Bank of America is offering a $200 online 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® Unlimited Cash Rewards credit card. You will also earn 1.5% cash back on every purchase, every time. There is no annual fee.
Thanks to staff member BoastfulRiver248 for finding this deal.
Slickdeals may be compensated by Bank of America.
Original Post
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Edited September 3, 2021
at 09:51 AM
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Bank of America is offering a
$200 online cash rewards bonus after you make at least
$1,000 in purchases in the first
90 days of account opening with the
Bank of America® Unlimited Cash Rewards credit card. You will also earn
1.5% cash back on every purchase, every time. No annual fee.
Card Details:
Slickdeals may be compensated by Bank of America.
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I'd be sure and keep a copy of that if you take the offer
(which I would- I do have the travel card but never use it after having gotten its own signup-- this conversion would get me a SUB without a new account/hard pull AND let me ditch the premium rewards card that forced me to find value in the airline credit to keep getting 2.625% cash back on non-cat purchases)
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- The introductory $200 offer will still apply. BofA can swap you to a different card at anytime, but you will not get any such intro bonuses. So it's best to accept what they give you, cash in, then move to something else.
- Their base travel Visa (no annual rate) doesn't have foreign transaction fees, but your points are bastardized such that they can only be redeemed for travel
That leaves their $100/year 'Premium' as the only worthwhile 'no foreign transaction fee' option. As others have mentioned there are more competitive options out there, but it's not completely unreasonable.
For example the BoA Premium rewards card- which has a $95 fee, but a $100 airline credit, a $100 GE credit, and better cash back rates than this card (same as this one for non-category spend, but 3.5% with top status for travel, dining, groceries), and no foreign transaction fees.
(or if you travel really significantly, the various flexible point cards from folks like Chase, Amex, or Citi, will get you even better reward rates, with more perks, and also no FTFs)
https://letmegooglethat
From BOA, this is as high as it goes, unless you have the higher status, then it goes up to 2.6%. if you're in there already I've found this is one of the best Cashback systems without annual fees or rotating categories to worry about
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$100 airline incidental credit (available every year)
$100 Global Entry credit (available once every 4 years)
It's secondary car insurance though- so basically garbage. Your personal car rental insurance gets dinged if you have a problem, and the secondary insurance just pays your deductible.
If you rent cars enough to care about this you need one that offers PRIMARY car rental insurance. Chase Sapphire Preferred and Reserve both offer this for free.
Amex offers it on many cards for an additional per-rental fee (though still way less than the rental company charges for it)
but 2million+ in professionally managed assets is not easy to get
One exception is that the mailer says: "If you earned the 10% Travel Rewards customer bonus, that feature will not be available on your new Unlimited Cash Rewards card." However, from the Travel Rewards Program Rules [bankofamerica.com] I wouldn't personally be affected as "If you are enrolled in Preferred Rewards [...], the rewards bonus you receive under those programs will replace the Customer Points Bonus."
Its a fraud.. they say its an upgrade but i got a completely new card which was never intended.. also it say it will not impact your credit score but it made a new entry in my exlerion score.. just another scam from BoA.
Definitely considering this now cause I'm stuck getting 1.5% cashback with Chase.
Bonus Cash Rewards Offer. You will qualify for $200 bonus cash rewards if you use your new credit card account to make any combination of purchase transactions totaling at least $1,000 that post to your account within 90 days of the account open date. Limit 1 bonus cash rewards offer per new account. This one-time promotion is limited to customers opening a new account in response to this offer and will not apply to requests to convert existing accounts.
If anyone has a different experience, please let me know.
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