Apr 20, 2018, 10:05 am
BofA Premium Rewards card
May 1, 2018, 8:23 am
#211
Join Date: Jul 2008
Posts: 171
Have a source for this? I googled the card and the webpage still says "When you enroll in the Business Advantage Relationship Rewards program, you can get an additional 25% - 75% rewards bonus on every purchase you make. That means you can earn up to an unlimited 2.62 points on all purchases – everywhere, every time."
https://www.bankofamerica.com/smallb...s-credit-card/
https://www.bankofamerica.com/smallb...s-credit-card/
Sorry i got it through my banker at BOA, had to call for it, then got a letter that it is ending in June i think it is.
May 2, 2018, 1:32 am
#212
Join Date: Jun 2009
Programs: AMEX Business Centurion
Posts: 418
I applied for this card the first day it was available, so maybe we had different versions. The one I received was extremely flimsy and cheap feeling, much thinner than any other card I have. The one I received this week feels like the SPG Amex card I have which is pretty standard for credit cards.
May 2, 2018, 1:45 pm
#213
Join Date: Sep 2011
Location: SNA
Programs: AA EXP, Hilton Diamond, Hyatt Globalist, IHG Plat, Marriott Gold, National EE
Posts: 1,204
My personal guess is that BofA is spending less money on card design and marketing (i.e. blog referrals) than Chase does on the CSR/CSP. The card does genuinely feel quite generic and low-budget.
And BofA is spending more money (on me personally in my personal situation) dollar for dollar on giving me cash rewards.
I am OK with this.
And BofA is spending more money (on me personally in my personal situation) dollar for dollar on giving me cash rewards.
I am OK with this.
May 2, 2018, 2:16 pm
#214
Join Date: Mar 2017
Programs: HHonors, TrueBlue, Delta SkyMiles, Hyatt Discoverist, Starwood Preferred Guest, American Airlines.
Posts: 2,035
My personal guess is that BofA is spending less money on card design and marketing (i.e. blog referrals) than Chase does on the CSR/CSP. The card does genuinely feel quite generic and low-budget.
And BofA is spending more money (on me personally in my personal situation) dollar for dollar on giving me cash rewards.
And BofA is spending more money (on me personally in my personal situation) dollar for dollar on giving me cash rewards.
If you get 2x UR's, you're likely getting 2-3 cents in value at a minimum, so basically 4%-6% back on travel and dining, with 2%-3% back on everything else. Notice I said, minimum.
May 2, 2018, 4:17 pm
#215
Join Date: Jun 1999
Location: NYC/LA
Programs: DL Plat, AA Plat Pro, Marriott Titanium, IHG Diamond Amb
Posts: 7,489
Seeing as UR's are more valuable in dollar to dollar earnings than what you'd get from BoA's cash rewards, I don't think so.
If you get 2x UR's, you're likely getting 2-3 cents in value at a minimum, so basically 4%-6% back on travel and dining, with 2%-3% back on everything else. Notice I said, minimum.
If you get 2x UR's, you're likely getting 2-3 cents in value at a minimum, so basically 4%-6% back on travel and dining, with 2%-3% back on everything else. Notice I said, minimum.
May 2, 2018, 10:52 pm
#217
Join Date: Sep 2015
Location: San Francisco
Posts: 91
Different people have different needs, and for a segment out there (myself included), cash back now trumps miles and points. (My personal situation is that I cannot plan vacations more than 2-3 months in advance, and am very inflexible on dates, so it's very challenging to find any premium reward space on airlines, thus greatly reducing the value of currencies like MRs, URs, TYPs, etc.)
May 3, 2018, 12:47 am
#218
Join Date: Nov 2004
Location: Los Angeles, CA; Philadelphia, PA
Programs: OZ Diamond
Posts: 6,140
Different people have different needs, and for a segment out there (myself included), cash back now trumps miles and points. (My personal situation is that I cannot plan vacations more than 2-3 months in advance, and am very inflexible on dates, so it's very challenging to find any premium reward space on airlines, thus greatly reducing the value of currencies like MRs, URs, TYPs, etc.)
LAX
May 3, 2018, 3:02 am
#219
Join Date: Sep 2011
Location: SNA
Programs: AA EXP, Hilton Diamond, Hyatt Globalist, IHG Plat, Marriott Gold, National EE
Posts: 1,204
Seeing as UR's are more valuable in dollar to dollar earnings than what you'd get from BoA's cash rewards, I don't think so.
If you get 2x UR's, you're likely getting 2-3 cents in value at a minimum, so basically 4%-6% back on travel and dining, with 2%-3% back on everything else. Notice I said, minimum.
If you get 2x UR's, you're likely getting 2-3 cents in value at a minimum, so basically 4%-6% back on travel and dining, with 2%-3% back on everything else. Notice I said, minimum.
So in my case, URs are definitely not more valuable in dollar to dollar earnings than what I'm getting from BofA cash rewards, and I don't see a way to change this. I am all ears for alternatives.
May 3, 2018, 7:12 am
#220
Join Date: Aug 2014
Posts: 1,303
Seeing as UR's are more valuable in dollar to dollar earnings than what you'd get from BoA's cash rewards, I don't think so.
If you get 2x UR's, you're likely getting 2-3 cents in value at a minimum, so basically 4%-6% back on travel and dining, with 2%-3% back on everything else. Notice I said, minimum.
If you get 2x UR's, you're likely getting 2-3 cents in value at a minimum, so basically 4%-6% back on travel and dining, with 2%-3% back on everything else. Notice I said, minimum.
May 3, 2018, 4:41 pm
#221
Join Date: Sep 2011
Location: SNA
Programs: AA EXP, Hilton Diamond, Hyatt Globalist, IHG Plat, Marriott Gold, National EE
Posts: 1,204
Recently, a Chase FU offer came out with a promotional 2x UR for the first year only. I'm not sure about the current availability of the offer. I believe the offer is only available to new applications (i.e. product changes), which means that anybody over 5/24 will have a tough time qualifying for the offer.
May 4, 2018, 4:55 am
#222
Join Date: Mar 2017
Programs: HHonors, TrueBlue, Delta SkyMiles, Hyatt Discoverist, Starwood Preferred Guest, American Airlines.
Posts: 2,035
Different people have different needs, and for a segment out there (myself included), cash back now trumps miles and points. (My personal situation is that I cannot plan vacations more than 2-3 months in advance, and am very inflexible on dates, so it's very challenging to find any premium reward space on airlines, thus greatly reducing the value of currencies like MRs, URs, TYPs, etc.)
Last edited by mikesyr18; May 4, 2018 at 5:13 am
May 4, 2018, 4:57 am
#223
Join Date: Mar 2017
Programs: HHonors, TrueBlue, Delta SkyMiles, Hyatt Discoverist, Starwood Preferred Guest, American Airlines.
Posts: 2,035
Meant 3x on dining and travel with the CSR, my mistake.
May 4, 2018, 6:03 am
#224
Join Date: Dec 2017
Posts: 29
I know this is a late reply but anyways - ETFs are included in those 30 free trades... so you can trade Vanguard (and others') ETFs for free at BofA/ML too ... Their selection of low cost mutual funds isn't great though...
May 4, 2018, 11:54 am
#225
Join Date: Apr 2009
Posts: 682
Different people have different needs, and for a segment out there (myself included), cash back now trumps miles and points. (My personal situation is that I cannot plan vacations more than 2-3 months in advance, and am very inflexible on dates, so it's very challenging to find any premium reward space on airlines, thus greatly reducing the value of currencies like MRs, URs, TYPs, etc.)