Higher One Announces Cash Back Rewards Program

Ann McClure's picture
Tuesday, December 11, 2012

Higher One

[New Haven, CT] – Higher One, a provider of financial services and data analytics to over 1,250 college and university campuses across the U.S., announced its new OneRewards cash back rewards program for its checking accounts, offered to college students enrolled at partner colleges and universities across the nation.

With OneRewards, Higher One checking accountholders can receive up to 30% cash back on everyday purchases such as retail and dining—both online and in-store. The OneRewards program will be providing access to over 100,000 merchants in the network including 21 of the 25 top U.S. retailers and 45 of the top 50 online retailers including top brands like Staples.com, BestBuy.com, Kohls.com, and Dell Home.

All current and new Higher One account holders are automatically eligible for and enrolled in the program at no cost. Actual cash back savings by merchants may vary over time. Log in or visit OneRewards.com to see the full list of online and in-store merchants in the OneRewards network.

“In the face of regulatory pressures, some large national banks are terminating their rewards programs. So, we took special care to bring back an improved OneRewards cash back program at this time,” said Miles Lasater, COO and Co-founder of Higher One. “For many of our customers who are enrolled in college and face real day-to-day financial challenges, deep discounts can really work to ease their burden of daily expenses incurred while pursuing a higher education.”

Accountholders are already realizing the benefits of Higher One’s OneRewards program:

“I think the program is simply amazing. Instead of adding to my bills and debt as a college student, cash back rewards helps me get money and save that money,” said Pamela Reed, OneAccount holder at Colorado Technical University.

“I love the program because I don’t have to go out of my way--it actually rewards me for shopping at my favorite places,” said Melissa Murphy, OneAccount holder at Saint Leo University.

“I like the program because I shop online and now I can get cash back for doing what I love. I can’t wait to do my online shopping this holiday season and save,” said Bryana Wren, OneAccount holder at Cedar Valley College.

Earning cash back with OneRewards is as simple as a click or swipe. To earn cash back online, customers simply log into OneRewards.com, click on an online offer, and shop and check out on the retailer’s site. To earn cash back in stores, customers can “Swipe & Sign” their Higher One card at any participating OneRewards retailer. An earnings profile tool calculates cash back per purchase and keeps track of all cash back earned and cash back deposits. At the end of each month, cash back rewards are automatically deposited directly into customers’ accounts.

About Higher One Checking Accounts

Higher One’s offers three FDIC-insured checking accounts as part of its innovative and high-value banking service built upon choice. Offered as a part of Higher One’s proprietary OneDisburse® Refund Management® funds disbursement service that handles financial aid disbursements for more than 600 colleges and universities across the U.S., the basic OneAccount requires no minimum balance, has no monthly fee for students, and does not require a credit check. The Edge and Premier accounts offer more advanced features based on the needs of individual consumers, and also do not require a credit check. Higher One is committed to transparency and to providing consumers a straightforward banking experience. The fee schedule for all three accounts is always one click away on the website, along with instructional videos on how students can avoid fees and use the basic OneAccount for free.

About Higher One

Higher One Holdings, Inc. (NYSE: ONE) is a leading company focused on creating cost-saving efficiencies for higher education institutions and providing high-value services to students. Higher One offers a wide array of technological services on campus, ranging from streamlining the institution’s performance analytics and financial aid refund processes to offering students innovative banking services, tuition payment plans, and the basics of financial management. Higher One works closely with colleges and universities to allocate resources more efficiently in order to provide a higher quality of service and education to students.

Founded in 2000 on a college campus by college students, Higher One now serves more than half of the higher education market, providing its services to over 1,250 campuses and 10.8 million students at distinguished public and private institutions nationwide. More information about Higher One can be found at HigherOne.com.