@DeeBee78 wrote:
Common misconception with this card. You do not have to charge at least $26 a month on it to ge the reward. The fine print says more than the minimum payment ($25) or the statement balance. I use mine exclusively for netflix ($7.99 a month), and that meets the requirement.
However, there have been noted cases where people with less than $5 balances are getting those balances waived, because it's cheaper for BoA to eat that cost than it is to give out the reward.
There was no "common misconception" in this case. You are quite correct that he/she doesn't need $26, but what I said has nothing to do with the terms. The point is the free $25 (in his/her case) is going to post to his/her statement on the 5th. (26-25.00=1.00) His/her statement cuts on the 8th. If he has $26 balance then he will be left with $1 after the credit, which is exactly what he/she wants. If less*, then he will be screwed. I think the timing was the whole point of his post.
P.S. I'm getting tired of typing he/she his/her him/her. So I stopped midstream up there.
*I have assumed $1 is the min. I suspect it's more like $0.01 but I don't have the guts and haven't met anyone else who wants to try less
. They keep trying to sell me on it when I make payment in branch lol. I dont want to switch banks, or even just have a secondary savings elsewhere. Good deal though for deposit customers there.
