2022.8 Replace: This card is discontinued, as all earlier software hyperlinks are lifeless. Now in BoA app, there’s a reminder that claims this card shall be robotically transformed to a different weak AAA card issued by one other financial institution. R.I.P.
2021.8 Replace: One thing unusual is going on to this card: The unique software hyperlink on BoA is now redirecting to a common bank card listing web page. The applying hyperlink on AAA continues to be alive, however there isn’t any language in regards to the Most popular Rewards program any extra within the phrases. If the Most popular Rewards program not applies to this card, then this card is basically ineffective.
2021.6 Replace: Though this card existed for fairly just a few years, I didn’t take note of it. It’s truly an excellent card when you have some cash in BoA and attain the Platinum Honors tier.
Utility Hyperlink
Advantages
- $200 provide: earn $200 assertion credit score after spending $1,000 in first 3 months.
- Earn 3x factors on eligible journey and AAA purchases; earn 2x factors on fuel, grocery retailer, wholesale membership and drugstore purchases; earn 1x factors in all places else. No cap.
- The best way to redeem the factors: you may redeem the factors for assertion credit score at a set ratio 1 cent/level. You too can redeem the factors for AAA purchases with a 40% worth bonus, which makes the ratio 1.4 cents/level.
- BoA Most popular Rewards program: When you’ve got checking/financial savings/brokerage account in BoA or Merrill Edge, you may earn extra factors primarily based on the quantity of asset. Earn extra 25% rewards in case you are in Gold tier ($20k or extra in steadiness); 50% if Platinum tier ($50k or extra in steadiness); 75% if Platinum Honors tier ($100k or extra in steadiness).
- No overseas transaction price.
- No annual price.
Disadvantages
- You must be an AAA member to get this card. The bottom tier membership price is $60 per yr.
Really useful Utility Time
- 2/3/4 Rule: BoA will solely approve you for at most: 2 playing cards per rolling 2 months; 3 playing cards per rolling 12 months; and 4 playing cards per rolling 24 months. As a result of their IT system hasn’t been totally up to date but, it’s possible you’ll not get declined due to this rule. As a substitute, it’s possible you’ll get authorised at first, after which the account shall be closed due to “authorised in error”.
Abstract
If you happen to don’t have some huge cash in BoA, then this card isn’t helpful in any respect.
Nevertheless, when you have put $100k in Merrill Edge and attain the Platinum Honors tier with 75% bonus, then issues turn out to be fascinating. The incomes construction then turns into: 5.25% on journey, and three.5% on fuel, grocery retailer, wholesale membership and drugstore, no cap. 3.5% cashback on wholesale membership with no cap actually makes it the highest incomes card on this class.
After Making use of
- Click on right here to test BoA software standing.
- BoA reconsideration backdoor quantity: 877-383-0120 or 866-811-4108. It appears that evidently the quantity is altering. Please inform us directly if it fails. The representatives right here can get in contact with decision-makers instantly.
Historic Affords Chart
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