Bank of America® Customized Cash Rewards Credit Card
Expired
$200 Bonus Offer
w/ $1K in eligible purchases
+128Deal Score
440,912 Views
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.
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Edited September 28, 2021
at 08:36 AMby
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.
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Got rejected, have a 780ish credit score. Maybe too many credit card sign ups recently
From what I could find online regarding BofA these are their restrictions for credit cards:
- 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."
Is there any way to transfer/change cards and still get bonus?
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?
For those who plan to keep and use these cards, be warned that there is a rumor that BofA is increasing the amount of money needed for preferred rewards tiers in a month, like platinum honors is changing from $100k to $1 million in assets required at BofA. I personally use BofA but plan to cancel my cards if this policy change goes into effect.
I had a diff boa card and was offered this one without credit pull. Got it 20k limit but how do I change the preferred 3 % to my liking. My CL is 826 btw..if it matters.
You need to download the app and then go to the landing page when you open the app scroll down part way you will see the rewards & benefits box, look for the view/change 3% choice. It did take about 5 days for that to show up once we opened the card for some reason, but I believe it's retroactive to the beginning of the month (or statement period).
You need to download the app and then go to the landing page when you open the app scroll down part way you will see the rewards & benefits box, look for the view/change 3% choice. It did take about 5 days for that to show up once we opened the card for some reason, but I believe it's retroactive to the beginning of the month (or statement period).
For those who plan to keep and use these cards, be warned that there is a rumor that BofA is increasing the amount of money needed for preferred rewards tiers in a month, like platinum honors is changing from $100k to $1 million in assets required at BofA. I personally use BofA but plan to cancel my cards if this policy change goes into effect.
I think you might be mixing up 2 different BoA reward programs
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.
Quote
:
Preferred Rewards for Wealth Management is a slightly different program than the Preferred Rewards program that readers likely know due to credit card bonuses offered to those with money on deposit with Bank of America / Merrill Edge or Merrill Lynch
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.
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.
The programs will be combined, 2 new tiers will be added the existing program for those that have a $1+ million. People have claimed to have gotten surveys about increasing the tier requirements on the normal preferred rewards programs. I cant see adding 2 tiers that are simply wires/checking/fees/ enticing anyone, hence why the wealth management preferred rewards wasnt heavily advertised, the point of wealth management is direct contact with the bank and personalized rates. The issue is, NOBODY knows what will actually happen, until it does, and with less than 2 months away before this change occurs, it makes no sense to do a hard pull now for these cards if they make the tiers harder to achieve, unless youre churning. Wait 2 months and see what they do and then sign up, these $200 offers have been available for years, this new card wont see a major reduction in SUB, so no need to rush.
The programs will be combined, 2 new tiers will be added the existing program for those that have a $1+ million.
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.
Quote
from essix8
:
I cant see adding 2 tiers that are simply wires/checking/fees/ enticing anyone
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.
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.
Wow. If I had a million dollars, I am not sure if I would be on slick deals as much. Hopefully I would be eating more Mac and cheese.
Is there any way to transfer/change cards and still get bonus?
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.
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.
Which number did you call?
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?
Which number did you call?
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.
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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.
Sign up for a Slickdeals account to remove this ad.
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?
Sign up for a Slickdeals account to remove this ad.
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.