AS BofA Visa - Multiple Personal Cards No Longer Allowed (24-Month Waiting Period)
Jan 5, 2019, 9:00 pm
#1
FlyerTalk Evangelist
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Join Date: Dec 2007
Location: BOS/ORH
Programs: AS 75K
Posts: 18,323
AS BofA Visa - Multiple Personal Cards No Longer Allowed (24-Month Waiting Period)
Good news for some bad for others. You can no longer apply for AS Visa if you have an open AS Visa card. You have to close all of your AS Visa cards and wait 24 months from when they were cancelled to apply again.
https://www.doctorofcredit.com/bank-...h-rewards-etc/
So if you want to continue getting more than 1 companion cert per year, do not close your existing cards. Must be AS doing. I wonder if AS will be limiting purchase of miles at some point as well?
https://www.doctorofcredit.com/bank-...h-rewards-etc/
So if you want to continue getting more than 1 companion cert per year, do not close your existing cards. Must be AS doing. I wonder if AS will be limiting purchase of miles at some point as well?
Jan 5, 2019, 9:34 pm
#2
Join Date: Jul 2018
Location: sometimes, strangely, I find myself at home
Programs: I need to do better in managing my affiliations. Oops, I overshot the runway for status next year.
Posts: 651
I understood it to be essentially: Just wait 24months before getting additional cards.
"This Cash Rewards card will not be available to you if you currently have a Cash Rewards card unless you have had that Cash Rewards card for at least 24 months."
"This Cash Rewards card will not be available to you if you currently have a Cash Rewards card unless you have had that Cash Rewards card for at least 24 months."
Jan 5, 2019, 11:34 pm
#3
Moderator: Alaska Mileage Plan
Join Date: Feb 2005
Posts: 12,318
More likely BofA's doing. All the major credit card issuers are evaluating the costs of their rewards programs and cutting back where they believe it is appropriate.
Video killed the radio star and bloggers and maximizers killed the bank cards' extravagances.
Video killed the radio star and bloggers and maximizers killed the bank cards' extravagances.
Jan 6, 2019, 4:29 am
#4
Join Date: Apr 2009
Location: YYF/YLW
Programs: AA, DL, AS, VA, WS Silver
Posts: 5,951
Bank of America now added a new 24-month restriction whereby, generally, you can not get any given BofA credit card if you got that card in the last 24 months.
On the other hand, for the Alaska and Premium Rewards cards, you can only get approved if you don’t have the card and you haven’t had it in the prior 24 months.
Jan 6, 2019, 4:42 am
#5
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Join Date: Dec 2007
Location: BOS/ORH
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If AS is paying them for the points why would they care? Though the other non AS cards could indicate a joint decision. I guess its not a coincidence AS has been cutting back on benefits since they lost so much money on the VX acquisition
Last edited by CDKing; Jan 6, 2019 at 6:30 am
Jan 6, 2019, 6:41 am
#6
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Location: Pacific Northwest
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Jan 6, 2019, 9:39 am
#7
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Join Date: Oct 2014
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Other way around. AS is not paying BoA to give you miles. BoA is buying the miles from AS to give to you
I'm sure that they get a great rate (BoA is not paying 2c like we have to) but any time you get AS miles from someone other than AS, the third party is paying AS for those miles. Same with milage plan dining, shopping, partner flights credited to AS, etc, etc.
I'm sure that they get a great rate (BoA is not paying 2c like we have to) but any time you get AS miles from someone other than AS, the third party is paying AS for those miles. Same with milage plan dining, shopping, partner flights credited to AS, etc, etc.
Jan 6, 2019, 12:25 pm
#8
Join Date: Mar 2017
Location: British Columbia
Programs: AS MVPG100K, Marriott Marriott Titanium Elite, Hilton Gold
Posts: 7,263
Other way around. AS is not paying BoA to give you miles. BoA is buying the miles from AS to give to you
I'm sure that they get a great rate (BoA is not paying 2c like we have to) but any time you get AS miles from someone other than AS, the third party is paying AS for those miles. Same with milage plan dining, shopping, partner flights credited to AS, etc, etc.
I'm sure that they get a great rate (BoA is not paying 2c like we have to) but any time you get AS miles from someone other than AS, the third party is paying AS for those miles. Same with milage plan dining, shopping, partner flights credited to AS, etc, etc.
James
Jan 6, 2019, 2:34 pm
#12
Join Date: Apr 2007
Location: The Far, Far North
Programs: Alaskans fly everywhere on any aircraft going there!
Posts: 1,262
I'm guessing thhat B of A has to buy all those miles we get every month....wonder how many that is. Then they may pay AS for using their images etc. but wonder if that would be considered "card generated" income. Wonder if they include fares that are charged to the BofA card as, in whole or in part, as card generated...given a choice and getting lots of miles, I imagine there is some extra coming in as people choose Alaska and use their BofA card. Brain is fried...can't think what else is possible card generated income. It would be interesting to know how many BofA AS cards are in use and what the average monthly spend is for each type.
Jan 7, 2019, 12:04 am
#13
Join Date: Apr 2009
Location: YYF/YLW
Programs: AA, DL, AS, VA, WS Silver
Posts: 5,951
It's not guessing; it is public knowledge that banks pay airlines for miles earned on affinity credit cards. I think the exact rate in the contract as well as the details of how it's paid out (ie is it strictly per mile? is there some sort of threshold the bank promises? Does the rate fluctuate depending on volume or other factors? etc) are commerical-in-confidence, but typical guesses are in the 1.5 cent per mile range for typical airline credit cards (not specifically BofA/AS).
Jan 7, 2019, 12:58 am
#14
Moderator: Alaska Mileage Plan
Join Date: Feb 2005
Posts: 12,318
I think the exact rate in the contract as well as the details of how it's paid out (ie is it strictly per mile? is there some sort of threshold the bank promises? Does the rate fluctuate depending on volume or other factors? etc) are commerical-in-confidence, but typical guesses are in the 1.5 cent per mile range for typical airline credit cards (not specifically BofA/AS).
Last edited by dayone; Jan 7, 2019 at 10:34 pm Reason: Clarity.
Jan 7, 2019, 6:12 am
#15
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