starbucks app using Bank of America cards.
- To participate, customers must be Starbucks Rewards members and activate the offer through BankAmeriDeals in their Bank of America account.
- Eligible purchases include food, non-alcoholic drinks, packaged coffee, merchandise, and gift cards, with rewards including 2% cash back and additional Stars.
- Bank of America’s partnerships extend beyond Starbucks, engaging with various sectors to support community development and enhance customer experiences.
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