topic Re: End BOA Better Balance Rewards Confusion - Once & For All! in Credit Cards

End BOA Better Balance Rewards Confusion - Once & For All!

Anonymous — Wed, 09 Mar 2016 15:09:20 GMT

Hi Everyone!

So I recently got the BBR card from BOA and I read a lot of threads and there seems to be more confusion then answers about the topic. Can anyone conirm how to exactly receive the $25 quartely bonus?

From my understanding:

1. A charge of $5 or more must be placed on bill every month

2. The Charge can be paid in full or more than the minimum stated

3. The charge can be paid on the due date - (you can set up auto-pay).

Can anyone let me know if i'm missing anything or have something wrong? Thanks

Re: End BOA Better Balance Rewards Confusion - Once & For All!

Anonymous — Wed, 09 Mar 2016 15:25:03 GMT

@Anonymous wrote:
Hi Everyone!

So I recently got the BBR card from BOA and I read a lot of threads and there seems to be more confusion then answers about the topic. Can anyone conirm how to exactly receive the $25 quartely bonus?

From my understanding:

1. A charge of $5 or more must be placed on bill every month
2. The Charge can be paid in full or more than the minimum stated
3. The charge can be paid on the due date - (you can set up auto-pay).

Can anyone let me know if i'm missing anything or have something wrong? Thanks

No confusion here.

1. There is no minimum amount you need to charge every month, though some have reported having small amounts (maybe $1 or $1.49) being written off, so it's probably best to charge more than that.

2. Correct.

3. Correct.

I will note that while you don't need to carry a balance, it is necessary to let the balance report, i.e. don't pay off the card before the statement cuts. If you just set it up to autopay the full statement balance on the due date, then you'll be fine.

Chris.

Re: End BOA Better Balance Rewards Confusion - Once & For All!

Anonymous — Wed, 09 Mar 2016 15:28:20 GMT

@Anonymous wrote:
@Anonymous wrote:
Hi Everyone!

So I recently got the BBR card from BOA and I read a lot of threads and there seems to be more confusion then answers about the topic. Can anyone conirm how to exactly receive the $25 quartely bonus?

From my understanding:

1. A charge of $5 or more must be placed on bill every month
2. The Charge can be paid in full or more than the minimum stated
3. The charge can be paid on the due date - (you can set up auto-pay).

Can anyone let me know if i'm missing anything or have something wrong? Thanks
No confusion here.

1. There is no minimum amount you need to charge every month, though some have reported having small amounts (maybe $1 or $1.49) being written off, so it's probably best to charge more than that.
2. Correct.
3. Correct.

I will note that while you don't need to carry a balance, it is necessary to let the balance report, i.e. don't pay off the card before the statement cuts. If you just set it up to autopay the full statement balance on the due date, then you'll be fine.

Chris.

Thank you

Re: End BOA Better Balance Rewards Confusion - Once & For All!

lexandra90 — Wed, 09 Mar 2016 15:54:27 GMT

was wondering this too, so if i charge $50 and my min of $25 is due on the 25th of the month then I can pay the whole $50 on the 25th and still get the bonus??

Re: End BOA Better Balance Rewards Confusion - Once & For All!

Anonymous — Wed, 09 Mar 2016 16:11:11 GMT

apparently, yes. Just don't pay BEFORE the due date, pay ON and if you like to pay in full pay in full and if not, pay more than the statement balance min. payment amout.

@lexandra90 wrote:
was wondering this too, so if i charge $50 and my min of $25 is due on the 25th of the month then I can pay the whole $50 on the 25th and still get the bonus??

Re: End BOA Better Balance Rewards Confusion - Once & For All!

UncleB — Wed, 09 Mar 2016 16:55:57 GMT

@Anonymous wrote:
apparently, yes. Just don't pay BEFORE the due date, pay ON and if you like to pay in full pay in full and if not, pay more than the statement balance min. payment amout.
@lexandra90 wrote:
was wondering this too, so if i charge $50 and my min of $25 is due on the 25th of the month then I can pay the whole $50 on the 25th and still get the bonus??

OK, now I've got a question... is it required to wait until the actual due date to pay?

I thought as long as a statement generated with a balance you were fine. Personally I don't ever like to pay exactly on a due date, since if anything at all goes wrong you're 'late', with all the repurcussions that go with it.

Re: End BOA Better Balance Rewards Confusion - Once & For All!

Anonymous — Wed, 09 Mar 2016 17:11:32 GMT

@UncleB wrote:
@Anonymous wrote:
apparently, yes. Just don't pay BEFORE the due date, pay ON and if you like to pay in full pay in full and if not, pay more than the statement balance min. payment amout.
@lexandra90 wrote:
was wondering this too, so if i charge $50 and my min of $25 is due on the 25th of the month then I can pay the whole $50 on the 25th and still get the bonus??

OK, now I've got a question... is it required to wait until the actual due date to pay?

I thought as long as a statement generated with a balance you were fine. Personally I don't ever like to pay exactly on a due date, since if anything at all goes wrong you're 'late', with all the repurcussions that go with it.

I think as long as the statement generates you are fine. So once the statement is generated go and give BOA you monies! lol

Re: End BOA Better Balance Rewards Confusion - Once & For All!

ojefferyo — Wed, 09 Mar 2016 17:24:39 GMT

@Anonymous wrote:
apparently, yes. Just don't pay BEFORE the due date, pay ON and if you like to pay in full pay in full and if not, pay more than the statement balance min. payment amout.
@lexandra90 wrote:
was wondering this too, so if i charge $50 and my min of $25 is due on the 25th of the month then I can pay the whole $50 on the 25th and still get the bonus??

I always pay before the due date and have always gotten my bonus.

Re: End BOA Better Balance Rewards Confusion - Once & For All!

Anonymous — Wed, 09 Mar 2016 18:51:06 GMT

@ojefferyo wrote:
@Anonymous wrote:
apparently, yes. Just don't pay BEFORE the due date, pay ON and if you like to pay in full pay in full and if not, pay more than the statement balance min. payment amout.
@lexandra90 wrote:
was wondering this too, so if i charge $50 and my min of $25 is due on the 25th of the month then I can pay the whole $50 on the 25th and still get the bonus??

I always pay before the due date and have always gotten my bonus.

Yes, me too. When you pay the balance is irrelevant. You can pay before the due date or on the due date, but the payment must be made after the statement cuts with a balance. Ideally your payment would be for the full statement balance so you can avoid any interest.

Then, all you have to do is make another charge so that a balance will report on the next statement.

Re: End BOA Better Balance Rewards Confusion - Once & For All!

Anonymous — Thu, 10 Mar 2016 14:44:03 GMT

Can anyone confirm if you get Bank Ameri Deals with BBR?

Re: End BOA Better Balance Rewards Confusion - Once & For All!

Anonymous — Thu, 10 Mar 2016 16:08:40 GMT

@Anonymous wrote:
Can anyone confirm if you get Bank Ameri Deals with BBR?

Yes!

Re: End BOA Better Balance Rewards Confusion - Once & For All!

ojefferyo — Thu, 10 Mar 2016 17:48:57 GMT

Yup you can

Re: End BOA Better Balance Rewards Confusion - Once & For All!

Anonymous — Thu, 10 Mar 2016 19:30:44 GMT

here's the BBR official Program Rules. saw it from a recent BBR thread. credit @tel12

https://www.managerewardsonline.fiacardservices.com/cms/published/root/dcb/PDF/BAC_BetterBalance_PR.pdf

after reading the pdf, i just realized i could have applied in february (mid-cycle) and i still would have gotten the 'jan-march' quarter bonus. tsk! smh!

New Customer
If your account was opened after the start of a new calendar quarter, you can still earn a
Quarterly Cash Reward for that quarter as long as all the payments you make within that
quarter are Qualifying Payments. After that you must make three payments within a quarter
as described above to be eligible for a Quarterly Cash Reward.

Qualifying Payment — A monthly payment
received on or before the Due Date, which
is more than the Minimum Payment due;
a payment in full received on or before the
Due Date is a Qualifying Payment

----

here's another noteworthy info: especially if you have a bank account with BoA. *i already set up mine! don't want a positive credit on my BBR as i only intend to use it for netflix $7.99 charge.

How do I receive my Quarterly
Cash Rewards?
When you qualify for a Quarterly Cash
Reward, we’ll automatically issue it in the
form of a statement credit to your Card
account. You can also choose to have it
deposited directly into a Bank of America
checking or savings account, or a
Merrill Lynch Cash Management Account.
To automatically issue your reward to a
deposit account:

• Go to the bankofamerica.com/
betterbalancerewards Site, and follow
the instructions.
• Make this request at least 15 days prior
to the last day of a calendar quarter.
• Your payment election will remain as
selected unless the electronic deposit
fails. If this occurs, the payment will default
to a statement credit to your Card account
until further action is taken by you.

Re: End BOA Better Balance Rewards Confusion - Once & For All!

Anonymous — Fri, 11 Mar 2016 11:31:14 GMT

@Anonymous wrote:
Can anyone confirm if you get Bank Ameri Deals with BBR?

Yes.

Re: End BOA Better Balance Rewards Confusion - Once & For All!

jeffery581 — Fri, 11 Mar 2016 13:15:32 GMT

I am confused about this card as well. How do I get the $25 bonus without carrying a balance and getting charged interest?

Re: End BOA Better Balance Rewards Confusion - Once & For All!

Anonymous — Fri, 11 Mar 2016 15:47:57 GMT

@jeffery581 wrote:
I am confused about this card as well. How do I get the $25 bonus without carrying a balance and getting charged interest?

pay it in full! but the key is making sure that there's actually a balance to be paid.

Re: End BOA Better Balance Rewards Confusion - Once & For All!

Anonymous — Fri, 11 Mar 2016 21:01:32 GMT

@Anonymous wrote:
@jeffery581 wrote:
I am confused about this card as well. How do I get the $25 bonus without carrying a balance and getting charged interest?
pay it in full! but the key is making sure that there's actually a balance to be paid.

Indeed. As an example, let's say your BBR statement cuts on the last day of the month and your payments are due on the 25th of the following month. Assuming you don't have a promotional 0% APR, you would be eligible to earn the bonus and not any pay interest doing it if and only if you PIF any time between the 1st and the 25th, the "grace period." This is actually relatively easy to do, as the grace period is a pretty long length of time.

Re: End BOA Better Balance Rewards Confusion - Once & For All!

Anonymous — Sat, 12 Mar 2016 02:41:39 GMT

My statement date closes on the eighth of each month with a statement balance (and minimum due) of $4, and a due date of the first of the following month.

On the fifteenth of each month, I have Amazon allowance monthly charged to the account of $5. (Total balance $9)

On the 22nd of each month, I have a scheduled push payment from my bank of $5 (which is more than the minimum due, and is well before the due date).

Works well enough so far, have 30 dollars x2 in my boa savings account to since card opening