topic Re: Question about IU BankAmericard Cash Creditcard in Credit Card Applications

Question about IU BankAmericard Cash Creditcard

Anonymous514 — Sat, 23 Jan 2016 17:34:29 GMT

So I am 20. I am planning on going to Indiana University Purdue University Indiananapilis. I did some googleing for a credit card offered through BoA. It is the IUAA BankAmericard Cash Rewards™ Visa® credit card. It is the BoA Cash Rewards except college branded. If I get this card eventually can it be changed to a regular looking BoA Cash Rewards design?

Re: Question about IU BankAmericard Cash Creditcard

CreditUnionFan — Sun, 24 Jan 2016 13:01:53 GMT

@bigalkescott514 wrote:
So I am 20. I am planning on going to Indiana University Purdue University Indiananapilis. I did some googleing for a credit card offered through BoA. It is the IUAA BankAmericard Cash Rewards™ Visa® credit card. It is the BoA Cash Rewards except college branded. If I get this card eventually can it be changed to a regular looking BoA Cash Rewards design?

Short Answer: Probably, but does it matter? (if there's no annual fee and the benefits are the same, why change?)

Sometimes having the different appearance on the card is advantageous. The BoA Cash Rewards card offers 3% on gas, 2% on groceries, but the increased rebate is capped at $1500 per quarter.

BoA's Susan Komen card offers similar benefits as the Cash Rewards card. If you carry that version, the sponsoring organization gets a small bonus when you open the account, and some ongoing bonus as well. The APR may be slightly higher, but if you don't carry a balance, the APR doesn't matter much, and the sponsoring organization gets some ongoing assistance.

So I have a CR MC, a CR Visa, and the MLB MC... the benefits are similar, but the different appearance makes it easy to track which account has the spend remaining. I recently added Suntrust's MC to the mix, so I have the uncapped 2% on groceries, but it's often nice to have a backup card. (or 50, lol)

There's even an offer floating around for their ABA and AICPA cards that have the same bnefits, with a $175 account opening bonus. My fingers are feeling itchy.

Re: Question about IU BankAmericard Cash Creditcard

Anonymous514 — Sun, 24 Jan 2016 13:22:54 GMT

I don't want to have an IU branded card after I'm done with college though. But after I'm done with it I can't Just close it to get the actual BOA design because it will be 4 years old or older by then because I'm planning to start in the fall. Fingers crossed on good test scores this week so I can get an acceptance letter!

Re: Question about IU BankAmericard Cash Creditcard

CreditUnionFan — Sun, 24 Jan 2016 13:38:16 GMT

@bigalkescott514 wrote:
I don't want to have an IU branded card after I'm done with college though. But after I'm done with it I can't Just close it to get the actual BOA design because it will be 4 years old or older by then because I'm planning to start in the fall. Fingers crossed on good test scores this week so I can get an acceptance letter!

You probably can do a Product Conversion (PC), but the bank's policies may change in between now and then. One of my oldest BoA cards started as an Emerald MC, no longer offered, and was PC'd to the Cash Rewards.

(People have wanted to PC to BoA's BBR because it used to be allowed, but most recent attempts are denied. Citi has put PCs on hold for the last few months as well.)

Good luck with the test scores!

Re: Question about IU BankAmericard Cash Creditcard

Anonymous514 — Sun, 24 Jan 2016 15:02:35 GMT

Thanks! I'm gonna be studying all day after work everyday!