I've been thinking about apping for the BoA Premium Rewards card and haven't pulled the trigger. The Merrill Lynch Visa is my only other BoA product. I think that I shouldn't have any probelm getting approved (AAoA is around 4.5 years - lots of accounts w/i the past 2-3 years). I curently use my CSR, Freedom, and Freedom Unlimited for 95% of all purchases. PIF every month.
I will likely be relocating to another area, yay promotions and will need to switch from NFCU (no branches there) to BoA or Chase. I'm too cheap to pay bank fees so either want BoA Platinum Preferred Rewards or Chase Private Client (not sure I'll qualify for PC). I am thinking about moving my IRA over to ML, so I'll be Platinum Preferred. The catch is ML's IRA fees - gosh, it is so much higher than Charles Schwab. Anyway, it'll bring my non bonus spend to 2.625% on the BoA Premium Rewards card vs 2.25% with FU and CSR. Plus, the 50k signup bonus.
I'd likely swtich from the FU for all non-bonus spend to the BoA Preferred Rewards and keep the CSR / Freedoom for bonus categories.
Anyone have the BoA Premium Rewards? Good experience? Opinions on BoA or Chase for overall banking products (cards/checking)?
