Hi Everyone!
So I recently got the BBR card from BOA and I read a lot of threads and there seems to be more confusion then answers about the topic. Can anyone conirm how to exactly receive the $25 quartely bonus?
From my understanding:
1. A charge of $5 or more must be placed on bill every month
2. The Charge can be paid in full or more than the minimum stated
3. The charge can be paid on the due date - (you can set up auto-pay).
Can anyone let me know if i'm missing anything or have something wrong? Thanks 
@Anonymous wrote:Hi Everyone!
So I recently got the BBR card from BOA and I read a lot of threads and there seems to be more confusion then answers about the topic. Can anyone conirm how to exactly receive the $25 quartely bonus?
From my understanding:
1. A charge of $5 or more must be placed on bill every month
2. The Charge can be paid in full or more than the minimum stated
3. The charge can be paid on the due date - (you can set up auto-pay).
Can anyone let me know if i'm missing anything or have something wrong? Thanks
No confusion here.
1. There is no minimum amount you need to charge every month, though some have reported having small amounts (maybe $1 or $1.49) being written off, so it's probably best to charge more than that.
2. Correct.
3. Correct.
I will note that while you don't need to carry a balance, it is necessary to let the balance report, i.e. don't pay off the card before the statement cuts. If you just set it up to autopay the full statement balance on the due date, then you'll be fine.
Chris.
@Anonymous wrote:
@Anonymous wrote:Hi Everyone!
So I recently got the BBR card from BOA and I read a lot of threads and there seems to be more confusion then answers about the topic. Can anyone conirm how to exactly receive the $25 quartely bonus?
From my understanding:
1. A charge of $5 or more must be placed on bill every month
2. The Charge can be paid in full or more than the minimum stated
3. The charge can be paid on the due date - (you can set up auto-pay).
Can anyone let me know if i'm missing anything or have something wrong? Thanks
No confusion here.
1. There is no minimum amount you need to charge every month, though some have reported having small amounts (maybe $1 or $1.49) being written off, so it's probably best to charge more than that.
2. Correct.
3. Correct.
I will note that while you don't need to carry a balance, it is necessary to let the balance report, i.e. don't pay off the card before the statement cuts. If you just set it up to autopay the full statement balance on the due date, then you'll be fine.
Chris.
Thank you
was wondering this too, so if i charge $50 and my min of $25 is due on the 25th of the month then I can pay the whole $50 on the 25th and still get the bonus??
apparently, yes. Just don't pay BEFORE the due date, pay ON and if you like to pay in full pay in full and if not, pay more than the statement balance min. payment amout.
@lexandra90 wrote:was wondering this too, so if i charge $50 and my min of $25 is due on the 25th of the month then I can pay the whole $50 on the 25th and still get the bonus??
@Anonymous wrote:apparently, yes. Just don't pay BEFORE the due date, pay ON and if you like to pay in full pay in full and if not, pay more than the statement balance min. payment amout.
@lexandra90 wrote:was wondering this too, so if i charge $50 and my min of $25 is due on the 25th of the month then I can pay the whole $50 on the 25th and still get the bonus??
OK, now I've got a question... is it required to wait until the actual due date to pay?
I thought as long as a statement generated with a balance you were fine. Personally I don't ever like to pay exactly on a due date, since if anything at all goes wrong you're 'late', with all the repurcussions that go with it.
@UncleB wrote:
@Anonymous wrote:apparently, yes. Just don't pay BEFORE the due date, pay ON and if you like to pay in full pay in full and if not, pay more than the statement balance min. payment amout.
@lexandra90 wrote:was wondering this too, so if i charge $50 and my min of $25 is due on the 25th of the month then I can pay the whole $50 on the 25th and still get the bonus??
OK, now I've got a question... is it required to wait until the actual due date to pay?
I thought as long as a statement generated with a balance you were fine. Personally I don't ever like to pay exactly on a due date, since if anything at all goes wrong you're 'late', with all the repurcussions that go with it.
I think as long as the statement generates you are fine. So once the statement is generated go and give BOA you monies! lol
@Anonymous wrote:apparently, yes. Just don't pay BEFORE the due date, pay ON and if you like to pay in full pay in full and if not, pay more than the statement balance min. payment amout.
@lexandra90 wrote:was wondering this too, so if i charge $50 and my min of $25 is due on the 25th of the month then I can pay the whole $50 on the 25th and still get the bonus??
I always pay before the due date and have always gotten my bonus.
@ojefferyo wrote:
@Anonymous wrote:apparently, yes. Just don't pay BEFORE the due date, pay ON and if you like to pay in full pay in full and if not, pay more than the statement balance min. payment amout.
@lexandra90 wrote:was wondering this too, so if i charge $50 and my min of $25 is due on the 25th of the month then I can pay the whole $50 on the 25th and still get the bonus??
I always pay before the due date and have always gotten my bonus.
Yes, me too. When you pay the balance is irrelevant. You can pay before the due date or on the due date, but the payment must be made after the statement cuts with a balance. Ideally your payment would be for the full statement balance so you can avoid any interest.
Then, all you have to do is make another charge so that a balance will report on the next statement.