Update: This popular deal is still available
Bank of America is offering a $200 cash rewards bonus offer after you make at least $1000 in purchases within the first 90 days of account opening with their Bank of America Customized Cash Rewards credit card. There is no annual fee.
Thanks to community member ToMaToSauces for finding this deal.
Slickdeals may be compensated by Bank of America.
Original Post
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Edited September 28, 2021
at 08:36 AM
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Bank of America is offering a
$200 cash rewards bonus offer after you make at least
$1000 in purchases within the first 90 days of account opening with their
Bank of America® Customized Cash Rewards credit card. There is no annual fee.
Slickdeals may be compensated by Bank of America.
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Bank of America - Bank Advertiser
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- You can only get approved for 2 new cards in a 30-day period
- You can only get approved for 3 new cards in a 12-month period
- You can only get approved for 4 new cards in a 24-month period
Apparently it only looks at BofA cards. Where as the Chase 5/24 rule looks at any credit card issued to you, regardless of which company issued it to you.
Edit: Adding the 7/12 and 3/12 rules for BofA higher up to this comment.
"7/12 and 3/12 rule"
"According to this rule, customers with a BofA deposit account will not be approved for new cards if they've opened seven cards (across all issuers) in the last 12 months, while customers without a BoA deposit account will be rejected if they've opened three or more cards in the last 12 months."
Source: https://thepointsguy.co
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Technically if you're a large enough customer, you get 5.25% CB once the actual deposit is made and the 75% bonus is factored in. Not bad for a zero fee card.
These are the best rewards cards to own if you give BofA enough assets for the 75% bonus tier (5.25% ROI).
The only minor issue is the $2500 quarterly cap. But that's not regularly a problem for most middle class spenders.
You can transfer it to a linked account. I transferred the $200 bonus to my BoA savings account.
Technically if you're a large enough customer, you get 5.25% CB once the actual deposit is made and the 75% bonus is factored in. Not bad for a zero fee card.
Data points: Got Chase FU ~7/27 (first card in probably 3 years), capone Savor (when it was a 250 back on 500+ spend) in December, BofA Travel Rewards in late February (now seeing 25k points awarded) and of course this latest card. Courtesy of LOTS of overtime, I can show the income that would make them beg to have me as a customer. (But that's likely more on limits as opposed to getting approved.)
I suppose they refused and changed their mind checked credit again, so careful with this clowns.
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Any idea if I get this deal, which is for Visa, then I can select "travel" or "gas" category and get 5.25% cash back on it ? It would be like having option to selecting 2 category for 3% cash back.
Any idea if I get this deal, which is for Visa, then I can select "travel" or "gas" category and get 5.25% cash back on it ? It would be like having option to selecting 2 category for 3% cash back.
wanted some advice on wayfair.com would be classified as an online store or a furniture store?
TIA
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If most of the spendings are online, 5.25% if quite a bit. There is a $2,500 quarterly cap but one can have multiple cards. Personally I set one card on gas and also use it for groceries (it includes Walmart and Costco). Another two cards are on online shopping. It is possible to own 4 BofA cards at the same time, and one can tailor the reward categories based on individual needs. The category can be changed once per calendar month effective immediately. In a situation a card is currently on dining, it can be immediately changed to online shopping should there is a need to buy a new computer.
Disclaimer: I don't work for BAML.
How is it possible to have multiples of the same card? I currently get 2.625% back on my BoA Travel Rewards card but I'd love to bump it up to 5.25% for multiple categories. If you or anyone else can shed some light I'd be very appreciative.