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New BoA Card? Free $100/year

Regular Contributor

New BoA Card? Free $100/year

https://www.bankofamerica.com/credit-cards/products/better-balance-rewards.go?cid=2091998&po=52

 

What do you guys think about this new card that BoA is offering?

 

You get $25/quarter by paying more than the minimum every month.

Additional $5/quarter if you have an account with BoA.

 

Sounds interesting!

19 REPLIES
Regular Contributor

Re: New BoA Card? Free $100/year

Are you suppose to leave a balance every month and pay above the minimum or can you PIF to earn the rewards?

TU 746 (10/13)
GOAL: 750+






Established Contributor

Re: New BoA Card? Free $100/year

I was looking at this card earlier today and it peaks my interest! I want a mastercard and this may be the one in the future!
TU Fico 714 | Sesame 742 | Credit Karma 762 | Wal-Mart FICO 734 | EX FICO 695 (1/28/13) | EQ 740 (3-21-13)

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Regular Contributor

Re: New BoA Card? Free $100/year

Yeah I'd like to add a MC to my wallet.

 

My only concern is how much we would need to charge every month n order to pay "more than the minimum" 

Senior Contributor

Re: New BoA Card? Free $100/year


wche wrote:

Yeah I'd like to add a MC to my wallet.

 

My only concern is how much we would need to charge every month n order to pay "more than the minimum" 


this is what I have been trying to find out as well..thinking of PC over one cash rewards that I do not use much .hmm ..I am wondering about the minimum and if you can PIF and still get the rewards?  there must be something I did not see I guess?

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....Last HP 01 NOV 2016...............
Established Contributor

Re: New BoA Card? Free $100/year

The terms seem straight forward unless I am missing something. It says you have to have a balance hit each and every month. So it looks like you can pif but only after a statement is cut.
TU Fico 714 | Sesame 742 | Credit Karma 762 | Wal-Mart FICO 734 | EX FICO 695 (1/28/13) | EQ 740 (3-21-13)

Amex Blue Sky 7.2k | Amex BCE 13.1k | Citi Diamond Preferred 10.2k | CSP 5k | Bofa Cash 9k | Boa Travel 10k | Discover More 3k | Chase SW 5k | Wal-Mart 3.3k | Amazon 5k | Old Navy Visa 5k | Shell 1200 | BP 400 | VS 1500 | Sam's Discover 8.5k | FNBO Amex 16k | Chase Freedom 1.3k | Home Depot 5k | Brylane Homes 1600 | BML 2820

App free since 12/11/13*
Established Contributor

Re: New BoA Card? Free $100/year

5$ per quarter with a BoA account?

 

Chase is 10% annually if you have an account on its Freedom card and thats on top of the card's standard bonus. 

 

I think Chase Freedom is a better deal.  Of course I might be comparing apples to oranges here since the BoA's ad language makes it sound as if its really a starter card while Freedom is certainly not.


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Regular Contributor

Re: New BoA Card? Free $100/year

This is the chat I just had with a specialist:

 

You: It says I must pay more than the monthly minimum every month to qualify for the $25 reward every quarter

You: Is that correct?
rep: Yes, you are right. Let me highlight the benefits associated with this card.
You: Well then if I pay in full every month on time, would I still qualify for the reward?
rep: Yes, definitely! You can still get the $25 reward every quarter.
You: So lets say I charge only $30 on the card every month
You: and I pay the full $30 according to the statement every month
You: I will still get the $25 per quarter?
rep: Yes, you are absolutely correct.
Regular Contributor

Re: New BoA Card? Free $100/year

I'm interested because my current BOA Platinum Plus card doesnt give any rewards and its in the sock drawer. I might as well PC it just for the rewards!

Senior Contributor

Re: New BoA Card? Free $100/year


wche wrote:

This is the chat I just had with a specialist:

 

You: It says I must pay more than the monthly minimum every month to qualify for the $25 reward every quarter

You: Is that correct?
rep: Yes, you are right. Let me highlight the benefits associated with this card.
You: Well then if I pay in full every month on time, would I still qualify for the reward?
rep: Yes, definitely! You can still get the $25 reward every quarter.
You: So lets say I charge only $30 on the card every month
You: and I pay the full $30 according to the statement every month
You: I will still get the $25 per quarter?
rep: Yes, you are absolutely correct.

Under these conditions it sounds like a really interesting solution for an "emergency card" that you do not use very often. I am still a bit suspicious - too good to be true?!

Move the mouse over the cards for detailed view!
....Last HP 01 NOV 2016...............