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Bank of America $150 cash rewards bonus after making at least $500 in purchases in the first 90 days of account opening

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$150 cash rewards bonus
after making at least $500
in purchases in the first 90 days of account opening

https://www.bankofamerica.com/cre...edit-card/
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Created 12-03-2017 at 10:32 PM by RyanB9388
in Finance
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12 Comments

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#2
Meh deal..for hard hit on credit I consider at-least $300 worth or reward....
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#3
For years the offer was $200 back after spending $500. Not quite worth it imo.
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#4
The hard hit on your credit is very minimal impact and can be negated in couple of months. On the other hand, any sign up bonus is easy money and increase in your credit limit also helps your score. So no point in 'Meh'-ing the offer.
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#5
Quote from soutiks
:
The hard hit on your credit is very minimal impact and can be negated in couple of months. On the other hand, any sign up bonus is easy money and increase in your credit limit also helps your score. So no point in 'Meh'-ing the offer.
Considering the 5/24 rule that Chase officially implemented and others are unofficially following, I would say it's no longer worth it to go after these smaller bonuses.

It has nothing to do with the single hard inquiry. There are now limits on the number of signup bonuses you qualify for from all credit card issuers on a rolling 24-month basis. Doing a $150 bonus now will keep you from doing a bigger bonus later.

Times have changed.
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#6
Quote from TrentSteel
:
Considering the 5/24 rule that Chase officially implemented and others are unofficially following, I would say it's no longer worth it to go after these smaller bonuses.

It has nothing to do with the single hard inquiry. There are now limits on the number of signup bonuses you qualify for from all credit card issuers on a rolling 24-month basis. Doing a $150 bonus now will keep you from doing a bigger bonus later.

Times have changed.
Quote from TrentSteel
:
Considering the 5/24 rule that Chase officially implemented and others are unofficially following, I would say it's no longer worth it to go after these smaller bonuses.

It has nothing to do with the single hard inquiry. There are now limits on the number of signup bonuses you qualify for from all credit card issuers on a rolling 24-month basis. Doing a $150 bonus now will keep you from doing a bigger bonus later.

Times have changed.
Times might have changed for some of the folks like you, but most of the sign up bonuses these days range from 150-200, some even lower. Not everyone wants to wait out for 2 years, "IF" Chase comes up with a excellent card to get $300 + back with higher purchase limit and then sign up for that. And 5/24 has been there for quite a while unless you were hiding under a rock.
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#7
This is a nice gas/groceries card if you have $100k assets at Merrill Lynch.
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#8
Quote from Krazen1211
:
This is a nice gas/groceries card if you have $100k assets at Merrill Lynch.
Speaking of Merrill Lynch, that was the best promo card as of late. To bad no longer offering it, would have got my wife to sign up. Was 50k travel for spending $3k with no annual fee. Merrill Lynch owned by BofA. This card is like free money 30% off any $500 purchase. Not a hard hit on credit score.3 new cards in last 5 months, maybe knock off 10 points.
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Last edited by RyanB9388 December 4, 2017 at 11:10 AM.

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#9
Bonus has been $200 in the past, so $150 not all that exciting. Not worth a hard pull unless you can combine an app for this with another BofA card to combine hard pulls..hard pulls should be valued at minimum $300 to be worthwhile.

Using this as an every day card is not worth it either. Citi double cash or Fidelity rewards Visa each earn 2% cash back on all purchases, so this card is not worth it for everyday spend nor the 3% on gas. Costco Visa offers 4% back on gas so that beats this card as well.

Unless you have $100k in assets at BofA/Merrill Lynch (which increases your cash back) I would recommend other cards over this one at this bonus.
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#10
Quote from GoWildGo
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Bonus has been $200 in the past, so $150 not all that exciting. Not worth a hard pull unless you can combine an app for this with another BofA card to combine hard pulls..hard pulls should be valued at minimum $300 to be worthwhile.

Using this as an every day card is not worth it either. Citi double cash or Fidelity rewards Visa each earn 2% cash back on all purchases, so this card is not worth it for everyday spend nor the 3% on gas. Costco Visa offers 4% back on gas so that beats this card as well.

Unless you have $100k in assets at BofA/Merrill Lynch (which increases your cash back) I would recommend other cards over this one at this bonus.
What are the cards available in the market that gives $300 cash back bonus or more?
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#11
Quote from noHDMIguy
:
Meh deal..for hard hit on credit I consider at-least $300 worth or reward....
Yes, the targeted offer was $300.
https://slickdeals.net/f/4617390-bankamericard-cash-rewards-300-cash-reward-bonus-targetted-offer-for-boa-customers?v=1&src=SiteSearch
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#12
Quote from soutiks
:
What are the cards available in the market that gives $300 cash back bonus or more?
The best source to keep track of the best available bonuses are at Doctor of Credit https://www.doctorofcredit.com/be...n-bonuses/

He also has a spreadsheet to track historical signup bonuses, which can allow you to compare current offers to see how competitive they are to those offered in the past.
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#13
The link you shared was posted 5 years back and has no recent activity. Anything missing?
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