Payments
Bank of America launches partnership with Starbucks
February 22, 2024
Bank of America has partnered with Starbucks to link its cardholders to Starbucks Rewards. With this partnership, members can earn 2% cash back on top of rewards benefits, as well as one Star per $2 on Starbucks when linking an eligible debit or credit card, according to a press release.
Customers can redeem Stars for free drinks, food or merchandize.
"Partnering with Starbucks is part of our commitment to invest in meaningful ways to thank our clients for choosing to do business with us," Shikha Narula, head of consumer and small business product strategy and transformation at Bank of America, said in the release. "We are pleased to give Bank of America clients and Starbucks customers even more opportunities to make their everyday financial lives more rewarding."
"We are pleased to partner with Bank of America and offer Starbucks Rewards members even more valuable benefits like cash back and more Stars," Ryan Butz, VP, loyalty strategy and marketing at Starbucks, said in the press release. "This partnership is the latest example of how we are continuing to invest in our most loyal customers to deepen engagement and connection by offering benefits and experiences that can't be found anywhere else."
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