I have an auto engine replacement coming up soon on one of my 2 vehicles which is going to be North of $4k--and was going to pay cash but figured this might be a good opportunity to snag a decent SUB (although I'm kinda on the fence about taking on another card). And the BOA PR came to mind with the $500 SUB for $3k spend. Besides I like the idea of possibly earning 2.6 to 5.25% on certain purchases b/c I already have a $40k Cash 1-2-3 ( currently with a $4900 balance). I've read for the PR they like to see cash in a bank account with them besides a credit card--which I plan to remedy prior to app. Are there any other better SUBS out there for this amount of spend at the moment I should consider? Or any thoughts on this plan in general.
BUSINESS 
I think Vneture X is doing 100K SUB right now. If your profile supports that, might be a better option. BofA does like to see a relationship for PR but it is not necessary if your profile is strong.
@coldfusion wrote:I want to make sure that you realize that the 2.62-5.25% range of cashback you list is predicated on you having Preferred Rewards Platinum Honors or higher status. That requires you have at least $100K total in deposits or assets in BoA and/or Merrill.
Offhand, there is the Citi Premier with 60,000 bonus TYP for $3K spend, worth $600 if you redeem the TYP as cash, into a non-Citi checking/savings account works.
Thanks for the suggestion. I checked out the Citi Premier but the SUB I saw was 60,000 TYP for $4k spend. But I didn't know you can redeem them into a non-Citi checking acct. and get the full 1cpp--usually it's .5cpp. If so that's good news!
@coldfusion wrote:The conversion rate depends on the specific card - I know from experience that the Premier is at 1 cpp, I sweep out points fairly regularly because my TYP cards are linked under my Premier and my Sears MC is a very prolific TYP earner.
Citi has also improved the redemption time to the point where I can now put in a redemption during weekday business hours and have the ACH transfer post overnight with funds available the next business day in my BoA account.
This is the part I wanted to get clarification on. I have about 60k Sears MC TYPs at the moment myself--and the Premier (and possibly Double Cash) would make it a perfect combo at 1 cpp cash redemption. Thanks CF!
Just opened up both savings and checking accounts with B of A last week and today made enough of a deposit to qualify as a gold preferred rewards member 3 mos. down the road. The banker suggested I apply for the 1.5% Unlimited Cash Rewards card--but I told her I wanted to hold out and app for the Premium Rewards instead later on. I'm sure this question may have been asked before but I'll ask again: Once you make the SUB is there any point to having the above mentioned card for longer than a year if you don't travel much or if you have other cards that earn a slightly better travel point percentage? (I also kind of wanted to app this card b/c I hear it's so tough to get--the thrill of the chase.)
