5,000 points when you sign up for direct deposit.
5,000 points with your first online bill payment or automatic payment from checking.
Up to 10,000 points for Visa® Check Card signature purchases in your first 30 days - 1,000 points per net signature purchase, up to 10 purchases.
IBD note: This RewardsNow demo account implies that you can exchange 19000 out of 20000 bonus points for $150 in Best Buy gift certificates ($100 GC for 12000 points and $50 GC for 7000 points).
Bonus terms as copied from Bank Rewards Website on 9/2/08:
Terms and Conditions
These Rules govern your participation in the BankRewards® Program (also referred to as the “Program”). Your participation in this Program enables you to earn points that may be redeemed for various rewards.
“Cardholder” means an individual that has received an enrolled Visa® Check Card and/or a Visa® Platinum Credit Card with BankRewards and/or a Home Equity Card and/or a Visa® BusinessRewards Check Card (also referred to as a “Card”). By using or accepting a Card, you (as a Cardholder) agree to these Rules and any changes, additions, or deletions to them. Visit the BankRewards web site by visiting your Financial Institution’s website and clicking on the BankRewards link. The BankRewards toll-free number is 1-888 4 BNK RWD (1-888 426-5793) (also referred to as the “BankRewards Redemption Center”).
RewardsNOW, Inc. manages and administers the Program through Metavante Corporation. Your Financial Institution, RewardsNOW and Metavante are not affiliates. Card transactions are subject to other applicable agreements you have with your Financial Institution.
General
The BankRewards Program is offered at the sole discretion of your Financial Institution and Metavante. They reserve the right to change these rules at any time, for any reason, and without notice, and this includes the right to suspend or end the program, or change redemption of outstanding rewards. Neither your Financial Institution nor Metavante assume any liability whatsoever for these changes.
Cards and related accounts may be subject to fees and charges in accordance with the applicable agreements and fee schedules.
In the event of Cardholder fraud, abuse of the Program privileges, or violation of the Rules (for example, any attempt to sell, exchange, or transfer points or any instrument exchangeable for points), your Financial Institution and/or Metavante, in its sole discretion, reserves the right to cancel your participation in the Program.
You are responsible for any personal tax liability related to participation in the Program or as a result of points earned or redeemed.
The Program is void where prohibited by law.
Neither your Financial Institution nor Metavante is responsible for managing or administering the Program or providing services under the Program. Neither your Financial Institution nor Metavante will be responsible for errors or omissions in any Program document. Neither your Financial Institution nor Metavante will have any liability to you or any other Cardholder arising from, or related to, the services or rewards.
You (and any other beneficiary of the program) agree that neither your Financial Institution nor Metavante nor RewardsNOW will be liable for, and you release, discharge, and hold harmless your Financial Institution, Metavante, and RewardsNOW or anyone who acted on behalf of your Financial Institution, Metavante, or RewardsNOW, from any and all claims of any sort, type, kind, or nature that you may have against your Financial Institution, Metavante, or RewardsNOW, arising out of or in any way relating to your participation in the program or its rewards – including (but not limited to) claims for or due to personal injury, property damage, accident, sickness, delay, cancellation, postponement, inconvenience, penalty, refund, or other irregularities that may occur or that may be caused by any provider of services or rewards or any person not under the direct supervision and control of your Financial Institution or Metavante.
Your Financial Institution and/or Metavante reserve the right to interpret Program Rules and policies and will be the final authority on point credits and reward qualifications.
Earning Points
Cardholders will earn one point for every two U.S. dollars ($2) in eligible net purchases made on their Visa® Check Card, one point for every one U.S. dollar ($1) in eligible net purchases made on their Visa® Platinum Credit Card with BankRewards, one point for every one U.S. dollar ($1) in eligible net purchases made on their Home Equity Card and one point for every one U.S. dollar ($1) in eligible net purchases made on their Visa® BusinessRewards Check Card rounded to the nearest whole dollar. Periodically promotional points may be offered for certain products or activities.
“Net purchases” are defined as the dollar value of goods and services purchased with a Card beginning with the first day of the statement cycle that includes Cardholder’s Enrollment Date, minus any credits, returns, or other adjustments as reflected on monthly statements.
Transactions excluded from point calculation include the following:
ATM withdrawals, PIN based transactions, Cash Advances and convenience checks except as otherwise permitted in special promotional offers.
Internet lottery, betting or gaming transactions or any illegal transactions.
Any fees and card-related charges posted to a Rewards Card account including
ATM fees as outlined in the applicable agreements and fee schedules.
Negative points will post on a statement if returns or credits exceed purchases. Points may not be purchased.
Points may be earned only if the applicable account is in good standing. A Card account is not in good standing if closed or suspended. If the account is closed by you or your Financial Institution for any reason, all points that were accumulated but unused will be forfeited immediately.
Point accrual will begin upon the first day of the calendar month that includes the Cardholder’s Enrollment Date. No other retroactive points will be awarded.
The number of points a Cardholder can earn in a calendar year is unlimited.
Points earned will be credited on a monthly basis. To view your current balance, visit the web site or call the BankRewards Redemption Center.
Points will expire at the end of the third calendar year after the year in which they were earned. Points and rewards are not considered your property and are generally not transferable upon death, as part of a legal settlement, or as part of a domestic relations issue.
Redeeming Points
Points may be redeemed for a variety of rewards, as indicated in the BankRewards catalog or on the web site.
When you are ready to redeem points, visit the web site to select your reward, or call the BankRewards Redemption Center for all redemption inquiries and orders. Hours of operation are 24 hours a day, 7 days per week.
The BankRewards points earned on the Visa® BusinessRewards CheckCard by all Cardholders will be combined into a single BankRewards account. Only one designated individual may have access to redeem the points.
Only eligible travel purchases made with an enrolled card will qualify for a rebate. Your credit will appear on your card statement in the month following receipt of your travel rebate certificate and receipts by the BankRewards Redemption Center. All minimum payments must be made while awaiting your credit.
Travel certificates must be redeemed in increments of 2,500 points with a minimum of 5,000 points. The minimum number of points to be redeemed for merchandise is 2,500 points and for gift cards is 2,000 points. The point redemption levels for merchandise and gift cards can be found on the web site or in the BankRewards catalog. Travel rebate certificates are valid for one year.
Points may be redeemed only from accounts that are open and in good standing as stated in the “Earning Points” section above.
Points redeemed and/or expired, if applicable, will be based on a first-in, first-out basis.
All redemptions are sent to the billing address on the account. UPS or USPS will usually deliver your item within 2-4 weeks. Shipments cannot be made to a post office box, an APO address or outside the 50 United States. You may update your mailing address by calling your Financial Institution.
All rewards are subject to availability. Reward items may be discontinued or withdrawn without notice. Should an item be discontinued, it will be replaced with an item of equal or greater value or you will be advised of unavailability so that you can make an alternate selection.
A merchandise item can only be exchanged in the event that it arrives in defective or damaged condition. Be sure to note any exceptions, damages, or shortages on the delivery receipt before signing to accept gift/freight shipment. Instructions on how to return defective or damaged items are included with your gift. If you need additional information, please call the BankRewards Redemption Center. Items may only be returned within 30 days of receipt.
Neither your Financial Institution nor Metavante nor RewardsNOW are responsible for lost or stolen correspondence, documents, or certificates.
You, as a Cardholder, have sole responsibility for any charges over and above the stated value of a gift card or gift certificate.
