Forum Thread

New BoA (Bank of America) Premium Rewards Card 50K Sign Up Bonus with $3K Spending in the first 3 Months

+8 Deal Score
12,385 Views
Bank of America is releasing a Premium Rewards Card [forbes.com] with 50,000 Sign Up Bonus if you spend $3,000 in the first 3 months. Application expected to go live next month.
  • $95/yr annual fee
  • Two points to cardholders for every dollar they spend on travel and dining and 1.5 points per dollar spent on everything else, without caps on the number of points users can earn
  • Bank of America cardholders who have at least $20,000 at the bank in checking, savings or investment accounts will earn more
  • Customers who have between $20,000 and less than $50,000 at the bank will receive 2.5 points per dollar spent on travel and dining and 1.875 points on everything else
  • Those with between $50,000 and less than $100,000 will earn 3 points and 2.25 points, respectively
  • Card offers 3.5 points per dollar spent on travel and dining to cardholders with at least $100,000 at the bank and about 2.6 points per dollar spent on all other purchases
  • Customers must enroll in the bank's Preferred Rewards program to benefit
Share
Good deal?
You gave rep to soyanks for this post.
Thank you!
soyanks posted this deal. Say thanks!
Give Rep Points
in Finance (3)
If you purchase something through a post on our site, Slickdeals may get a small share of the sale.
Deal
Score
+8
12,385 Views

39 Comments

1 2 3

Sign up for a Slickdeals account to remove this ad.

This comment has been rated as unhelpful by Slickdeals users
Joined Apr 2006
World dominator and rebel
37,717 Posts
4,041 Reputation
Our community has rated this post as helpful. If you agree, why not rep SDRebel?
#2
meh, CSR 100k with nothing in bank was way more appealing Smilie
Reply Helpful Comment? 4 0
This comment has been rated as unhelpful by Slickdeals users
Joined Oct 2016
L2: Beginner
46 Posts
18 Reputation
#3
You missed 100$ incidental airline credit.. but still this card is meh.. well expected from BOA, they call this shit as Premium 😂
Reply Helpful Comment? 2 0
This comment has been rated as unhelpful by Slickdeals users
Joined Dec 2006
L10: Grand Master
9,075 Posts
837 Reputation
#4
Quote from SDRebel
:
meh, CSR 100k with nothing in bank was way more appealing Smilie
its not an either or.

those who play the game know that.

i got in on the chase reserve for me and my wife. then i got in on the the chase ink business, 100k each. so in the last 6 months, i have 450k UR or so.

that being said, i also played the game with BOFA. got in on the merril lynch card, for me and wife. that was 100k points.

this card is a great signup bonus for a $95 annual fee offset by the travel credit, making it at worst, free $500, even if you dont have a banking relationship with bofa. if u do, it is much lucrative.

i am platinum honors bofa member so i will be jumping on this card.
Reply Helpful Comment? 1 1
This comment has been rated as unhelpful by Slickdeals users
Joined Apr 2006
World dominator and rebel
37,717 Posts
4,041 Reputation
#5
Quote from Switching2Geico
:
its not an either or.

those who play the game know that.

i got in on the chase reserve for me and my wife. then i got in on the the chase ink business, 100k each. so in the last 6 months, i have 450k UR or so.

that being said, i also played the game with BOFA. got in on the merril lynch card, for me and wife. that was 100k points.

this card is a great signup bonus for a $95 annual fee offset by the travel credit, making it at worst, free $500, even if you dont have a banking relationship with bofa. if u do, it is much lucrative.

i am platinum honors bofa member so i will be jumping on this card.
true, just pointing out that those conditions prevent it from being great, but it's still good enough
Reply Helpful Comment? 0 0
This comment has been rated as unhelpful by Slickdeals users
Joined Mar 2008
uber n00ber
846 Posts
265 Reputation
Pro
#6
This or chase sapphire preferred ..?
Reply Helpful Comment? 0 0
This comment has been rated as unhelpful by Slickdeals users
Joined Feb 2010
Epic Member
667 Posts
460 Reputation
#7
Quote from absoluteczech
:
This or chase sapphire preferred ..?
This card only makes sense if you have significant investments (retirement, brokerage, etc.) in a Merrill Lynch account. Otherwise the CSP (when used for travel) will net you the same benefits as having 20-50k in BofA and potentially more with airline and hotel transfers. Though opening for the bonus itself is likely what I will do.
Reply Helpful Comment? 1 0
This comment has been rated as unhelpful by Slickdeals users
Joined Sep 2010
L7: Teacher
2,373 Posts
426 Reputation
#8
Quote from FatPigs
:
This card only makes sense if you have significant investments (retirement, brokerage, etc.) in a Merrill Lynch account. Otherwise the CSP (when used for travel) will net you the same benefits as having 20-50k in BofA and potentially more with airline and hotel transfers. Though opening for the bonus itself is likely what I will do.
So many are excluded from CSR due to 5/24 rule...
Reply Helpful Comment? 2 0

Sign up for a Slickdeals account to remove this ad.

This comment has been rated as unhelpful by Slickdeals users
Joined Aug 2015
L2: Beginner
411 Posts
417 Reputation
Pro
#9
Quote from FatPigs
:
This card only makes sense if you have significant investments (retirement, brokerage, etc.) in a Merrill Lynch account. Otherwise the CSP (when used for travel) will net you the same benefits as having 20-50k in BofA and potentially more with airline and hotel transfers. Though opening for the bonus itself is likely what I will do.
Or if you are an employee with boa. Heard they qualify for platinum status by default
Reply Helpful Comment? 1 0
This comment has been rated as unhelpful by Slickdeals users
Joined Aug 2004
L4: Apprentice
463 Posts
26 Reputation
#10
How point convert to money? Ratio. Is this same point as different boa credit card? Cash reward card
Reply Helpful Comment? 0 0
Last edited by dealkk August 10, 2017 at 07:55 AM.
This comment has been rated as unhelpful by Slickdeals users
Joined Feb 2005
L10: Grand Master
12,647 Posts
1,756 Reputation
#11
Needs more traveling benefits. Stayed at 10 lounges in the last year, free car towing, global entry with CSR.
Reply Helpful Comment? 1 0
This comment has been rated as unhelpful by Slickdeals users
Joined May 2006
L7: Teacher
2,778 Posts
398 Reputation
#12
Quote from dragoNav
:
Or if you are an employee with boa. Heard they qualify for platinum status by default
Yes you do, but just platinum not platinum honors
Reply Helpful Comment? 0 0
This comment has been rated as unhelpful by Slickdeals users
Joined Apr 2006
L5: Journeyman
682 Posts
164 Reputation
#13
Too many are comparing this card ($95 AF) to the Chase CSR ($450). Completely different market obviously. This seems geared more to the occasional traveler, not a road warrior.

I'm thinking about this card but to me the $100 "airline incidental" credit is too gimmicky. Why not just make it a straight $100 travel credit? As is I'll likely stick with the free Travel Rewards card which is almost as good.
Reply Helpful Comment? 0 0
This comment has been rated as unhelpful by Slickdeals users
Joined Feb 2005
L10: Grand Master
12,647 Posts
1,756 Reputation
#14
Quote from jrbdmb
:
Too many are comparing this card ($95 AF) to the Chase CSR ($450). Completely different market obviously.
Not really when you factor in the free $300 traveling credit annually with CSR
Reply Helpful Comment? 0 1
This comment has been rated as unhelpful by Slickdeals users
Joined Mar 2006
L9: Master
4,304 Posts
888 Reputation
Pro
#15
What can the 50K points convert to. United Miles?


Never had a BofA card before...
Reply Helpful Comment? 0 0
Page 1 of 3
1 2 3
Join the Conversation
Add a Comment
 
Copyright 1999 - 2018. Slickdeals, LLC. All Rights Reserved. Copyright / Infringement Policy  •  Privacy Policy  •  Terms of Service  •  Acceptable Use Policy (Rules)  •  Interest-Based Ads
Link Copied to Clipboard