topic Re: BofA BBR Card Reward Question in Credit Cards

BofA BBR Card Reward Question

waynes1982 — Sat, 28 Mar 2015 21:17:20 GMT

Hey Everyone!

I opened up the Bank of America Better Balance Rewards card in January, my first statement cut in February with a balance of $207.56, paid balance in full, made a charge in February, and March bill cut, paid in full, I'll have a charge this month and will pay in full in April. Will I be qualified for the $30 quarterly bonus since I'm a Bank of America checking account holder?

Thanks for your help!

Re: BofA BBR Card Reward Question

Anonymous — Sun, 29 Mar 2015 00:01:29 GMT

Would be interesting in knowing how this works as well. I have the 123 card that I was thinking of PCing since I only use this card for a monthly reoccurring charge to keep open and active. $100/year ($120/year if xfered to BoA account) is a lot better than my current $0.30 projected earnings.

Re: BofA BBR Card Reward Question

Themanwhocan — Sun, 29 Mar 2015 00:11:34 GMT

@waynes1982 wrote:
Hey Everyone!

I opened up the Bank of America Better Balance Rewards card in January, my first statement cut in February with a balance of $207.56, paid balance in full, made a charge in February, and March bill cut, paid in full, I'll have a charge this month and will pay in full in April. Will I be qualified for the $30 quarterly bonus since I'm a Bank of America checking account holder?

Thanks for your help!

My understanding is that you get paid after the end of each quarter, and that it is possible to get the first quarter payment with less than 3 full monthly payments. Just like in this diagram.

Re: BofA BBR Card Reward Question

Anonymous — Sun, 29 Mar 2015 00:29:56 GMT

@Anonymous wrote:
Would be interesting in knowing how this works as well. I have the 123 card that I was thinking of PCing since I only use this card for a monthly reoccurring charge to keep open and active. $100/year ($120/year if xfered to BoA account) is a lot better than my current $0.30 projected earnings.

You can't PC to a BBR card at all. Only new applications.

Re: BofA BBR Card Reward Question

Anonymous — Sun, 29 Mar 2015 02:12:39 GMT

@waynes1982 wrote:
Hey Everyone!

I opened up the Bank of America Better Balance Rewards card in January, my first statement cut in February with a balance of $207.56, paid balance in full, made a charge in February, and March bill cut, paid in full, I'll have a charge this month and will pay in full in April. Will I be qualified for the $30 quarterly bonus since I'm a Bank of America checking account holder?

Thanks for your help!

You will only get the $30 if you have the rewards set up to be direct deposited into a Bank of America account. If you deposit it to another bank or use the statement credit option, you will get $25. You have to choose ahead of time on the Bank of America website. You should see a link that says something like "Manage Rewards Preferences."

Re: BofA BBR Card Reward Question

waynes1982 — Sun, 05 Apr 2015 22:57:08 GMT

@Anonymous wrote:
@waynes1982 wrote:
Hey Everyone!

I opened up the Bank of America Better Balance Rewards card in January, my first statement cut in February with a balance of $207.56, paid balance in full, made a charge in February, and March bill cut, paid in full, I'll have a charge this month and will pay in full in April. Will I be qualified for the $30 quarterly bonus since I'm a Bank of America checking account holder?

Thanks for your help!
You will only get the $30 if you have the rewards set up to be direct deposited into a Bank of America account. If you deposit it to another bank or use the statement credit option, you will get $25. You have to choose ahead of time on the Bank of America website. You should see a link that says something like "Manage Rewards Preferences."

I set it up to go into my Bank of America checking account, does anyone know when the rewards get sent to the account?

Re: BofA BBR Card Reward Question

TrulyyBlessed — Sun, 05 Apr 2015 23:10:09 GMT

@waynes1982 wrote:
@Anonymous wrote:
@waynes1982 wrote:
Hey Everyone!

I opened up the Bank of America Better Balance Rewards card in January, my first statement cut in February with a balance of $207.56, paid balance in full, made a charge in February, and March bill cut, paid in full, I'll have a charge this month and will pay in full in April. Will I be qualified for the $30 quarterly bonus since I'm a Bank of America checking account holder?

Thanks for your help!
You will only get the $30 if you have the rewards set up to be direct deposited into a Bank of America account. If you deposit it to another bank or use the statement credit option, you will get $25. You have to choose ahead of time on the Bank of America website. You should see a link that says something like "Manage Rewards Preferences."
I set it up to go into my Bank of America checking account, does anyone know when the rewards get sent to the account?

It probably varies per person, but my funds are deposited on either the 6th or 14th of the month.

Re: BofA BBR Card Reward Question

Anonymous — Mon, 06 Apr 2015 02:23:08 GMT

@Anonymous wrote:
@Anonymous wrote:
Would be interesting in knowing how this works as well. I have the 123 card that I was thinking of PCing since I only use this card for a monthly reoccurring charge to keep open and active. $100/year ($120/year if xfered to BoA account) is a lot better than my current $0.30 projected earnings.
You can't PC to a BBR card at all. Only new applications.

I disagree with your statement, I PCed my 123 Cash Rewards to a BBR, it was a simple process.

Re: BofA BBR Card Reward Question

nightglider — Mon, 06 Apr 2015 02:26:43 GMT

The rule against PC'ing to a BBR was only established about a year ago, possibly more recently.

Re: BofA BBR Card Reward Question

Anonymous — Mon, 06 Apr 2015 02:40:33 GMT

@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
Would be interesting in knowing how this works as well. I have the 123 card that I was thinking of PCing since I only use this card for a monthly reoccurring charge to keep open and active. $100/year ($120/year if xfered to BoA account) is a lot better than my current $0.30 projected earnings.
You can't PC to a BBR card at all. Only new applications.
I disagree with your statement, I PCed my 123 Cash Rewards to a BBR, it was a simple process.

did you PC a month ago?

Re: BofA BBR Card Reward Question

Anonymous — Mon, 06 Apr 2015 21:06:44 GMT

After missing a charge to the BBR in November I'm now about to receive my 2nd "incentive" payment and the 1st one with the bonus for redeeming into a BofA checking account. Curious to see when it'll post, too. To not make this happen again I've set up a recurring membership fee of $5/m via Paypal to be charged to this card...

Update: bonus has posted today 4/6/15 - $30 as expected. Who said there's no such thing as a free lunch? Nice to receive money for doing virtually nothing ;-)