BofA BankAmericard PC to Premium Rewards possible? Update: Success!

[Anonymous]

Hey guys, I was at the bank last Friday and the teller told me that I qualify to app for the Premium Rewards card. I am now wondering if instead of applying for a new card, I could just call in to ask for a PC? I have the BankAmericard with no rewards at all, dusting inside my wallet. Maybe I could PC that and pay the AF? Possible? Comments? Suggestions?
Thanks.

[Anonymous]

I've asked this question a couple of times and nobody seemed to know the answer.

[Anonymous]

Why would you possibly want to do that?  You would be losing out on the 500 dollar sign up bonus.  

[trant3]

Yes you can PC to the Premium card. Two things to note: your BankAmericard must have at least $5k limit since the Premium card is a VS and don’t be misled by the service reps when they tell you know, it is possible

[Anonymous]

Also BOA will do a HP so if you really think it's worth it go ahead.

[Anonymous]

If it’s a HP either way, it makes sense to app for the Premium Rewards for the SUB and likely higher CL.

If approved, you can keep the other card or move the CL. It might be worth it to keep the line as typically the card you have has a lower interest rate. 

Good luck. 

[Anonymous]

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@Anonymous wrote:

Also BOA will do a HP so if you really think it's worth it go ahead.

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Do not feed people false information. Thank you. 

[kdm31091]

BOA will not do a HP for a product change.

[Anonymous]

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@trant3 wrote:
Yes you can PC to the Premium card. Two things to note: your BankAmericard must have at least $5k limit since the Premium card is a VS and don’t be misled by the service reps when they tell you know, it is possible

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I don't know about the Premium Rewards but I was able to PC my $500 limit Platinum Plus Mastercard to the Cash Rewards.  They simply issued it as a Platinum Plus Mastercard rather than the World Mastercard (basically the same as Visa Signature).

Also, the $5k minimum for VS/WMC I think is just for new cards (and maybe product changes).  I was able to CLD my Rewards VS to $2k and it's still a VS.

[Anonymous]

Thinking back to last year, I PCed a legacy M&T Bank World Points (purchased by BoA) that turned into a BoA Platinum Plus card into a Cash Rewards card. There was no HP. @mountakndewvoltage and @kdm31091 are correct.