CI Review – BankAmeriDeals Rewards Program

by on Jul 18, 2012

altBank of America recently introduced a new rewards program – BankAmeriDeals. This new program allows clients to earn cash back when making qualifying purchases at participating third-party retailers with an eligible Bank of America debit or credit card. No sign-up is necessary; clients with eligible accounts and cards will automatically receive new offers to redeem for cash back.

Bank of America Clients will now notice offers within their Transaction table on the private site as well as a full list of current offers from participating stores and restaurants in the new Cash Back & Coupons section. Choosing an offer loads a cash back deal on the client’s eligible Bank of America and Merrill Lynch debit/credit cards. Once clients visit the participating location for the offer selected and make purchases at that location with their eligible card, cash back is automatically added to their account.

Clients can also keep track of all of their earned and expired offers on the BankAmeriDeals Offers page located in the new Cash Back & Coupons section. An Offer Activity table provides clients with their total cash back paid to date and any cash back pending. The Preferences page allows clients to manage eligible cards and accounts, sign up for alerts, receive new offer notifications, view redeemed or expired offers, and opt-out of the BankAmeriDeals rewards program.

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BankAmeriDeals Offers Page

A Growing Rewards Trend
BankAmeriDeals is similar to rewards programs offered by other bank and credit card firms, most notably Fifth Third Prewards, PNC Purchase Payback, Chase Bonus Offers and Citi Bonus Cash Center through the ThankYou Rewards program. All four of these programs offer clients cash back or accelerated points when making in-store purchases at participating retailers with eligible debit and/or credit cards.