Bank of America, Starbucks launch loyalty partnership

Bank of America (BAC) and Starbucks (SBUX) announced a new partnership that offers millions of Bank of America cardholders and Starbucks Rewards members in the U.S. the ability to earn even more benefits by linking accounts. Bank of America cardholders and Starbucks Rewards members can earn 2% cash back on top of the rewards or card benefits they already earn on qualifying purchases, and 1 Star per $2 spent at Starbucks when they link an eligible debit or credit card with their Starbucks Rewards account at BofA.com/starbucks or starbucks.com/bofa. Members can unlock their new benefits through qualifying Starbucks in-app purchases with their linked Bank of America debit or credit card – like reloading a digital Starbucks gift card, ordering ahead, or paying in the app at the register. Stars earned can be redeemed towards Rewards at Starbucks including free drinks, food, merchandise and whole bean coffee.