New BofA card valid only 2 years?

Discover2016 · ‎07-17-2015

Last week I applied for and was approved for the BofA cash rewards card, I recieved it today and noticed it's only valid for two years. Is this something they do for new account holders to see how they perform? Or does BofA just replace cards more often than other banks? My Discover and Amex are both 5 year cards. On another note, this card is really pretty! Has a metallic look to it that is very nice

Gardening until September 2025
Next app: Mortgage in September 2025

eddie84 · ‎07-17-2015

Mine are all 2 years also and I have TR, CR & BBR cards from them (been banking with them for 18 years). I guess you got the new CR in red. Love the new design. So much nicer than the old one.

Anonymous · ‎07-17-2015

Not sure. Sorry. I've been with them over 10 yrs. and have that one also. It does look metal! Love it! Could be why the shorter valid date? I would call or chat and ask them. Wouldn't hurt. They're really nice.

Anonymous · ‎07-17-2015

My stepfather has a card with BoA (not sure which one), and I believe it's also valid for 2 years. He's been a customer for about 5 years, though.

Meanwhile, my old Freedom card had a 3 year validation (2017), and I just got the chip version today- also 3 years (2018). I'm also a new account holder (just about to hit 1 year), so I can't say if either that is also Chase's way of testing the waters with new account holders, or if a card's lifespan simply depends on the lender.

Anonymous · ‎07-18-2015

Mine are two years with them. Amex I think is 5 years. Varies by lender.

Anonymous · ‎07-18-2015

I doubt it is to "test the waters" with new customers. If they decide they don't want you as a customer they can simply deactivate the card. It probably is just for security reasons.

morgacj2004 · ‎07-18-2015

I am a brand new B of A customer. Got my rewards Visa yesterday. Exp in 2 yrs

AX Hilton Aspire 20k, AX Bonvoy Brilliant 15k, AX BCP 2k, AX Blue Bus Cash 15k, AX Delta Air Platinum 49k, (AU) AX Delta Gold 15k, AX Amazon Prime Bus 25k, BC Uber 29k, AKUSA FCU -10k , CITI AAdvantage Exec World Elite MC 16.5k, Discover (2) 16k, Kohls-4k, VS Comenity $3k, BofA AK Air Siggy 9.8k, WF Propel AX 5k, JCP $10k PFCU Plat Rewards Siggy 39.5k, PFCU Power Cash Rewards AX 10.5k, NFCU Flagship 50k, CLOC 15k, CITI Costco 9.5k, GAP VISA Synchrony $9k,Target MC 9k, Ulta MC Comenity 9k, Pay Pal 1k, CO Venture One 23k, US Bank Radisson Rewards Signature 10k, US Bank Fred Meyers World MC, 11k, US Bank Plat VISA 15.7k, VS Comenity 2k, 240k total available credit. Utiliz-2%, Current FICO EQ-724, EX 763,TU 802 ,Chapt 7 BK D/C 11-2012. Starting scores 520-550

Anonymous · ‎07-18-2015

I'm a BofA customer for years and my MasterCard expires in 3 years from issue date. It's a bit annoying why every card company can't be like AmEx and give you 5-year cards, but look on the flip side, you'll get shiny new plastic every two years to replace your worn-out cards :-)

UFGuy2006 · ‎07-18-2015

Yep 2 years here on my two cards.

longtimelurker · ‎07-18-2015

@Anonymous wrote:
I doubt it is to "test the waters" with new customers. If they decide they don't want you as a customer they can simply deactivate the card. It probably is just for security reasons.

This! (Well. not the last part, as we've just agreed the cards can be deactivated anyway)

I don't know why the issuers differ so much, my guess would be that the "pretty new card" effect may be a factor. Issuers have to balance the cost of new cards against the impact getting a new card may have. It wouldn't surprise me if people start using a new card more (they may have forgotten the old one).