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
by
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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Discover & Freedom have 5% categories. Everything else gets taken care of by BoA's 3% category on online purchases. Certain cards also have 5% on office supplies. For B&M, there is Citi 2% Doublecash card. Personally I don't see any reason for it and you're just intentionally gimping yourself for no reason just to get that $200 offer. Ultimately, if you travel, Chase ultimate rewards points trump everything.
Every card has 1% cashback. The additional 0.5% on $100,000 purchases amounts to ........... $500.
Discover & Freedom have 5% categories. Everything else gets taken care of by BoA's 3% category on online purchases. Certain cards also have 5% on office supplies. For B&M, there is Citi 2% Doublecash card. Personally I don't see any reason for it and you're just intentionally gimping yourself for no reason just to get that $200 offer. Ultimately, if you travel, Chase ultimate rewards points trump everything.
Every card has 1% cashback. The additional 0.5% on $100,000 purchases amounts to ........... $500.
The one they're offering to change over originally didn't even have any rewards at all. It was one of my first credit cards ever from 15 years ago that I got just to "have credit" and they changed it over to the current one about 2 or 3 years ago.
Discover & Freedom have 5% categories. Everything else gets taken care of by BoA's 3% category on online purchases. Certain cards also have 5% on office supplies. For B&M, there is Citi 2% Doublecash card. Personally I don't see any reason for it and you're just intentionally gimping yourself for no reason just to get that $200 offer. Ultimately, if you travel, Chase ultimate rewards points trump everything.
Every card has 1% cashback. The additional 0.5% on $100,000 purchases amounts to ........... $500.
Even if you have NO status with BOA, it's effectively 11.5% cash back on the first $1000 spent
Then you just throw the card in a drawer and never use it again since there's no fee or anything.. Even better, no hard pull required.
If you DO have Plat Honors status, then it's even better, since the signup is effectively 12.625% on the first $1000 spent... AND it's 2.625% on everything after that.... easily beating not only things like Citi Doublecash, but even the Alliant 2.5% card.
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Generally a charge has to post to get bonus points, but YMMV.
Also you can only change once a month.
It's once a month
Who uses credit on cashapp
Then you just throw the card in a drawer and never use it again since there's no fee or anything.. Even better, no hard pull required.
If you DO have Plat Honors status, then it's even better, since the signup is effectively 12.625% on the first $1000 spent... AND it's 2.625% on everything after that.... easily beating not only things like Citi Doublecash, but even the Alliant 2.5% card.
It's a great card. Their new card is 2.6% on everything
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