BofA Cash Rewards card changing

[RonM21]

Thanks OP. I was unaware of this.

[ficobgtx]

My BofA CR is currently a MC... I'm guessing it should be a simple phone call to change this to a visa? Anyone know for sure?

[quickstrike]

Awesome.  So potentially with the Preferred Rewards Program, it will be end up being 3.5% cashback at Costco.

[Anonymous]

Yes that's correct. Or more with Plat Honors.

[CluelessJohn]

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@taxdoc wrote:
When I logged out of my account, the landing page was the cash rewards card that included the 2% on wholesale club spend and the increase to $2500 quarterly spend for the 2% bucket. Woohoooo!

This slightly diminishes the pain of the Costco and AMEX divorce.

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I have a BofA CR Visa Signature.  Logged into my account and didn't see this anywhere.  Logged out and landing page was what I typically see (I think).  For me, I see no mention of changes in rewards.  I haven't used the card in a year and probably wouldn't even with the reward changes.  I do feel left out though.

[kdm31091]

Not seeing any changes when logging into mine either.

The nice thing about this is that it's a Visa and you'll get 2% at Costco or at BJ's etc; don't have to be loyal to a certain one. Of course, it's only 2%, but for Costco, it would be an option if you didn't want their specific card.

[ficobgtx]

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@ficobgtx wrote:

My BofA CR is currently a MC... I'm guessing it should be a simple phone call to change this to a visa? Anyone know for sure?

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I just called in and it was that easy (6 minute phone call). Said no HP - I was expecting no HP, but you never know with BofA.

[Anonymous]

mine still shows:

How to Earn cash back information

Earn more cash back on the things you buy most

• 1% cash back everywhere, every time
• 2% cash back at grocery stores and 3% on gas for the first $1,500 in combined grocery store and gas purchases each quarter
• Plus, get an additional customer bonus every time you redeem your cash back into a Bank of America® checking or savings account or an eligible investment account with Merrill Edge® or Merrill Lynch Wealth Management®.
• Rewards are earned automatically and do not expire
• Learn more [about ways to earn cash back] about ways to earn cash back

[Anonymous]

Very interesting.

I used to have the BoA CashBack card but I PC'd it to the Travel Rewards card, whcih gives me a flat 1.65% everywhere (1.5% plus another .15% since I have a BoA bank account). I use it for spending outside the country because it has no foreign transaction fee, and I was planning to use it at CostCo. 2% is better than 1.65% at CostCo.... interesting. At regular grocery stores I get 3% on my Amex BCE and everywehre else I use my CITI DC to get 2%.

The extra .35% on ~$6000 or so at Costco (the max) is only $20/year so I probably will stick with the Travel Rewards--it'll save me more than $20/year in foreign transaction fees. 

But interesting.

[DieGo2SHAE]

Any source on when this starts? I can't find anything on it but would love to know when it starts so I can make my BofA card my new Costco card as soon as the switch happens