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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I don't believe there is one that would be an insane perk
I figured. Always have to check with the slick dealers though!
I already have one BofA card and would like to swap it for one better suited for me and ideally get signup bonus...is that double dip basically none existent?
Have to exchange for something and then separately signup for additional new card to ever get bonus?
I think you might be mixing up 2 different BoA reward programs
https://frequentmiler.c
The 1 million thing is for MLs "preferred rewards for wealth management" and is a new tier for that program. But that's not the one most CC users care about.
The CURRENT program in question already requires 250k-- but again isn't the one most people are using or care about...so changes to THAT program should have no impact on folks in the regular preferred rewards program.
For the folks who ARE in the other 250k program- there's now going to be a new 1 million tier- if you don't qualify though it STILL leaves you in the Platinum Honors tier.
The higher tier/buy in programs, as the link notes, don't actually offer much benefit over the other program with the 100k requirement right now... you get some really minor extra stuff like free cashiers checks, a couple free wire transfers a month, and a few additional waived fees. It's possible the 1 million tier will offer more additional stuff- but still shouldn't impact existing folks in the other, cheaper buy-in, program.
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https://frequentmiler.com/changes...panic-yet/ [frequentmiler.com]
The 1 million thing is for MLs "preferred rewards for wealth management" and is a new tier for that program. But that's not the one most CC users care about.
The CURRENT program in question already requires 250k-- but again isn't the one most people are using or care about...so changes to THAT program should have no impact on folks in the regular preferred rewards program.
For the folks who ARE in the other 250k program- there's now going to be a new 1 million tier- if you don't qualify though it STILL leaves you in the Platinum Honors tier.
The higher tier/buy in programs, as the link notes, don't actually offer much benefit over the other program with the 100k requirement right now... you get some really minor extra stuff like free cashiers checks, a couple free wire transfers a month, and a few additional waived fees. It's possible the 1 million tier will offer more additional stuff- but still shouldn't impact existing folks in the other, cheaper buy-in, program.
Yes, but as the source I cited pointed out- folks currently in the wealth program being moved into the new combined one, with balances BELOW 1 million- will specifically be moved into the Platinum tier. Which is currently the highest one in the regular program.
Folks over 1 million will get MORE stuff in the higher, new, tiers.
Unknown what specifically.
I mean, that's literally what they offer today in those programs.
I'd expect those would carry over, and maybe they'd add some additional stuff.
But the info BoA specifically sent out to the wealth management folks went over, in some detail, the -existing- tiers of the regular program they're being merged into... it wouldn't make sense to do that if those weren't going to keep existing when the merger happens.
https://frequentmiler.com/changes...panic-yet/ [frequentmiler.com]
The 1 million thing is for MLs "preferred rewards for wealth management" and is a new tier for that program. But that's not the one most CC users care about.
The CURRENT program in question already requires 250k-- but again isn't the one most people are using or care about...so changes to THAT program should have no impact on folks in the regular preferred rewards program.
For the folks who ARE in the other 250k program- there's now going to be a new 1 million tier- if you don't qualify though it STILL leaves you in the Platinum Honors tier.
The higher tier/buy in programs, as the link notes, don't actually offer much benefit over the other program with the 100k requirement right now... you get some really minor extra stuff like free cashiers checks, a couple free wire transfers a month, and a few additional waived fees. It's possible the 1 million tier will offer more additional stuff- but still shouldn't impact existing folks in the other, cheaper buy-in, program.
I already have one BofA card and would like to swap it for one better suited for me and ideally get signup bonus...is that double dip basically none existent?
Have to exchange for something and then separately signup for additional new card to ever get bonus?
I had 2 of these cards. Got a letter in the mail with a promotion that offered to change out this card for the new 1.5% on everything card. I was using 1 card for 3% dinning and the other for online purchases. Since most cards now offer 3% on dinning I decided to go for it. It was a swap with the same number but a new card. (3 weeks in the mail) No hard pull with a $200 bonus after $1000 spend. Maybe give them a call and ask about it if you didn't get the letter. Worth a shot if you're interested.
Wondering which is the best department to reach to get a nice deal.
Is there a "loyalty" line similar to TV/Internet providers that can offer better promos for people considering closing their CC?
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Wondering which is the best department to reach to get a nice deal.
Is there a "loyalty" line similar to TV/Internet providers that can offer better promos for people considering closing their CC?
There was a number in the letter I got. Sorry, I dont remember the number or department.