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New Bank of America Credit Card $25 ($30 for Bank of America customer) per quarter for paying on time

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I was looking to open a new credit card for BOFA and found this new credit card that just released yesterday. Not sure if this is a repost BTW.


-Earn $25 in cash rewards each calendar quarter when you pay more than the monthly minimum and pay each bill on time – up to $100 in cash rewards each year
-Get an extra $5 bonus per quarter if you have at least one other qualifying account with us for an additional $20 in cash rewards per year – that's up to $120 in total cash rewards per year
-Rewards are automatically credited to your card balance or you can choose to deposit them into your savings or checking account
-No Annual Fee

0% APR for 12 months



Edit:

So for the first quarter, we pay by April 30.
For second quarter, it would be end of July
For third, it would end of October and it is end of January for the last quarter.
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Created 03-06-2013 at 10:15 AM by JV13
in Finance (2)
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Joined Feb 2011
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Kensic
03-06-2013 at 10:20 AM.
03-06-2013 at 10:20 AM.
that is very cool, i would be down to apply for this one. and cancel another one that i don't use at all from bofa
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Joined Jul 2012
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jaksiemas40
03-06-2013 at 10:21 AM.
03-06-2013 at 10:21 AM.
i wonder if BOA will still give u $25 each quarter if u dont even use the card for months...
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Joined Jun 2011
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sarang23
03-06-2013 at 10:25 AM.
03-06-2013 at 10:25 AM.
Quote from jaksiemas40 :
i wonder if BOA will still give u $25 each quarter if u dont even use the card for months...
Earn $25 in cash rewards each calendar quarter when you pay more than the monthly minimum and pay each bill on time

Monthly minimums are typically 25$ or 35$
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Joined Jun 2009
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reddragon0611
03-06-2013 at 10:27 AM.
03-06-2013 at 10:27 AM.
seems like an easy $100 in cash rewards every year, just need to use it to pay some reoccuring bill or payment a month
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Joined May 2011
L9: Master
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satanslover
03-06-2013 at 10:28 AM.
03-06-2013 at 10:28 AM.
Good card, the bonus keeps on coming.

Quote from jaksiemas40 :
i wonder if BOA will still give u $25 each quarter if u dont even use the card for months...
BankAmericard® Better Balance Rewards™ Program Information. You will earn a $25 cash reward for each calendar quarter in which all of your monthly payments are received on or before the due date and are more than the minimum payment due. You must have a payment due in each of the monthly cycles of the calendar quarter to be eligible for the quarterly cash reward; a zero balance or a credit balance does not qualify. If the primary applicant for this card has at least one checking, savings or retirement account with Bank of America N.A., a Cash Management Account®, Merrill Edge® or any other account with Merrill Lynch, Pierce, Fenner & Smith Incorporated or U.S. Trust, the card account will receive a customer bonus of $5 for each quarter you qualify, for a total of $30 per quarter.
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Last edited by satanslover March 6, 2013 at 10:28 AM.
Joined Jul 2012
Lifetime Hyatt Elite
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MilesHunter
03-06-2013 at 10:29 AM.
03-06-2013 at 10:29 AM.
Quote from jaksiemas40 :
i wonder if BOA will still give u $25 each quarter if u dont even use the card for months...
Charge $1 dollar every card cycle, pay on time, profit?
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Joined Oct 2010
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junhao123
03-06-2013 at 10:31 AM.
03-06-2013 at 10:31 AM.
If I already have BankAmericard Cash Rewards, will I be able to get this one too?
I'm assuming they'd probably reject it since they're equivalent cards?
(Just noticed this is a MasterCard, whereas the card before is Visa. Maybe it will go through?)

Would be great as a card just for paying my T-Mobile $30/mo plan.
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Joined Feb 2011
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Kensic
03-06-2013 at 10:34 AM.
03-06-2013 at 10:34 AM.
Quote from junhao123 :
If I already have BankAmericard Cash Rewards, will I be able to get this one too?
I'm assuming they'd probably reject it since they're equivalent cards?
(Just noticed this is a MasterCard, whereas the card before is Visa. Maybe it will go through?)

Would be great as a card just for paying my T-Mobile $30/mo plan.
at the same time your credit score goes up...its a win win situation
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Joined Jul 2005
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greensam88
03-06-2013 at 10:35 AM.
03-06-2013 at 10:35 AM.
Does the card still offer 1% back on purchases on top of the free $100/year for paying on time?
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Joined Jun 2012
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LordForeman
03-06-2013 at 10:36 AM.
03-06-2013 at 10:36 AM.
Do you know if this is eligible for current cards?
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Joined May 2011
L9: Master
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satanslover
03-06-2013 at 10:40 AM.
03-06-2013 at 10:40 AM.
Quote from tonewaylo :
Do you know if this is eligible for current cards?
Nope, I just asked.

Quote from greensam88 :
Does the card still offer 1% back on purchases on top of the free $100/year for paying on time?
I'd say no. There are no indications you get any other rewards.
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Last edited by satanslover March 6, 2013 at 10:42 AM.
Joined Dec 2011
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BlackHat001X
03-06-2013 at 10:45 AM.
03-06-2013 at 10:45 AM.
Quote from greensam88 :
Does the card still offer 1% back on purchases on top of the free $100/year for paying on time?
Nope. Just the $25 per quarter plus an extra $20 if you have an account with boa. So total $120 per year. No other rewards according to chat.

"Louis: BankAmericard Better Balance Rewards earns rewards only on payments.
You: okay so the $25 per quarter only correct?
Louis: The BankAmericard Better Balance Rewards credit card lets you earn up to $120 in cash rewards each year: $25 each quarter in which you pay any amount more than the minimum due each month, and every payment is on time and an extra $5 each quarter, if you have a qualifying account.
Louis: Yes, absolutely.
You: okay so no other rewards besides that right? just want to be sure
Louis: Yes."
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Joined Jan 2011
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desimillionaire
03-06-2013 at 10:46 AM.
03-06-2013 at 10:46 AM.
Sounds like a good benefit. Just charge your monthly phone bill and pay it off the following week.
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