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New Bank of America Credit Card $25 ($30 for Bank of America customer) per quarter for paying on time

+253 Deal Score
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I was looking to open a new credit card for BOFA and found this new credit card that just released yesterday. Not sure if this is a repost BTW.


-Earn $25 in cash rewards each calendar quarter when you pay more than the monthly minimum and pay each bill on time – up to $100 in cash rewards each year
-Get an extra $5 bonus per quarter if you have at least one other qualifying account with us for an additional $20 in cash rewards per year – that's up to $120 in total cash rewards per year
-Rewards are automatically credited to your card balance or you can choose to deposit them into your savings or checking account
-No Annual Fee

0% APR for 12 months



Edit:

So for the first quarter, we pay by April 30.
For second quarter, it would be end of July
For third, it would end of October and it is end of January for the last quarter.
Created 03-06-2013 at 10:15 AM by JV13
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Joined Jun 2004
L8: Grand Teacher
> bubble2 3,914 Posts
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dogi
06-12-2013 at 08:39 AM.
06-12-2013 at 08:39 AM.
Anybody has the credit analyst/reconsideration dept. number?
Reply
Joined Nov 2010
L8: Grand Teacher
> bubble2 3,189 Posts
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koolwadz
06-12-2013 at 09:19 AM.
06-12-2013 at 09:19 AM.
no cash back on this correct?
Reply
Joined Feb 2007
L7: Teacher
> bubble2 2,991 Posts
VladC
06-17-2013 at 08:56 AM.
06-17-2013 at 08:56 AM.
So where is my rewards?
Reply
Joined Sep 2011
L5: Journeyman
> bubble2 539 Posts
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aanairai
06-17-2013 at 01:03 PM.
06-17-2013 at 01:03 PM.
Quote from dogi :
Anybody has the credit analyst/reconsideration dept. number?
Here is the number 18008086220
Reply
Joined Oct 2011
Pokemon Master
> bubble2 494 Posts
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Chris29
06-17-2013 at 01:10 PM.
06-17-2013 at 01:10 PM.
So my current interest rate for my BoA card is 8.9%. The T&C of this card is 11.99% minimum. Think it's smart to convert? Or would the extra 3% interest outweigh the benefits....

Sadly I haven't had enough caffeine to do the math...
Reply
Joined Nov 2009
L6: Expert
> bubble2 1,125 Posts
589 Reputation
dbl118
06-17-2013 at 01:45 PM.
06-17-2013 at 01:45 PM.
Quote from Chris29 :
So my current interest rate for my BoA card is 8.9%. The T&C of this card is 11.99% minimum. Think it's smart to convert? Or would the extra 3% interest outweigh the benefits....

Sadly I haven't had enough caffeine to do the math...
Your question= 5x5=25 Is 5x mystery number >25?
Without knowing how much money in debt you are, no way to know. But my gut says probably not worth it for you.

Most likely you should be spending more time on focusing on getting out of debt so you aren't carrying a balance and not worrying about making ~30 cents a day on this card.
Reply
Joined Oct 2011
Pokemon Master
> bubble2 494 Posts
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Chris29
06-17-2013 at 01:54 PM.
06-17-2013 at 01:54 PM.
Quote from dbl118 :
Your question= 5x5=25 Is 5x mystery number >25?
Without knowing how much money in debt you are, no way to know. But my gut says probably not worth it for you.

Most likely you should be spending more time on focusing on getting out of debt so you aren't carrying a balance and not worrying about making ~30 cents a day on this card.

Well that's the whole thing. I've made past mistakes and I'm paying for them now, literally. I've cut my debt by about $10k over the past couple years. Have about another $8k to go. Just looking for ways to maximize my efforts.

Now that I think about it. I'm guessing the interest on the card definitely outweighs the $25 every three months.
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Joined Jun 2007
L6: Expert
> bubble2 1,638 Posts
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chris83190
06-19-2013 at 11:17 AM.
06-19-2013 at 11:17 AM.
I was approved on 6/6.

how long does it take to receive the card?
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Joined Sep 2011
$
> bubble2 3,169 Posts
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Pro
E4300
06-19-2013 at 11:33 AM.
06-19-2013 at 11:33 AM.
Quote from chris83190 :
I was approved on 6/6.

how long does it take to receive the card?
I requested a card transfer from an old MBNA account (now BofA) to this card last week. Just receive an approval call (why since it's just a transfer) this morning. Was told that card will be shipped by July 1st.
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Joined Nov 2011
L10: Grand Master
> bubble2 8,584 Posts
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iBoo
06-19-2013 at 11:42 AM.
06-19-2013 at 11:42 AM.
Quote from eman182 :
I'm going to switch my Cash Rewards card to this as soon as my Reward Points get deposited into my BoA Checking account, since people here have said the switch will remove any reward points leftover.
You originally applied for BankAmericard Privileges® with Cash Rewards and then after the $100 statement credit is posted in your account, then switch to BankAmericard® Better Balance Rewards™?
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Joined Jun 2007
L6: Expert
> bubble2 1,638 Posts
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chris83190
06-19-2013 at 11:42 AM.
06-19-2013 at 11:42 AM.
Quote from E4300 :
I requested a card transfer from an old MBNA account (now BofA) to this card last week. Just receive an approval call (why since it's just a transfer) this morning. Was told that card will be shipped by July 1st.
I called them to see when I would receive it by. They said within 10 business days after approval. So I guess it'll arrive within the next couple of days.

that leaves 2-3 days for shipping it via first class mail in your case.
Reply
Joined Aug 2011
L4: Apprentice
> bubble2 496 Posts
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jykk
07-04-2013 at 06:37 PM.
07-04-2013 at 06:37 PM.
does anyone get the reward for Apr, May and Jun yet?
Reply
Joined Aug 2006
L5: Journeyman
> bubble2 553 Posts
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xxSaMxx
07-04-2013 at 11:49 PM.
07-04-2013 at 11:49 PM.
I havnt recieved any rewards yet either. I pay early too
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Joined Oct 2011
Master
> bubble2 805 Posts
56 Reputation
ITSMEDAVID
07-05-2013 at 12:12 AM.
07-05-2013 at 12:12 AM.
Quote from Kensic :
at the same time your credit score goes up...its a win win situation
How often do they report to the credit bureau of your usage. My capital one card gets reported every month to the bureaus so when I check my credit every month it shows my usage amount then balance which is 0 because I pay it in full every month.
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Joined May 2011
L3: Novice
> bubble2 138 Posts
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seolfor
07-07-2013 at 08:23 AM.
07-07-2013 at 08:23 AM.
Quote from jykk :
does anyone get the reward for Apr, May and Jun yet?
Not yet.
I paid in full on time.
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