Bank of America is offering enrolled customers the chance to earn up to 20% cash back on their purchases at more than 270 online retailers. The new Add It Up program can be combined with other BofA promotions, including Keep the Change, which places change from the dollar on check card purchases into savings accounts, and BankAmericard Rewards, its ongoing loyalty program.
The new rewards program comes at a time when some banks, including Citibank are cutting back on promotional programs. Citibank, for example, is reportedly putting expiration date on points in its Thank You Network starting next week.
Bank of America’s Add It Up has been quietly operating the past few months. It replaces the Bank of America Mall, which launched last summer.
Cash earned through Add It Up is placed into the buyer’s credit or check card account, bank officials said. For a limited time, the bank will match earnings from select online retailers including Home Depot, Sears, Staples. Other retailers in the program include Target, Best Buy, Barnes & Noble. iTunes, Macys, Sephora, Gap, Petco, Overstock and Lands’ End.
Online customers with a Bank of America credit or check card can register for the program through the Add It Up site.