Thought I would share my experience in PC'ing my BofA Travel Rewards Card to a Customized Cash Rewards Card which I successfully did as of today.
I tried on few occasions over the 1st year of holding the TR Card to PC to a CCR Card, but BofA Advanced Solutions would not allow the option until today, a few days after the 1st year of opening the account.
Had a bunch of rewards bonus on the TR Card still, from fullfilling the initial bonus, SUB. But was not finding any current expenses to use them on. The agent warned I might lose the rewards upon account conversion, so I went ahead and cashed them in for 60%, cash value. Which is fine, since I don't plan in the next year to have any expenses I could charge to the card and get the full 1 to 1 value. Also I wanted to end the life of the TR Card so as to have the option on getting a new one with the Rewards SUB down the road (note: probably get the Premium Rewards Card next, better SUB). The DP's are few on this, with some getting full 1 to 1 conversion value, but I decided not to risk it. I probably should have explored the gift card option, oh well.
The biggest advantage of PC'ing my TR Card to a CCR Card will be having a CCR Card with no FTF with the better rewards of the CCR Card categories, as reported by many (DP's) on Reddit.
BofA will be sending a replacement card with a new CC number, according to the agent.
Aven:
After you receive it, please call them and confirm it still lacks a FTF 👍😁. I opened a BofA PR with the intent of doing this as well at the 1 year mark, for the no FTF. So I am very interested in confirmation!
And yes, I don't think there's many exceptions to them allowing you to PC a card until it's 1 year old... has to do with you both agreeing to "lock in" fees till then, I believe.
Sock - 
Chopping Block - 
Debit Cards - 
@unsungivy wrote:After you receive it, please call them and confirm it still lacks a FTF 👍😁. I opened a BofA PR with the intent of doing this as well at the 1 year mark, for the no FTF. So I am very interested in confirmation!
And yes, I don't think there's many exceptions to them allowing you to PC a card until it's 1 year old... has to do with you both agreeing to "lock in" fees till then, I believe.
The DP's are inconclusive on PC window for BofA cards on reddit. What they are conclusive on is retaining the no FTF feature. Never heard of someone not retaining it on a travel card PC to CCR card. Calling them, DP's, are usually inconclusive in answer on whether the no FTF feature has been retained. Thus I'll just test it in the field when I find the opportunity.
I am curious, then.
In theory, if I were to PC my Bank of America Customized Cash Rewards (CCR) card to a Travel Rewards card, then, after a year, product change back to a CCR card, assuming that there are no policy changes, I would be able to retain the zero FTF terms on my CCR, as well?
I am not in dire need of another card to use internationally, but this may a worthwhile route to expand my international options.
@SpaethCo escribió:
@PayAndProsper wrote:I am curious, then.
In theory, if I were to PC my Bank of America Customized Cash Rewards (CCR) card to a Travel Rewards card, then, after a year, product change back to a CCR card, assuming that there are no policy changes, I would be able to retain the zero FTF terms on my CCR, as well?
You might actually end up with a Travel Rewards card with a FTF.
BoA retains the original application terms through product changes. I applied for an Aircraft Owners and Pilots association card in 2003 that had a 7.9% fixed rate, and that persisted through a product change to a Better Balance Rewards card and then an Unlimited Cash Rewards card.
Basically the fee and interest structure terms from your original application carries forward to future product changes.
Thanks for the quick reply and data point. That's interesting. Congrats on locking down that APR with a major bank like BoA; that's a diamond. Even though we don't look to pay interest, at all, that is a better rate than an average personal loan for someone with excellent credit.
I am wondering if I do the PC and make the case that the card is advertised as no FTF, if they would change it. Basically, I wonder if the policy is to strictly not change the terms, or if the policy is that whatever the agreed upon terms are will be honored, without change; the nuance there being that if I could get them to lower my APR's margin or eliminate the FTF, it would stay that way (barring penalties resulting from failing to hold my end up through on-time payments). I suppose the only way to find out, for sure, is to give it a try.
Thanks again for the response!
@PayAndProsper wrote:
I am wondering if I do the PC and make the case that the card is advertised as no FTF, if they would change it. Basically, I wonder if the policy is to strictly not change the terms, or if the policy is that whatever the agreed upon terms are will be honored, without change; the nuance there being that if I could get them to lower my APR's margin or eliminate the FTF, it would stay that way (barring penalties resulting from failing to hold my end up through on-time payments). I suppose the only way to find out, for sure, is to give it a try.
Thanks again for the response!
Your thinking too hard. They will just tell you to apply for it. And why wouldn't you, when there is a SUB to be had.
@ElvisCaprice escribió:
@PayAndProsper wrote:
I am wondering if I do the PC and make the case that the card is advertised as no FTF, if they would change it. Basically, I wonder if the policy is to strictly not change the terms, or if the policy is that whatever the agreed upon terms are will be honored, without change; the nuance there being that if I could get them to lower my APR's margin or eliminate the FTF, it would stay that way (barring penalties resulting from failing to hold my end up through on-time payments). I suppose the only way to find out, for sure, is to give it a try.
Thanks again for the response!
Your thinking too hard. They will just tell you to apply for it. And why wouldn't you, when there is a SUB to be had.
I don't see anything wrong with trying something out.
To answer your question: I wouldn't apply for it because I am, currently, "in the garden." I am not interested in opening another account, much less with BoA. It would not be worth the HP or any effect to my credit profile due to metrics associated with new revolvers, personally.
The only reason I opened the CCR, in the first place, was to have a credit card that reported my FICO 08 TransUnion score. I am aware that there are other ways to get a free FICO 08 TransUnion score (i.e. Experian trials and now, CreditWise), but I wanted a card that reported it, at the time. The 5.25% cash back is good, but the $2,500 limit is not, in my opinion. The only thing that would have been interesting to me—at all, and even then, only slightly—would be opening up the current card to fee-free use, internationally. As long as the process wouldn't be too complex, I would be willing to do that.
That said, I did call in to see about initiating this process. I see now, firsthand that even getting the initial PC is not as straightforward as it is with other institutions. After speaking with various reps, in different departments, on different calls, I have not even been able to get the CCR PC'd to a Travel Rewards. If it has been an issue to get it changed in the first place, I can only imagine the process of looking to get it transfered back.
As I said before, I would go through with it as long as the process weren't too complex. Unfortunately, it is, for me. The juice is not worth the squeeze. For now, I am letting it go.
@ElvisCaprice wrote:
@PayAndProsper wrote:
I am wondering if I do the PC and make the case that the card is advertised as no FTF, if they would change it. Basically, I wonder if the policy is to strictly not change the terms, or if the policy is that whatever the agreed upon terms are will be honored, without change; the nuance there being that if I could get them to lower my APR's margin or eliminate the FTF, it would stay that way (barring penalties resulting from failing to hold my end up through on-time payments). I suppose the only way to find out, for sure, is to give it a try.
Thanks again for the response!
Your thinking too hard. They will just tell you to apply for it. And why wouldn't you, when there is a SUB to be had.
*raises an eyebrow* Why WOULD you add another HP and 5/24 to your report instead of trying to make a card you already have better? Especially if it's one of your older cards.
I for one am planning on this route April 26/27, after I convert ths current Premium Rewards TO a CCR. They have lowered my APR on request before, and I have changed CCRs back and forth between Visa and MCs before. I have only encountered them balking when it was points vs cashback.