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Better Balance Rewards

xvassagox
New Contributor

Better Balance Rewards

Just got a letter in the mail that said they're discontinuing my BBR card and replacing it with the Unlimited Cash Rewards on May 16th. Last quarterly reward will be paid in April but they said if I continue to make qualifying payments from April 1 to May 15, they will reward me with a one-time statement credit of $20.

 

Well, it was good while it lasted. Paid for my Spotify/Hulu promo subscription.


Sock Drawered -
Equifax Bankcard 8 - 830 - 4/21 | Experian Score 8 - 812 - 5/26 | TransUnion Score 8 - 810 - 5/1
Message 1 of 13
12 REPLIES 12
celluloid17
Established Contributor

Re: Better Balance Rewards

I received this letter as well.  I've had the card since April 2014 and it's basically just had a few recurring streaming service payments in order to qualify for the quarterly bonuses.  I'm surprised they maintained the card structure for as long as they did considering it's been obsolete since 2016(?).  

 

I'm probably going to keep it active for the one time statement credit and then close it.  It's my only BOA card and I have no other relationship with them and the limit has always been low, so it's not a terrible loss for me, but it was an easy $100 a year that I will miss.

Message 2 of 13
xenon3030
Established Contributor

Re: Better Balance Rewards

The unlimited Cash Rewards card has a sub-set rewards structure of the Premium Rewards card. Since both have unlimited 1.5% rewards, having only one of them is sufficient for me. I see whether I can PC it to a CCR, after receiving the Q1 bonus.


Fico8: EX~EQ~TU~810 (12 month goal~840).
BOA (Custom Cash Rewards, Better Cash Rewards, Premium Rewards), Chase (CFF, CSP, Amazon), US Bank (Cash+, Altitude Go,Ralphs), Affinity CR, Discover, Citi (Premier/SYW), Amex (BCE, HH), Walmart/Cap1, Barclay View.
Message 3 of 13
Oxford77
New Member

Re: Better Balance Rewards

I wonder how receptive they'll be to a product change from their Unlimited Cash Rewards card to their Customized Cash Rewards card.  Anybody have any experience doing a PC with BoA? 

Message 4 of 13
acreditdummy123
Regular Contributor

Re: Better Balance Rewards

O_O RIP

❤️ Am a peaceful, positive person. Credit scores: Amazing. AAoA: Superb. No lates. No delinquencies.

The past is the past. I'm a completely new person now as of 3/6/23
Message 5 of 13
_ptatohed
Established Contributor

Re: Better Balance Rewards

I've long lamented not getting this card.  An easy $100 - $120 per year.  It was a good run for some of you.  RIP.  

5% CB rotating: ; Everyday 3% CB: ; Everyday 5%: ; Retired to sock drawer after AOD: ; On my radar: ; No hope:
Message 6 of 13
coldfusion
Community Leader
Mega Contributor

Re: Better Balance Rewards


@Oxford77 wrote:

I wonder how receptive they'll be to a product change from their Unlimited Cash Rewards card to their Customized Cash Rewards card.  Anybody have any experience doing a PC with BoA? 


In general you just call a BoA customer service rep and tell them that you want to do a product change. They can process it for you while you're on the phone.

 

When the BoA/MLB relationship dissolved BoA replaced some MLB cards with Unlimited Cash Rewards cards and some of those cardholders were denied requests to change theirs to a CCR.  We'll have to wait and see and collect data points to learn if history will repeat itself.

(2/2023)
FICO 8 (EX) 833 (TU) 839 (EQ) 840
FICO 9 (EX) 843 (TU) 850 (EQ) 850

$1M+ club

Artist formerly known as the_old_curmudgeon who was formerly known as coldfusion
Message 7 of 13
xenon3030
Established Contributor

Re: Better Balance Rewards

What is the maximum number of CCR cards that a person can have?


Fico8: EX~EQ~TU~810 (12 month goal~840).
BOA (Custom Cash Rewards, Better Cash Rewards, Premium Rewards), Chase (CFF, CSP, Amazon), US Bank (Cash+, Altitude Go,Ralphs), Affinity CR, Discover, Citi (Premier/SYW), Amex (BCE, HH), Walmart/Cap1, Barclay View.
Message 8 of 13
CreditCuriosity
Moderator Emeritus

BofA BBR forced conversion 5/16/23 to 1.5% card

Subject says it.. Saw on DOC

 

https://www.doctorofcredit.com/bank-of-america-better-balance-rewards-cards-being-converted/

NFCU Platinum 50k | NFCU More Rewards 30k | BofA Merrill+ 45k | BofA Premium Rewards 25k | Affinity FCU Cash Rewards 22.5K | CSP 40k | Chase Amazon Visa 20k | Chase Freedom Flex 5k | Chase IHG 1k | Chase Ritz 20k | AOD FCU 20k | FNBO Duck Unlimited 25k | PNC Cash Rewards 22.5k | Citi Premier 14k | Citi Custom Cash 31k | US Bank Alt Connect 20k | Union Bank Cash Rewards 15.5k | SECU 20k | Discover 20k | William Sonoma Visa 35k | Farm Bureau 18.5k | Synovus Cash Rewards 18.5k | Regions Cash 14k | TD Cash 6k | Penfed Cash Rewards 30k | Penfed Pathfinder 20k | 5/3rd Trio 10K | BMO Harris Cash 18.5k | Barclay's Red AA 22k | MFCU 20k | Amex Business Cash 30k | Amex Business Prime 20k | Amex Delta Business Platinum 10k | AMEX BBP 15k
Message 9 of 13
UncleB
Credit Mentor

Re: BofA BBR forced conversion 5/16/23 to 1.5% card

I'm not totally shocked, since it was a really good deal - good enough for me to have two of 'em. Smiley Embarassed

 

Hopefully a PC to a CCB will be possible, otherwise I'll probably hang on to mine for the BT deals (usually 15-18 months 0% for 3% fee).

Message 10 of 13
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