2023.6 Replace: The brand new supply is 75k. That is the very best supply on this card.
Utility Hyperlink
Advantages
- 75k supply: earn 75,000 factors after spending $5,000 in first 90 days. That is the very best supply on this card.
- The factors may be redeemed in direction of assertion credit score or deposited into BoA Checking/Financial savings account at 1:1 ratio. You too can redeem them in BoA journey portal and get a 20% off, so on this means the factors may very well be value 1.25 cents/level. Due to this fact the 75k signup bonus is value about $937.5.
- Incomes 2x factors per greenback spent on journey and eating, earn 1.5x factors elsewhere.
- BoA Most well-liked Rewards program: When you have 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 if you’re in Gold tier ($20k or extra in stability); 50% if Platinum tier ($50k or extra in stability); 75% if Platinum Honors tier ($100k or extra in stability).
- $300 Airline Incidental Credit score: stand up to $300 per calendar 12 months in Airline Incidental Assertion Credit for qualifying purchases like seat upgrades, baggage charges, in-flight providers and airline lounge charges.
- $150 Life-style Credit score: stand up to $150 per calendar 12 months in assertion credit for life-style conveniences, together with streaming providers, meals supply, health subscriptions and rideshare providers.
- Precedence Go Choose (PPS) airport lounge entry.
- $100 credit score towards TSA Pre or International Entry.
- No international transaction charge.
Disadvantages
- $550 annual charge, not waived first 12 months.
Really useful Utility Time
- We suggest you apply for this card after you’ve a credit score historical past of at the least one 12 months.
- [New] 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 absolutely up to date but, it’s possible you’ll not get declined due to this rule. As an alternative, it’s possible you’ll get accredited at first, after which the account will likely be closed due to “accredited in error”.
- [New] This card won’t be accessible to you in case you presently have or have had the cardboard within the previous 24 month interval.
Abstract
This card is like an upgraded model of BoA Premium Rewards. They even have the identical incomes construction. This card comes with a hefty $550 annual charge. Even when you should use up all of the $300 airline incidental credit score and $150 life-style credit score, you continue to must pay $100, principally just for the PPS playing cards. For those who use the factors in direction of journey through BoA journey portal, then the factors worth turns into 1.25 cents/level, then the spending rewards is first rate. However there are clearly limitations (in comparison with redeeming for assertion credit score) in case you redeem the factors on this means. All in all, in my view, there are different aggressive premium playing cards, due to this fact I don’t suppose this one is value holding for long run. It is just appropriate to have it for a 12 months if/when you’ve amassed a whole lot of BoA factors.
Associated Credit score Playing cards
Greatest Downgrade Choices
After Making use of
- Click on right here to examine BoA utility standing.
- BoA reconsideration backdoor quantity: 877-383-0120 or 866-811-4108. Plainly the quantity is altering. Please inform us directly if it fails. The representatives right here can get in contact with decision-makers immediately.