BoA Better Balance Rewards

[Anonymous]

What's the minimum charge each month to qualify for $25 each quarter?  Seems like an easy way to make $100...

[Anonymous]

Also, do you have to let the statement post with a balance and therefore accrue interest, in order to be eligible?  Or can you charge something once a cycle and then PIF the next day?

[Kenny]

You have to make a balance report each statement otherwise you will not get the 25 per quarter.

I just let mine report a very small balance since I have other balances that report that I can't pay off right now.

[Anonymous]

Is there a minimum interest charge?  If not, you could just leave a $0.01 balance.

[Kenny]

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@Anonymous wrote:

Is there a minimum interest charge?  If not, you could just leave a $0.01 balance.

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I looked back at my statements and I didn't have anything reporting as accrued. A balance is a balance whether it's 0.01 or 1.00 or 10.00 or 100.00. So doesn't really matter to me, it's just a PIF card IMO.

[Themanwhocan]

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@Anonymous wrote:

Also, do you have to let the statement post with a balance and therefore accrue interest, in order to be eligible?  Or can you charge something once a cycle and then PIF the next day?

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You do not pay interest when a statement posts a balance. The due date for a credit card is several weeks after the statement posts.

So you should be able to set the card to pay in full if you like.

[Anonymous]

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@Themanwhocan wrote:

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@Anonymous wrote:

Also, do you have to let the statement post with a balance and therefore accrue interest, in order to be eligible?  Or can you charge something once a cycle and then PIF the next day?

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You do not pay interest when a statement posts a balance. The due date for a credit card is several weeks after the statement posts.

So you should be able to set the card to pay in full if you like.

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How do you figure out the day the statement posts?

[Themanwhocan]

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@Anonymous wrote:

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@Themanwhocan wrote:

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@Anonymous wrote:

Also, do you have to let the statement post with a balance and therefore accrue interest, in order to be eligible?  Or can you charge something once a cycle and then PIF the next day?

---

You do not pay interest when a statement posts a balance. The due date for a credit card is several weeks after the statement posts.

So you should be able to set the card to pay in full if you like.

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How do you figure out the day the statement posts?

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You wait for a statement to post. The date will be on it

Like I said, you have almost a month after the statement posts before it must be paid, so you could check online once a week and still catch it weeks before it was due.

[Anonymous]

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@Themanwhocan wrote:

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@Anonymous wrote:

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@Themanwhocan wrote:

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@Anonymous wrote:

Also, do you have to let the statement post with a balance and therefore accrue interest, in order to be eligible?  Or can you charge something once a cycle and then PIF the next day?

---

You do not pay interest when a statement posts a balance. The due date for a credit card is several weeks after the statement posts.

So you should be able to set the card to pay in full if you like.

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How do you figure out the day the statement posts?

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You wait for a statement to post. The date will be on it

Like I said, you have almost a month after the statement posts before it must be paid, so you could check online once a week and still catch it weeks before it was due.

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Looks like I'm leaving the garden that I've only been in for 1 week   Thank you.

[Anonymous]

Also, I'm guessing that PIF counts as paying more than the minimum due even if the minimum due is the full balance, right?