StatementRewards: A New Feature Offered Through BillPay
StatementRewards is a new enhancement to Loyola Credit Union’s online banking product, Bill Pay. Once you subscribe to it, you may take advantage of special money-saving offers each and every time a bill is paid online.
Powered by BillShrink, a provider of purchase rewards and personalized bill analysis services, StatementRewards offers the user the option to purchase rewards tailored to their existing shopping preferences as indicated by their recent transactions.
These offers may take the form of savings at particular merchants such as discounted gift cards or coupon, or they may allow the subscriber to have certain bills analyzed to see if their monthly expenses could be reduced.
Not only that, the personalized bill analysis can automatically review and make personalized money-saving recommendations on the subscriber’s largest recurring monthly bills such as wireless plans, TV services and gas purchases. Customers can save an average of $1,000 annually by right-sizing their expenses to fit their needs.
BillShrink’s merchant network, which is the cornerstone of StatementRewards, currently includes 93 of the top 100 national merchants, with new retailers continually being added to its network.
StatementRewards is a secure system that protects your private information such as your subscriber name, social security number or account numbers.
And it is an optional feature: if you prefer to remove the offers, simply click the corresponding "Off" option on the payment confirmation page, or call the customer support number listed.
Look for StatementRewards in your online BillPay and start saving today.