If you use it for $50 in purchases each month, for anything including groceries or gas, and then PIF, you are within the terms and will get the $25 per quarter.
In this type of spend volume, it will out earn any other card you could possibly hold.
@Anonymous wrote:
Can you explain how you came up with $50? I'm just curious.
I have a utility bill that's $39.99 every month so I was wondering if that worked better instead of the $50
IME Bank of America's min payment is usually $25, so yes, that utility bill should be perfect.
To add, their wording says you earn the bonus by paying more than the minimum payment, but many people report getting the bonus just by charging Netflix and then PIF.
@Anonymous wrote:I keep thinking this would be a good card to get started with BofA, then I figure it's too much hassle. But the way it was put up above, it doesn't seem like a hassle at all. Wish I wouldn't have shredded the recent mailers. Next time, I'll think about it harder.
I actually use it another way, not as rewarding but easier for me. Check here: http://ficoforums.myfico.com/t5/Credit-Cards/Any-tricks-to-getting-rewards-on-Better-Balance-Rewards-card/m-p/4261108
@axlm wrote:
@Anonymous wrote:
Can you explain how you came up with $50? I'm just curious.
I have a utility bill that's $39.99 every month so I was wondering if that worked better instead of the $50IME Bank of America's min payment is usually $25, so yes, that utility bill should be perfect.
To add, their wording says you earn the bonus by paying more than the minimum payment, but many people report getting the bonus just by charging Netflix and then PIF.
The $50 is more than the typical minimum payment amount. The actual math I use is, take the $100 per year in rewards, and divide by 5%. That gives you $2,000 of annual spend you can put on the card, and count it as 5% rewards. If you put less than $2,000 spend on the card, then your reward rate goes up. $50 x 12 = $600, is less than $2,000.... Winning!
The utility bill would be perfect for this card. And you would never get anything like this reward rate on utility payments, so that makes it double perfect.
@icyhot wrote:
Isn't the BBR for balance transfers and is essentially rewarding for paying your balance down faster for making over the minimum payment? Isn't that the most effective way to use it?
That's how they like to advertise it, but you can surely find better ways to maximize those rewards 
@icyhot wrote:
Isn't the BBR for balance transfers and is essentially rewarding for paying your balance down faster for making over the minimum payment? Isn't that the most effective way to use it?
It is one way to use it, but in that instance, you have to pay a 3% or 4% BT fee to get that balance set up. If one is going to do a BT anyway, yeah, not a bad deal.
If one does not carry balances, then regular use of the card for PIF spend is sufficient to get the $25 per quarter reward.