Author Topic: BankAmericard Better Balance Rewards Card new approvals - Earn $25 per quarter for paying on time  (Read 5736 times)

Offline SPGDUDE

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Offline doctorman

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any comment on this credit card

I have a world points that I dont use from BOA.
should I switch to this?

Offline htg123

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From what I understand about this card...if u have boa checking account. They will pay you 120 a year paid quarterly just for having the card and not using it. So there's no need for you to use it and there's no annual fee. In the branch they only like offering it to ppl who say they do a lot of spending on their cards

Offline yitzf

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From what I understand about this card...if u have boa checking account. They will pay you 120 a year paid quarterly just for having the card and not using it. So there's no need for you to use it and there's no annual fee. In the branch they only like offering it to ppl who say they do a lot of spending on their cards

From the T&C
Quote
Your account must remain open and you must have a payment due in each of the monthly cycles of the calendar quarter to be eligible for the quarterly cash reward; a zero balance or a credit balance does not qualify

So you need to actually use the card and make a payment.

Offline mbch

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They will pay you 120 a year paid quarterly just for having the card and not using it. So there's no need for you to use it
"You will earn a $25 cash reward for each calendar quarter in which all of your monthly payments are received on or before the due date and are more than the minimum payment due. Your account must remain open and you must have a payment due in each of the monthly cycles of the calendar quarter to be eligible for the quarterly cash reward"
So if you dont use it at all you wont get the money but as long as your bill is more than the minimum payment, youre good.

Offline compddd

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So you can't just charge $5 to it every month and pay it off, you need to charge enough so that the minimum payment is less than the monthly bill?

Offline mbch

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Thats what it seems. But IME minimum payments arent too high

Offline Drago

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Hmm, just got mine in the mail after canceling a diff BOA card due to the fee.
I'll look into this some more and post back here.

(FYI, there is some discussion about this card in a different BOA related thread)

Offline 3ZeroT

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So you can't just charge $5 to it every month and pay it off, you need to charge enough so that the minimum payment is less than the monthly bill?

No need, a payment in full also qualifies - from program rules:

"Qualifying Payment — A monthly payment received on or before the Due Date, which is more than the Minimum Payment due; a payment in full received on or before the Due Date is a Qualifying Payment"

Offline gogreen

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make sure you dont pay off the balance before the statement closes, you need to have a payment due on the statement.

Online Zevwolf

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Do you need to have a checking account with them to qualify for the $25?

Offline Yeki89

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what about 2 cards?

Offline yoss6400

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not worth a pull
"Credit Cards delaying arguments for 30 Days"

Offline shmooz

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i have this card and setup autopayment (which is more complicated than most cards) is there any easy way to automatically charge a few dollars every month? dont want to do any significant charge, like phone bill, and cant seem to remember to carry around and use once a month.

Online etech0

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i have this card and setup autopayment (which is more complicated than most cards) is there any easy way to automatically charge a few dollars every month? dont want to do any significant charge, like phone bill, and cant seem to remember to carry around and use once a month.
you can do an automatic serve load of a few dollars
Workflowy. You won't know what you're missing until you try it.

Offline shmooz

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you can do an automatic serve load of a few dollars

thanks any other ideas? dont have serve

Online etech0

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thanks any other ideas? dont have serve
do you have any other small monthly bills?
Workflowy. You won't know what you're missing until you try it.

Offline normallyavoyeur

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You can set up a small automatic donation to tzedakah. Lots of them have that option.