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
Written by
Edited September 3, 2021
at 09:51 AM
by
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.
in
Credit Cards
(4)
Bank of America - Bank Advertiser
119 Comments
Your comment cannot be blank.
Featured Comments
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)
Sign up for a Slickdeals account to remove this ad.
Why don't u just keep both, and use the card base on what u r purchasing
I have the travel card, that red cash card (with bonus category) - I might as well get this one at some point. Basically use this for most purchases with Preferred Reward - and just use the travel card, if i need it for foreign transactions/vacation.
I'm in the market for a 2%+ every day spending card as we don't travel and I have categories covered already. I'd be a brand new BoA client; have no relationship with them currently. I do have $100k I can move to Merrill Edge (taxable brokerage account)
It seems that to qualify for the Platinum Honors (or any "rank" in the Preferred Rewards), you need 3 months of history right? So for me, this would be a simple 1.5% card until I've had the $100k there for 3 months?
Terms and conditions for the Preferred Rewards system also require a BoA checking account (which I wouldn't use).
Does anyone know if BoA will instantly bump you to platinum if you transfer the $100k as a new client?
I'm in the market for a 2%+ every day spending card as we don't travel and I have categories covered already. I'd be a brand new BoA client; have no relationship with them currently. I do have $100k I can move to Merrill Edge (taxable brokerage account)
It seems that to qualify for the Platinum Honors (or any "rank" in the Preferred Rewards), you need 3 months of history right? So for me, this would be a simple 1.5% card until I've had the $100k there for 3 months?
Terms and conditions for the Preferred Rewards system also require a BoA checking account (which I wouldn't use).
Does anyone know if BoA will instantly bump you to platinum if you transfer the $100k as a new client?
and their brokerage accounts aren't great. people complain about fees, hard to use, .etc.
The best is if you can move a retirement account. Something where you don't actively trade.
and their brokerage accounts aren't great. people complain about fees, hard to use, .etc.
The best is if you can move a retirement account. Something where you don't actively trade.
Luckily in this account I just hold an S&P500 ETF and don't do much beyond the occasional buy in.
Sign up for a Slickdeals account to remove this ad.
and their brokerage accounts aren't great. people complain about fees, hard to use, .etc.
The best is if you can move a retirement account. Something where you don't actively trade.
FWIW I'm not necessarily a day trader, but I do trade moderately often (including in my IRA) and I don't find their fees any different than most brokers.
The software is... fine? Not awesome- but the only thing really lacking compared to others is you can't assign specific tax lots when you get exercised on sold call options online... you have to either call them to do it, or for folks with 100k+ accounts you'll have a personal banker type person you can email to do it.
If you are a preferred reward member (even at platinum tier-2nd tier of 50,000 USD or above in savings/checking/edge), this beats any other cash back cards out there with cashback of 2.25%.
That all being said, even at 15000 spending, 2.625% would yield 393.75 compared to 300 of 2% (other competitors like Wells Fargo, PayPal, Citi). This is 93.75 difference.. something to think about.
This is no brainer for folks who are already in BofA ecosystem, however.
Sign up for a Slickdeals account to remove this ad.
Why would it be worthless? Its 15-18 months 0 APR?