topic Re: BofA BankAmericard PC to Premium Rewards possible? in Credit Cards

BofA BankAmericard PC to Premium Rewards possible? Update: Success!

Anonymous — Sun, 22 Apr 2018 03:34:53 GMT

Hey guys, I was at the bank last Friday and the teller told me that I qualify to app for the Premium Rewards card. I am now wondering if instead of applying for a new card, I could just call in to ask for a PC? I have the BankAmericard with no rewards at all, dusting inside my wallet. Maybe I could PC that and pay the AF? Possible? Comments? Suggestions?
Thanks.

Re: BofA BankAmericard PC to Premium Rewards possible?

Anonymous — Sun, 08 Apr 2018 17:45:36 GMT

I've asked this question a couple of times and nobody seemed to know the answer.

Re: BofA BankAmericard PC to Premium Rewards possible?

Anonymous — Mon, 09 Apr 2018 00:20:10 GMT

Why would you possibly want to do that? You would be losing out on the 500 dollar sign up bonus.

Re: BofA BankAmericard PC to Premium Rewards possible?

trant3 — Mon, 09 Apr 2018 02:15:12 GMT

Yes you can PC to the Premium card. Two things to note: your BankAmericard must have at least $5k limit since the Premium card is a VS and don’t be misled by the service reps when they tell you know, it is possible

Re: BofA BankAmericard PC to Premium Rewards possible?

Anonymous — Mon, 09 Apr 2018 02:32:22 GMT

Also BOA will do a HP so if you really think it's worth it go ahead.

Re: BofA BankAmericard PC to Premium Rewards possible?

Anonymous — Mon, 09 Apr 2018 02:51:45 GMT

If it’s a HP either way, it makes sense to app for the Premium Rewards for the SUB and likely higher CL.

If approved, you can keep the other card or move the CL. It might be worth it to keep the line as typically the card you have has a lower interest rate.

Good luck.

Re: BofA BankAmericard PC to Premium Rewards possible?

Anonymous — Mon, 09 Apr 2018 11:11:04 GMT

@Anonymous wrote:
Also BOA will do a HP so if you really think it's worth it go ahead.

Do not feed people false information. Thank you.

Re: BofA BankAmericard PC to Premium Rewards possible?

kdm31091 — Mon, 09 Apr 2018 11:15:51 GMT

BOA will not do a HP for a product change.

Re: BofA BankAmericard PC to Premium Rewards possible?

Anonymous — Mon, 09 Apr 2018 12:25:09 GMT

@trant3 wrote:
Yes you can PC to the Premium card. Two things to note: your BankAmericard must have at least $5k limit since the Premium card is a VS and don’t be misled by the service reps when they tell you know, it is possible

I don't know about the Premium Rewards but I was able to PC my $500 limit Platinum Plus Mastercard to the Cash Rewards. They simply issued it as a Platinum Plus Mastercard rather than the World Mastercard (basically the same as Visa Signature).

Also, the $5k minimum for VS/WMC I think is just for new cards (and maybe product changes). I was able to CLD my Rewards VS to $2k and it's still a VS.

Re: BofA BankAmericard PC to Premium Rewards possible?

Anonymous — Mon, 09 Apr 2018 20:07:03 GMT

Thinking back to last year, I PCed a legacy M&T Bank World Points (purchased by BoA) that turned into a BoA Platinum Plus card into a Cash Rewards card. There was no HP. @mountakndewvoltage and @kdm31091 are correct.

Re: BofA BankAmericard PC to Premium Rewards possible?

Anonymous — Tue, 10 Apr 2018 02:25:40 GMT

Thanks. I currently have $5400 as my limit so hopefully I can PC. Calling them now and will update you guys. Wish me luck!

Re: BofA BankAmericard PC to Premium Rewards possible?

Anonymous — Tue, 10 Apr 2018 03:02:37 GMT

Any update did they do it?

Re: BofA BankAmericard PC to Premium Rewards possible?

CreditCuriosity — Tue, 10 Apr 2018 03:11:30 GMT

Agree giving up 500 dollar SUB is big, but if you have 100k in assets in ML/BofA then certainly possibly could be worth it to PC to this card if can't get it with the sub for whatever reason. BofA PC's take FOREVER like 2-4 weeks which I was told recently on my BBR that I never had BT offers for so just closed it as didn't care for the regular APR and the 3-2-1 card was nothing exciting either which i was thinking about pc'ing to.

Re: BofA BankAmericard PC to Premium Rewards possible?

Anonymous — Tue, 10 Apr 2018 03:13:00 GMT

Well, I just got off the phone with a representative and she said that they do not really offer a product change to the premium rewards, however, since I was nice and patient, she'll see what she can do. After a brief hold, she said she put in the request and read to me the disclosures... annual fee of $95, no sign up bonus since its a PC, etc..., Asked me if I agree to all of the disclosures and I said yes, of course... Here's kicker though, after that she said that I should wait for the "decision" within 10 days... So i'm still hanging if its a yes or a no... Oh well... Gave me a case number and a number to call in case I don't hear anything after 4 weeks.

Good thing she said that it won't give me a hard pull since it is a PC and not a new app. I'll update you guys in 10 days. Hopefully its good news!

Re: BofA BankAmericard PC to Premium Rewards possible?

Anonymous — Tue, 10 Apr 2018 03:17:21 GMT

@CreditCuriosity Though I agree 100% on giving up $500 SUB, i feel like in the long run, it will be a good move since my BankAmericard is not earning me any points at all.

Re: BofA BankAmericard PC to Premium Rewards possible?

Anonymous — Tue, 10 Apr 2018 14:55:42 GMT

@Anonymous wrote:
Well, I just got off the phone with a representative and she said that they do not really offer a product change to the premium rewards, however, since I was nice and patient, she'll see what she can do. After a brief hold, she said she put in the request and read to me the disclosures... annual fee of $95, no sign up bonus since its a PC, etc..., Asked me if I agree to all of the disclosures and I said yes, of course... Here's kicker though, after that she said that I should wait for the "decision" within 10 days... So i'm still hanging if its a yes or a no... Oh well... Gave me a case number and a number to call in case I don't hear anything after 4 weeks.

Good thing she said that it won't give me a hard pull since it is a PC and not a new app. I'll update you guys in 10 days. Hopefully its good news!

Why are you throwing 500 dollars away?

Re: BofA BankAmericard PC to Premium Rewards possible?

Anonymous — Sun, 22 Apr 2018 03:33:22 GMT

Update: My request for a PC has been approved. Got the letter today dated April 13. It said the change will take effect on May 27, 2018. Now, the wait for the new card begins.