BoA/ML -- what's their most elite card?

[cmm89]

The subject pretty much asks everything you need to know, but I'm curious as to what BoA/ML's highest end card is? I have a relationship with them and this will be my end goal card to get, depending on the rewards offered (or so I say). I'm in the garden for a year, so it won't be any time soon... but I want to read up on some data points and reviews. I've read of some cards that are no longer offered, perhaps the BoA Accolades Amex?

Thanks!

[AverageJoesCredit]

I would imagine the elite of their cards is whatever card suits your purpose or need. Someone can have a BBR with a massive limit and consider that Elite while someone with a Travel Rewards who use the benefits to their liking may consider that Elite.

[UncleB]

Right now most BoA offers are rather average, with the possible exception of the Merrill card that some might consider 'elite' (although after the sign up bonus it's rather average as well). 

That said, just a few days ago DoC reported a rumor that they might be coming out with a new premium offering:

http://www.doctorofcredit.com/rumor-bank-america-enter-premium-credit-card-market/

[cmm89]

Thanks for your guys' feedback.

Very obviously, the post was vain. I love my TW card. BoA is awesome.

I appreciate that no one explicitly threw shade at me for this absurd topic

EDIT: I would never pay an absurd AF to have a card I hardly use, but I really like my relationship w/ BoA/ML.

[UncleB]

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@cmm89 wrote:

Thanks for your guys' feedback.

Very obviously, the post was vain. I love my TW card. BoA is awesome.

I appreciate that no one explicitly threw shade at me for this absurd topic

EDIT: I would never pay an absurd AF to have a card I hardly use, but I really like my relationship w/ BoA/ML.

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It's not an absurd topic at all... I'm actually a big fan of BoA myself (they seem to like my modest profile... LOL). 

In my own case they have been extremely easy to do business with, and I look forward to seeing what they offer in the fall (assuming the rumor is true).  It might not be another CSR or Amex Platinum, but those cards aren't a fit for me anyway... depending on the offering they might have something that will be a perfect fit for many of us! 

[happypill]

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@UncleB wrote:

Right now most BoA offers are rather average, with the possible exception of the Merrill card that some might consider 'elite' (although after the sign up bonus it's rather average as well). 

That said, just a few days ago DoC reported a rumor that they might be coming out with a new premium offering:

http://www.doctorofcredit.com/rumor-bank-america-enter-premium-credit-card-market/

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I saw that as well and I'm really looking forward to seeing what they come up with (if anything).  Hopefully it won't be another copycat type card and they can introduce something valuable and unique.

As far as what BofA has right now, none of their cards have really great sign-on bonuses or transfer partners.  If you have a significant relationship with them, however, their preferred rewards program is awesome with their travel rewards and cash rewards cards.  With a $100k relationship, there's a 75% bonus over the normal rewards.  The travel rewards card has 1.5% rewards normally, but with the 75% bonus it becomes 2.63% reward on everything, which hanidly beats anything else out there for general spend with no AF.  The cash rewards becomes 3.5% for grocery & wholesale clubs and 5.25% for gas, again with no AF.

So, with the right relationship, these cards offer some market leading rewards.  It depends on what you consider "elite", but these can be pretty awesome.

[Anonymous]

Currently getting 3.75% back on Gas with the Bofa Cash rewards, and like the above poster mentioned......its a no annual fee. I can't really think of any other cards that can offer me that right now.

I also did get a soilid sign up bonus which was $200 after $500 spend, this then becomes $250 once I reedem by being a customerr client. To me that's a decent sign up bonus compared to other cards doing $100-$150 with a higher spend requirement like $1000, etc.

[Gmood1]

@ Thegeekycreditguy, I use the Penfed Cash rewards in conjunction with a Shell fuel rewards card https://www.fuelrewards.com/shop-at-shell.html . Right now averaging 15 cents off a gallon by using them together..no fees for either. I have gotten 25 cents total. I've seen my GF hit around 75 cents a gallon off.

[Coolermaster007]

Visit their site once a yr still nothing good chase has better cards but bank itself is meh long lines in branches,no lines of credit ,no apr reductions,no student loans etc i need a bank with all of the above.

[Anonymous]

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@Gmood1 wrote:

@ Thegeekycreditguy, I use the Penfed Cash rewards in conjunction with a Shell fuel rewards card https://www.fuelrewards.com/shop-at-shell.html . Right now averaging 15 cents off a gallon by using them together..no fees for either. I have gotten 25 cents total. I've seen my GF hit around 75 cents a gallon off.

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Sounds like a good combo, but I prefer not to get a card that only can be used at a single place, and I have no shell around me lol. Just as a stand alone card the Bofa cash rewards is decent for me for gas right now.