MisterBill

I'd be shocked if it was credited as a result of a charge that hasn't even posted.

BTW it just popped up for me as well. Here is the fine print

Premium Rewards Statement Credit Offer with Grocery Store / Dining (Takeout) Purchase(s). You will qualify for a statement credit for the amount you spend (up to $50) on any combination of purchase transactions at eligible grocery store and dining merchants through 12/31/2020. Eligible purchase transactions include those made in the following merchant category codes (MCC): Grocery Stores/Supermarkets (MCC 5411), Freezer/Meat Lockers (MCC 5422), Candy/Nut/Confection Stores (MCC 5441), Dairy Product Stores (MCC 5451), Bakeries (MCC 5462), Misc. Food Stores (MCC 5499), Eating Places and Restaurants (MCC 5812), Drinking Places (Alcoholic Beverages), Bars, Taverns, Cocktail lounges, Nightclubs and Discotheques (MCC 5813), and Fast Food Restaurants (MCC 5814). Excluded from this offer are wholesale clubs, superstores and smaller stores (like drug stores and convenience stores) that sell groceries and other products. We do not determine which MCC a merchant is assigned. Purchases made at a merchant that does not process transactions under these MCC or purchases processed through a third-party payment account, mobile/wireless card reader, digital wallet not supported by Bank of America or similar technology where the technology does not support transmission of these MCC will not qualify. Limit one (1) statement credit per account. You will receive a $50 statement credit within 14 weeks of making $50 in combined qualifying purchases. If your combined purchases are less than $50, the corresponding credit will be posted within 14 weeks after the promotional period ends. Your account must be open with active charging privileges in order to receive this offer. If your account is converted from Premium Rewards to a different rewards program or to a card without a rewards program during the promotion, the offer is no longer valid. The statement credit will generally be applied to your existing balance with the highest APR before being applied to any balances with lower APRs. Receipt of a statement credit does not affect your responsibility to pay your Minimum Payment Due shown on each statement you receive from us. The value of this reward may constitute taxable income to you. You may be issued an Internal Revenue Service Form 1099 (or other appropriate form) that reflects the value of such reward. Please consult your tax advisor, as neither we, nor our affiliates, provide tax advice.

zorbachs

The same thing happened to me. Received the credit and then saw the popup today. Also just was offered double cash back on the cash back card if I use it at discount/electronic stores.

Stripe

This never really got answered. I'm considering the card but want to see the real details under the travel benefits. Things like "covered reason", what countries are excluded from the car rental insurance, and other fine print. Only high level info is online. I tried to call the benefits number twice. Each time I am told "you need to talk to benefits", then get transferred, then get an automated voice saying I cannot be transferred. It really does seem like they are hiding something.

abk

I had the same type of questions. They finally mailed me the benefits booklet.

Need

Woot. I almost missed out on the $50. I had been putting all my grocery and dining on the CSR for the Pay Yourself Back promo.

ebusch

I placed a $55 takeout order from a local restaurant via their online storefront, but so far the credit hasn't posted to my account.

• Transaction date: 07/25/2020
• Card type: Visa
• Transaction type: Purchases
• Merchant description: MISC FOOD STORES-SPECIALTY,CONVENIENCE,MARKET
• Reference number: 5899
• Transaction Category: Groceries: Groceries
• Online Transaction: Y

MisterBill

I'm not sure that anyone has figured out when the credit hits but it's certainly not within a week.

G2244

It is a statement credit. Mine posted as 1 line for -$50 on my most recent statement.

MisterBill

I did not get a credit on my July statement. My August statement closes next week so hopefully I'll get something then.

Putting groceries on the CSR card now isn't that great of a deal since it's only paying the base 1% (plus an extra 0.5% when you use PYB, of course). It was great back in May and June when it was 5% plus the extra 2.5%.

Need

It's not the best deal... but I need to spend some of my points now that I don't travel much.

MisterBill

I managed to cash out most of mine on the $1500 worth of groceries and other products purchased at grocery stores that I bought in June. I've also been using the card for restaurants even though I can do a little better with a BofA CR card to cash in some more points.

If/when I finally get a refund of my Singapore Air tickets from February, I will have more points to deal with.

kouichi

Making a note here. Made 3 grocery purchases on the Premium Rewards card but have not seen the $50 credit yet.
8/4 $8.98
7/14 $4.38
7/13 $42.20

Update:
got the $50 credit on 8/27

Dovster

Were they for food/dining?

G2244

It posts as a statement credit. You will likely see it then.

r.brown

Mine posted 10 days automatically after my statement

8/4 - Restaurant Purchase
8/17 - Statement Close
8/27 - $50 credit posted