Apr 20, 2018, 10:05 am
BofA Premium Rewards card
Aug 17, 2018, 10:44 pm
#361
Join Date: Sep 2003
Posts: 263
I have the regular Travel Rewards card. If I get this new card, is there a way to transfer over the points from the old card and then just cash them out for a statement credit, rather than having to match then up with travel purchases on the old card? thanks.
Aug 17, 2018, 11:39 pm
#362
Original Poster
Join Date: Jun 2008
Location: BAY AREA
Posts: 1,125
Yup. You can transfer points between both cards and cash out at 1% rate with premium card. You can even cash the points to deposited in your BofA acct instead of credit on your card
Aug 18, 2018, 10:38 am
#363
Join Date: Sep 2003
Posts: 263
Thanks. btw is there a benefit to cashing into your bank account rather than a statement credit? Like with the Cash Rewards card, I think the Preferred Rewards bonus is only applied in the former, but not the latter case.
Aug 18, 2018, 10:52 am
#364
Original Poster
Join Date: Jun 2008
Location: BAY AREA
Posts: 1,125
Only benefit is your bank acct gets bigger lol
Aug 21, 2018, 7:29 am
#366
A FlyerTalk Posting Legend
Join Date: Jul 2003
Location: Yiron, Israel
Programs: Bates Motel Plat
Posts: 68,916
I also have both cards. I haven't been using the Travel Rewards card because the points can be used at full value only for travel purposes. However, as the Travel Rewards card gives me 1.6%k back on all purchases and the Premium Rewards card only gives 1.5% for non-travel purchases, I made an experiment and purchased something with the Travel Rewards card which earned me 36 points. Today I transferred the points to my Premium Rewards card and was credited for the full 36 points. Apparently, I would be best off using the Travel Rewards card for all non-travel purchases and each month transferring my points to the Premium Rewards card.
Aug 21, 2018, 8:21 am
#367
Join Date: Nov 2014
Location: NYC
Posts: 556
For anyone confused as to why this would be the case, the TR card has the BOA "customer bonus" that gives you the bump in points without qualifying for preferred rewards., as long as you hold a BOA checking account. The PR card does not have this.
Aug 21, 2018, 1:46 pm
#368
Join Date: Jun 2005
Programs: Former UA 1K, Hyatt Globalist
Posts: 576
I also have both cards. I haven't been using the Travel Rewards card because the points can be used at full value only for travel purposes. However, as the Travel Rewards card gives me 1.6%k back on all purchases and the Premium Rewards card only gives 1.5% for non-travel purchases, I made an experiment and purchased something with the Travel Rewards card which earned me 36 points. Today I transferred the points to my Premium Rewards card and was credited for the full 36 points. Apparently, I would be best off using the Travel Rewards card for all non-travel purchases and each month transferring my points to the Premium Rewards card.
Aug 21, 2018, 6:52 pm
#369
Join Date: Nov 2014
Location: NYC
Posts: 556
Correct, if you have any tier of PR the cards have the same earning structure for non-bonused spend.
Aug 22, 2018, 6:08 pm
#370
Join Date: Apr 2018
Posts: 262
I also have both cards. I haven't been using the Travel Rewards card because the points can be used at full value only for travel purposes. However, as the Travel Rewards card gives me 1.6%k back on all purchases and the Premium Rewards card only gives 1.5% for non-travel purchases, I made an experiment and purchased something with the Travel Rewards card which earned me 36 points. Today I transferred the points to my Premium Rewards card and was credited for the full 36 points. Apparently, I would be best off using the Travel Rewards card for all non-travel purchases and each month transferring my points to the Premium Rewards card.
Similar to Chase's cash credit cards, could the BofA Cash Reward card transfer points to Travel/Premium credit cards?
Aug 23, 2018, 7:39 am
#371
Join Date: Nov 2014
Location: NYC
Posts: 556
I didn't know one can move points between Travel and the Premium card; this is good to know. But why would one have two of these cards? Travel is 1.5x on all purchases while Premium is the same except for dining/travel which is 2x.
Similar to Chase's cash credit cards, could the BofA Cash Reward card transfer points to Travel/Premium credit cards?
Similar to Chase's cash credit cards, could the BofA Cash Reward card transfer points to Travel/Premium credit cards?
No, the cash cards earn 'cash' and not points, which can't be transferred anywhere.
Aug 24, 2018, 12:52 pm
#372
formerly atomicfront
Join Date: Sep 2013
Posts: 171
I also have both cards. I haven't been using the Travel Rewards card because the points can be used at full value only for travel purposes. However, as the Travel Rewards card gives me 1.6%k back on all purchases and the Premium Rewards card only gives 1.5% for non-travel purchases, I made an experiment and purchased something with the Travel Rewards card which earned me 36 points. Today I transferred the points to my Premium Rewards card and was credited for the full 36 points. Apparently, I would be best off using the Travel Rewards card for all non-travel purchases and each month transferring my points to the Premium Rewards card.
Aug 24, 2018, 1:08 pm
#373
A FlyerTalk Posting Legend
Join Date: Jul 2003
Location: Yiron, Israel
Programs: Bates Motel Plat
Posts: 68,916
What 2 percent on everything card do you know which meets the following criteria?
1. No forex fees at all.
2. Does not cost more than $95 per year.
3. Is available to someone who lives outside of the US and has a bank account at BoA?
1. No forex fees at all.
2. Does not cost more than $95 per year.
3. Is available to someone who lives outside of the US and has a bank account at BoA?
Aug 29, 2018, 12:43 pm
#374
Join Date: Jan 2006
Location: Seattle
Programs: AAdvantage Plat+, FoundersCard, Amex Plat, TR Diamond, Marriott Gold, Wyndham Dia, HH Gold, Hertz 5*
Posts: 785
Aug 29, 2018, 8:41 pm
#375
Join Date: Dec 2007
Posts: 118
Sorry everyone! I called to see if I could get a Premium Rewards card issued as a Mastercard. The agent checked with her manager, and apparently because of the card's benefits this is not possible. I was looking forward to using this for a slightly cash positive way to pay my mortgage via Plastiq.
