BofA Better Rewards

[Anonymous]

If I just put my Netflix on that card each month and then pay it when the bill comes in, will I still qualify for the $25 each quarter.  Plus, I'd get $5 for having a checking account with them.  How do you get the money?  Is it a statement credit? 

[Anonymous]

Yes you would. Let your balance report and then pay it. As far as I know no "minimum" amount. I put my internet bill on it. It comes in the form of a statement credit. Easy 100 bucks each year.

[Anonymous]

But, I would need to use the statement credit up before the next bill so that something was due, correct?

[Anonymous]

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@Anonymous wrote:

But, I would need to use the statement credit up before the next bill so that something was due, correct?

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Yes you wouldn't get credit for a negative balance.  If you can put something that is like around 30 dollars then that would be even less "thinking" than the netflix. 

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:

But, I would need to use the statement credit up before the next bill so that something was due, correct?

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Yes you wouldn't get credit for a negative balance.  If you can put something that is like around 30 dollars then that would be even less "thinking" than the netflix. 

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I would get $30 a quarter because I have a checking account with BofA.  I can't think of anything that is a regular payment for over $30 a month.  I'll figure something out.  I'm not a fan of auto pay but maybe I can do that with one of my bills.  Thank you for your help.

[Anonymous]

You don't have to get a statement credit; if you go online the main page for your BBR will have a link that says "View Rewards Preference"; you can change it from statement credit to a direct deposit into a BoA account instead.

[Anonymous]

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@Anonymous wrote:

You don't have to get a statement credit; if you go online the main page for your BBR will have a link that says "View Rewards Preference"; you can change it from statement credit to a direct deposit into a BoA account instead.

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That's what I do with my BofA cash rewards.  Good to know I can do that with that card, too. 

[Anonymous]

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@Anonymous wrote:

You don't have to get a statement credit; if you go online the main page for your BBR will have a link that says "View Rewards Preference"; you can change it from statement credit to a direct deposit into a BoA account instead.

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Good info.  I do not have a BOA checking account so I did not know. 

[Anonymous]

I think I read if you deposit it in your BofA account you get an extra 10% cash back.

[Anonymous]

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@Anonymous wrote:
I think I read if you deposit it in your BofA account you get an extra 10% cash back.

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I just checked when I changed my preference for the better rewards.  That's only for the cash rewards card.

Edited to say that you do get an extra $5 for having a BofA account.