Campus Cards, College and University Identification and Security

Higher One launches cash back rewards program

Wednesday, December 12, 2012

Financial services provider Higher One has introduced its OneRewards cash back program for checking accounts that college students enrolled at partner colleges and universities use.

Higher One checking account holders can now receive up to 30% cash back on purchases such as retail and dining, both online and in-store. The OneRewards program will be providing access to more than 100,000 merchants in the network.


All current and new Higher One account holders are automatically enrolled in the program at no cost.

To earn cash back online, customers log into OneRewards.com, click on an online offer, shop then check out on the retailer’s site. To earn cash back in stores, customers can swipe 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, the rewards are deposited into customers’ accounts. [end] 

Higher One has opened the application process for its annual Financial Literacy Counts grant program. The grant program, which supports campus-based financial literacy education programs and initiatives, is open to any accredited, non-profit college or university in the U.S., with an independent review committee comprised of higher-education administrators selecting the recipients.

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The first day of summer classes isn’t just the start of a new semester for Florida International University students, it’s also day one for a new point rewards system for the university’s One Card.

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Waukesha County Technical College has started its search for a new banking partner to fill its on-campus location.

A 2009 poll conducted at the Waukesha County Technical College found that 69% of students would use an on-campus bank. Now, the school is seeking proposals for a full-service branch on its Pewaukee campus.

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Regulatory action is being proposed in the campus-banking sector, with the U.S. Department of Education releasing its first draft of regulations on campus debit cards that will effectively prohibit certain fees, constrain marketing practices and institute transparency regarding the college-card provider relationship.

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