Sprint Credit Union Member Cash Rewards Offer - Updated

 

 

Effective May 18, 2018, the existing Sprint offer is being revised to reflect the following changes:

*3 lines total, includes all activated and transferred lines

 

How will this impact my members?

How will this impact members who register prior to 5/18:

  • Good news, members who activate phone lines prior to 5/18, will be grandfathered into the program. The member will still be eligible to receive Cash Rewards for each line they activate, up to 15 lines.

How will this impact members who register post 5/18:

  • Members Cash Rewards will be capped at 3 lines (new and existing). On average, households have 2.5 phones so there should be minimal effect on members taking advantage of the offer.
  • Sprint Credit Union Member Cash Rewards are still stackable with special device offers and rate plan promotions. Business lines will no longer be eligible for the Sprint Credit Union Member Cash Rewards Program. However, if the member has personal lines they use for small business efforts or are operating as a DBA, they are eligible to register.

How will this impact my credit union?

Will this offer impact my quarterly Sprint revenue?

  • No, the revenue structure will be the same as 2018. Credit unions will receive $23 for each new Sprint line activation*. To receive the revenue share credit unions must complete the marketing requirements for 2018.

*$23.00 on each new line activated on the Sprint program. “New line” is a line(s) added when opening a new Sprint account or a new line added within 30 days of account activation

When do I need to update program marketing materials?

  • If you are using Mother's Day materials those will expire on May 14. The new Sprint Summer of Hundreds campaign materials, with the updated offer, will be available in the Partner Center May 18. Check back frequently, we will be continually adding new, updated marketing materials.
  • Web banners, lobby materials and member communications will be updated by May 18, 2018.
  • If your credit union has properly uploaded the HTML code for the Sprint web banners in the Partner Center; the updated web banner will automatically update. However, best practice is to update all marketing materials manually to ensure they are correct.

What if I already sent out a communication (such as a newsletter) that will hit post 5/18? 

  • No worries, Sprint will honor the current offer.

Updated and New Marketing Materials

Key Dates - Action Required

May 18, 2018:

  • Offer update goes into effect
  • New marketing materials available:
    • All Sprint Materials
    • All Bundle Materials

Updated Terms & Conditions

Limited time offers. Activ. Fee: Up to $30/line. Credit approval req. Cash Reward Offers: Avail. for eligible credit union members & member employees with qualifying corp. id. (ongoing verification). $100 Cash Reward for new smartphone line activ. up to 3 lines. Req. activ. at point of sale. Excludes CL, MBB devices, tablets, Sprint Phone Connect, upgrs., replacements & ports made between Sprint entities or providers associated with Sprint. Limit one SWP Corp ID per Sprint acct. No add’l. discounts apply. Loyalty Reward: $50/line/yr. Cash Reward up to 3 lines when Sprint acct. remains active and in good standing each yr. Transfer Reward: Members participating in another discount program are eligible for a $50 Cash Reward for up to 3 smartphone lines transferred to Cash Reward program. Deposit: Cash Reward issued by CU Solutions Group. Sprint acct. must remain active and in good standing for 31 days to receive Cash Reward. Allow 6-8 wks. for Cash Reward to be deposited to your Credit Union acct. If the Cash Reward does not appear after 8 wks., visit lovemycreditunion.org/sprintrewards & click on “Cash Rewards Tracker”. Other Terms: Offer/coverage not avail. everywhere or for all phones/networks. May not be combinable with other offers.  Offer, terms, restrictions, & options subject to change & may be modified, discontinued, or terminated at any time without notice. Restrictions apply. © 2018 Sprint. All rights reserved. Sprint & the logo are trademarks of Sprint. Other marks are the property of their respective owners.

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