Below is more information as taken from http://midatlantic.aaa.com/memberrewardsvisapopup

There appear to be more than one application, and ones through AAA sites appear to include the $50 gift card bonus after spending $250. I did not see this on the application from the BOA site. However, the BOA site ads do not refer to their Preferred Rewards program which can make this card 3.75% on travel if you qualify, which makes this a valuable card. It appears both ads refer to the same card, so it may pay to apply through an application on an AAA site.

The advertising is directed at AAA members and emphasizes the ability to redeem for their vouchers, a feature that may be of limited value if you are not a member.

However, near the end of this description is a statement that redemptions for cash or statement credits are possible. the wording is "The current redemption value for cash rewards check or deposits into a checking or savings account is 1% of the amount of the points redeemed." This implies that this feature may be changed (most likely in a downwards direction).

If, as indicated, the points can be transferred to a Fidelity American Express it may be possible to cash out with less than 5000 points.

You may also want to not the inclusions through Sep.1 of Commuter Transport/Ferries and Passenger Railways (MCC 4111 and 4112), which could be valuable for those in big cities who make heavy use of qualifying mass transit.

"AAA Member Rewards VisaŽ Credit CardAAA Mid-Atlantic Member Rewards Program Information
Earn 1 point per dollar of new net retail purchase transactions (qualifying purchases less credits, returns, and adjustments) (“Net Purchases”) charged to the card each billing cycle. Earn 2 points per dollar (consisting of 1 base point and 1 bonus point) for Net Purchases made with the card at any eligible gas, grocery or pharmacy retail merchant categories as designated by us. Eligible merchants and their associated Merchant Category Codes ("MCC") are the following: (a) Gas (MCC 5541- Service Stations and 5542- Automated Fuel Dispensers); (b) Grocery Stores (MCC 5411- Grocery Stores/Supermarkets, 5422- Freezer/Meat Lockers, 5441- Candy/Nut/Confection Stores, 5451- Dairy Product Stores, 5462- Bakeries, and 5499- Misc.Food Stores-- please note that this list does not include codes for “Discount Stores” or “Wholesale Clubs”); (c) Pharmacy (MCC 5122- Drugs/Druggists/Sundries and 5912- Drug Stores & Pharmacies). Purchases made at merchants that do not process transactions under these codes will not qualify to receive double points. Earn 3 points per dollar (consisting of 1 base point and 2 bonus points) for Net Purchases made with the card through any participating AAA Club when AAA is the merchant of record, or at eligible retail travel merchant categories as designated by us. Eligible travel Merchant Category Codes ("MCC") are the following: (a) Airlines (MCC codes 3000-3299, representing individual major airline carriers, and 4511- Airlines/Air Carriers); (b) Car Rental Agencies (MCC 3351-3441–representing individual major agencies; and 7512- Automobile Rental Agency); (c) Hotels, Motels, Inns and Resorts (MCC 3501-3999–representing individual major hotel/motel chains and 7011- Hotels/Motels/Resorts); (d) Steamship/Cruise Lines (MCC 4411); and (e) Travel Agencies (MCC Code 4722). Purchases made at merchants that do not process transactions under these codes will not qualify to receive triple points. AAA clubs located in Northern California, Nevada and Utah are not participating AAA Clubs and purchases made at those clubs will not qualify for the triple points. In addition, the following types of transactions will not qualify to receive triple points: insurance purchases made through any AAA Club or Club-affiliated insurance agency for policies which are not underwritten by an insurance company owned by or affiliated with a AAA Club; and automobile extended warranties, trip insurance or any other services that are purchased through a participating AAA Club but are provided by a third party merchant. Balance Transfers, Cash Advances, including purchases of money orders or other cash equivalents, fees, interest charges, /fraudulent transactions and certain other charges do not earn points. Points valid for 5 years. Rewards begin at 2,500 points for air, and 5,000 points for cash and AAA rewards vouchers. Air rewards may be subject to a maximum dollar value and special air arrangements require payment of additional points and a processing fee. A cash reward shall be issued for a U.S. dollar sum in the form of a statement credit, check or an electronic deposit to a Bank of America checking or savings account. The current redemption value for cash rewards check or deposits into a checking or savings account is 1% of the amount of the points redeemed. The redemption value for other reward options varies based on the type of reward and amount of points redeemed. Other significant terms apply. Program subject to change. Details accompany new account materials.$50 Visa Gift Card Offer
Must apply between February 1, 2015 and April 30, 2015.For information on the rates, fees, other costs and benefits associated with the use of this credit card, visit the website listed above or your AAA branch.

* Visa Gift Card Offer. You will qualify to receive a $50 Visa gift card after you use your new AAA Member Rewards account to make any combination of Purchase transactions totaling at least $250 (exclusive of any returns and adjustments) that post to your account within 90 days of the account open date. Limit one (1) item per new account. Offer is sponsored by Bank of America. We may substitute an item of equal or greater value and we are not responsible for lost, stolen or undelivered merchandise. This is a limited time offer and may be cancelled at any time without notice. Other advertised promotional credit offers can vary from this promotion and may not be substituted. Federal law prohibits students from receiving a premium.Bonus Points on Rail Purchases

As an added bonus, you will also qualify to earn 3 points per dollar (consisting of 2 bonus points and 1 base point) for all Commuter Transport/Ferries and Passenger Railways (MCC 4111 and 4112) transactions that post to your account through September 1st, 2015. Purchases made at merchants that do not process transactions under these codes will not qualify for the bonus points. This promotion will not impact the standard earn rate on purchases or the bonus rewards offers on travel, gas, grocery store and drug store purchases described above."