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Amtrak Weighs Shifting Credit-Card Portfolio Away From BofA

FinStar
Moderator

Amtrak Weighs Shifting Credit-Card Portfolio Away From BofA

 
November 30, 2021, 10:02 AM EST
 

Amtrak is considering ending its credit-card partnership with Bank of America Corp., according to people familiar with the matter.

The portfolio, which Bank of America has handled since 2015, has roughly $100 million in balances, according to one of the people, who asked not to be identified discussing non-public information. Spokesmen for Bank of America and Amtrak declined to comment. 

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3 REPLIES 3
CreditMagic7
Super Contributor

Re: Amtrak Weighs Shifting Credit-Card Portfolio Away From BofA

Sooner the better so long as they find a suitable replacement lender.

 

Thanks for this article.

Message 2 of 4
FinStar
Moderator

Re: Amtrak Weighs Shifting Credit-Card Portfolio Away From BofA

It's under consideration, so nothing concrete as to whether they'll stay with BoA or explore other FIs.  They were already with Chase so maybe they'll go with either Barclays, SYNCB, Comenity... or dare I say, Capital One.

Message 3 of 4
ChargedUp
Senior Contributor

Re: Amtrak Weighs Shifting Credit-Card Portfolio Away From BofA


@FinStar wrote:

It's under consideration, so nothing concrete as to whether they'll stay with BoA or explore other FIs.  They were already with Chase so maybe they'll go with either Barclays, SYNCB, Comenity... or dare I say, Capital One.


All things considered, BoA has been good to me on the lending side, and I'd much prefer them over the others you list. I remember looking at this card when I was contemplating doing the Coast Starlight route but don't remember the rewards structure being anything special.

 

Upping the rewards ante would do more to promote the card than swapping lenders IMO, unless BoA isn't willing to play ball with that idea.

AODFCU 3% Visa ($10K), Amex Gold (NPSL), Amex BCP ($27K), Amex Simply Cash+ ($4K), Amex Business Cash ($22.5K), Discover ($29.7K), Cap 1 Union Plus MC ($2750), Chase FU Visa Sig ($12K), Chase F Visa Sig ($8.3K), Chase CSP Visa Sig($6.5K), Elan Everyday Rewards+ Visa Sig($15K), BOC/Elan Max Cash MC ($25K), Buckle ($1.3K), BofA AAA Rewards ($84.5K), Paypal credit ($10K), PNC Points Visa Sig ($7.5K), Cap 1 Savor ($13K), PenFed PCR ($20K), Bank of the West CB MC ($3.6K), PNC Cash Rewards Visa Sig ($19K), NASAFCU Rewards Visa ($20K), BoA Business Customized Cash Rewards MC ($8k), Chase Amazon Visa Sig ($35K), FNBO Evergreen Biz Visa Sig ($15K), Citizens ED Points Biz MC ($5K)
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