Log in to Digital Banking, select “Self Service” and click on “Global Rewards” to learn more!
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BFSFCU’s Global Rewards is our new total relationship rewards program for all members in good standing. The program offers access to premium rates on our new Premier Checking account, discounts on rates for personal and auto loans, mortgage cash rewards, and fee rebates for select services, such as ATM surcharges, debit card foreign transaction fees, and wire transfer fees. There are three levels of rewards, and your rewards level is determined by your Total Relationship Balance with the Credit Union.
Your Total Relationship Balance is calculated on the first day of each month by adding together the prior month’s average balances for deposits and month-end balances for loans and credit cards.
Members in good standing qualify for Global Rewards and are eligible for the CHOICE, PLUS, or OPTIMUM Rewards level based on their Total Relationship Balance. Only personal accounts are eligible for the Global Rewards program, and we exclude CU Student Choice loan balances.
No Enrollment is necessary to join the Global Rewards program, but some Global Rewards benefits will require your action. For example, the Premier Checking Account requires that you notify us if you wish to open a new Premier Checking Account or upgrade an existing checking account to this new account. Another example are loan discounts. For a loan discount to apply, a loan application needs to be submitted and approved. Please review the disclosures and FAQs to obtain further information.
The three levels of BFSFCU Global Rewards and their qualifying criteria are as follows:
The balance on your BFSFCU credit card at the end of each month will be counted towards your Total Relationship Balance calculation.
Your Total Relationship Balance is calculated on the first day of each month, and you may move between Rewards levels each month as your Total Relationship Balance changes. View the balance thresholds and rewards for each level here.
Example CHOICE to OPTIMUM:
If your Total Relationship Balance with BFSFCU is currently less than $50,000 (CHOICE) and you add a $280,000 mortgage loan, you will move from CHOICE to OPTIMUM on the first day of the following month since your Total Relationship Balance now exceeds $250,000.
Example CHOICE to PLUS:
If you have a deposit balance of $40,000 in your Checking account, and you apply and get approved for a $25,000 auto loan, you will move from CHOICE to PLUS on the first day of the following month since your Total Relationship Balance now includes the minimum loan balance required for PLUS and now exceeds $50,000.
Rewards levels are recalculated each month, so be sure to log in to Digital Banking and check your Global Rewards level! Once you log in to Digital Banking, go to ‘Self-Service’ and then click on ‘Global Rewards’ to view the wide variety of valuable rewards that come with each level.
Yes, the balances on shared ownership BFSFCU accounts count towards the calculation of your Total Relationship Balance and can move both you and the joint owner to the next Global Rewards level.
If you and the joint borrower share a $280,000 mortgage, the $280,000 balance will be included for each of your Total Relationship Balance calculations, and you will both qualify for OPTIMUM Rewards.
If you and a joint owner have BFSFCU checking and savings accounts with a combined balance of $70,000 and share a $25,000 BFSFCU auto loan, you will both qualify for PLUS Rewards.
For any questions related to the Global Rewards program, send us a secure message using the Self-Service Menu within Digital Banking, and we will be happy to help. You may also reach out to one of the BFSFCU Member Service Representatives or Loan Officers during your next visit to our Branches or Lending Center.
QUESTIONS ABOUT OUR PREMIER CHECKING ACCOUNT
Global Rewards Premier Checking is a high yield checking account with a premium dividend rate. View our current rates here.
If you prefer for your checking account number, direct deposits, and any scheduled payments to remain unchanged, simply upgrade your existing checking account to a Premier Checking account. There’s no need to open a new one.
To upgrade your existing checking account to a Premier Checking account, send us a request via secure message using the Self-Service Menu within Digital Banking or schedule an appointment with one of our Member Services Representatives at one of our branch locations. We offer walk-in, phone and in-person appointments.
To view our current rates, visit BFSFCU.org/rates.
Each qualifying member can have only one Global Rewards Premier Checking account.
If you close your Premier Checking Account prior to the 3rd of the month, any unpaid Premier Dividends will be forfeited.
QUESTIONS ABOUT REBATES AND REWARDS
The GAP insurance rebate will be credited to your open checking or savings account 120 days after the insurance has been purchased. An open checking or savings account is required for your rebate to be processed and credited.
Your reward will be applied as a lender credit at the time of your mortgage closing.
Yes, you must have an open savings or checking account to receive the Global Rewards rebates.