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 their Bank of America® Customized Cash Reward credit card. No Annual fee.
Card Details:
New offer! Earn 6% cash back for the first year in the category of your choice: gas and EV charging stations; online shopping, including cable, internet, phone plans and streaming; dining; travel; drug stores and pharmacies; or home improvement and furnishings. You'll automatically earn 2% cash back at grocery stores and wholesale clubs, and unlimited 1% cash back on all other purchases. After the first year from account opening, you'll earn 3% cash back on purchases in your choice category.
Earn 6% and 2% cash back on the first $2,500 in combined purchases each quarter in the choice category, and at grocery stores and wholesale clubs, then earn unlimited 1% thereafter. After the 3% first-year bonus offer ends, you will earn 3% and 2% cash back on these purchases up to the quarterly maximum.
$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 Preferred Rewards® program, members can earn 25%-75% more cash back on every purchase. That means the 3% choice category could go up to 3.75%-5.25%. The Preferred Rewards bonus is not applied to the 3% first-year bonus.
No annual fee and cash rewards don't expire as long as your account remains open.
0% Intro APR for 15 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the Intro APR offer ends, a Variable APR that's currently 18.24% - 28.24% will apply. A 3% Intro balance transfer fee will apply for the first 60 days your account is open. After the Intro balance transfer fee offer ends, the fee for future balance transfers is 4%. Balance transfers may not be used to pay any account provided by Bank of America.
Contactless Cards - The security of a chip card, with the convenience of a tap.
This online only offer may not be available if you leave this page or if you visit a Bank of America financial center. You can take advantage of this offer when you apply now.
Slickdeals may be compensated by Bank of America.
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259 Comments
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One thing I'm not sure about is whether or not old cards get grandfathered into the enhanced categories, like the 2% back at grocery stores and wholesale clubs, etc. Does anyone know?
Why? For anyone who can afford Plat status with BoA the rewards structure is vastly better.
Plus they don't have a long history of creating fake accounts for their customers like WF does.
after you pick a category (gas, home-improvement, or online-shopping etc.), you will get 3% on that category, or 3% + upto 75% (i.e. 5.25%) if you are a BofA preferred client.
Also, I usually make the payments in-store using Apple Pay or Walmart Pay and many of these transactions track as online purchases along with my preferred client bonus. Every quarter I max out on my online category cashback.
These are counted as calendar quarters 1/1 - 3/31 and not based on billing cycles.
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I can let that money sit in Bank of America to get "preferred awards status", which after three months gives me an additional 2.25% cashback on purchases in a single category (say online stores like amazon) which assumes I know what category a purchase will be applied to (I don't).
OR I can put that 100k in treasury bills that return 5% non-competitively over 13 weeks... who the hell would pick first option???
Edit: I have nothing against this card or this deal, but definitely don't go into this card for preferred rewards...
However, using Charles S (after TD merger) for intraday trading (Thinkorswim FTW).
Old discover days, are gone.
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Have had this card for years, and have done online bill pay (through the website or the BoA app) the entire time.
Also have always received a paper statement, email notifications for statements, and can access pdf statements online going back to 2016 (when I opened the card).