iowa card
Frequently Asked Questions
Why does the UI Alumni Association promote and offer a credit card?
The UI Alumni Association (UIAA) is largely a self-supporting organization with minimal support from the University of Iowa. This enables the UI to direct more of its funds towards its core mission–education. A credit card program helps the UIAA and hundreds of other alumni associations nationwide to continue to deliver the communications and services that alumni have come to depend on.
Why offer Bank of America products?
The UIAA conducted a proposal and review process that spanned 2005 and 2006. During this process it was determined that Bank of America provided the best opportunity for the UI credit card program to succeed while providing high quality products for our alumni and friends.
Why offer Iowa Rewards?
Consumers now expect more from a credit card product and most credit cards now include some type of rewards component. Iowa Rewards allows us to provide unique, exclusive merchandise and experiences that cater specifically to UI alumni and friends. This is in addition to the full catalog of rewards offered through Bank of America’s World Points program. It’s the best of both worlds!
What if I currently have a UI credit card?
If you are currently carrying a UI World Points credit card, you don’t need to do anything. You already have access to Iowa Rewards and you will receive a new Iowa Rewards card when your current card expires.
If you do not currently have a UI World Points card you may call 800/833-6262 toll-free to switch to a World Points with Iowa Rewards account. Please be sure to mention priority code LWYA .
Where can I find more information about Iowa Rewards?
Visit www.iowarewards.com to learn more about the program and view a list of Iowa Rewards and World Points rewards.
How do I apply for the Iowa Rewards credit card?
Visit www.iowarewards.com or call 800/833-6262 and mention priority code LWYA.
Can I get the Iowa Rewards card at my local Bank of America Branch?
Yes. Please be sure to specify the University of Iowa World Point with Iowa Rewards card. (Iowa State offers a Bank of America product as well.)
What card designs are available?
You may choose from two attractive Iowa Rewards designs: a contemporary design that features the Tigerhawk and a classic design that features the Old Capitol building.
How do I redeem my points?
To redeem your points online click here. Be sure to 'Sign On' in the upper right hand corner to be able to access your Iowa Rewards. Once you are logged in, click on the Ultimate Access tab and then on the Iowa Rewards tab to see a list of Iowa Rewards. Or, you can call 800/434-8313.
If you have not been contacted by a University of Iowa Alumni Association staff member within 10 business days of making your Iowa Rewards redemption, please call 800/IOWALUM to verify that your redemption was received.
How much money does the Alumni Association receive from this program?
Contractually, we are not able to release specific terms of the agreement, but the revenue generated from this program is significant. It also depends on you. Our revenue is tied to the number of cardholders actively using their card and total spending.
What is the money from the program used for?
Revenue from the credit card program is used to support the programs and services of the Alumni Association. This includes student scholarships and credit management education programs for students.
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