Bank of america rewards debit card program
These are rewards in a more or less regular year.
Gold, up to 30, platinum, up to 100, platinum Honors.
OR it could be that the prices are higher on the Concierge Desk than booking directly- or that might not be the case but - transferring the.5 points accumulation on the Travel Rewards BoA card to a regular BoA rewards card might.Other fees may apply, merrill Edge, online Investing - Merrill Edge, online Investing, platinum and Platinum honors clients enjoy 0 equity and ETF trades and all Relationship Rewards clients benefit from a complimentary financial review that could identify significant money-making opportunities for your business.The Bank of America Premium Rewards credit card offers no such transfers.Your answers to such questions will guide your decision.Preferred Rewards program makes big difference, the secret weapon of any Bank of America credit card is the banks.(See reviews below from others.) The regular 'Rewards' card has 'concierge travel service'- where you pay for the travel with your points directly.More on that in a bit.Our calculator can take care of the math; the rest is up to you.Travel creditS, the Bank of America Premium Rewards credit card gives you up to 100 in statement credit for incidental airline fees such as checked bags, seat upgrades, in-flight food and beverages, and lounge passes.(Eg, if you have 50,000 points, you have to have spent at least 500 dollars- on travel expenses (anything from bus and plane tickets or hotels, to cabs or to buy or refill metro / subway / public transportation fares.) If you have 50K points.
A customer service rep told me I could accumulate.5 points per purchase on my BoA Travel Rewards card (the 'regular' rewards card only gives 1 point per dollar charged, so that's not cost-effective) but that I could then transfer the accumulated Travel Reward Card.
But the Bank of America Premium Rewards credit card and the Chase Sapphire Preferred Card are similar enough that perks and features beyond rewards rates could tip the scales.
Bottom line: If youre a Preferred Rewards member, the Bank of America Premium Rewards credit card is your winner.
See NerdWallet's best travel credit cards of 2017 Want to dive deeper?
Chase Sapphire Preferred Card.
It might not work- it was a suggestion from a rep, I haven't tried it yet.
Despite its name, the new, bank of America Premium Rewards credit card isnt exactly on the level of premium cards such.At Preferred Rewards Gold level, those rates rise.5 and.875, respectively.However, points on the Chase Sapphire Preferred Card are worth.25 cents apiece when you redeem them for travel booked through Chase, while points on the Bank of America card are worth 1 cent apiece regardless of how you redeem.However, the Bank of America Premium Rewards credit card gives you travel credit that, if you use it, more than makes up for the fee every year.Earn the full credit which you could do on a single round trip with two people each checking a bag each way and the card effectively pays you 5 a year after the annual fee.The basics, annual fee, after the first year, it costs the same to carry either of these cards.Shopping in-store, in-app or online with your Bank of America Mastercard debitVisa Debit card just got easier.Otherwise, well start with these cards basic features, and then compare them point by point.Sign-up bonus, in point terms, the bonuses on both cards are comparable, but you can get more value from the bonus on the Chase Sapphire Preferred Card, depending on how you redeem.If youre not a Preferred Rewards member, your effective rewards rates on the Bank of America Premium Rewards credit card are the standard 2 for travel/dining olive cotton portrait prize and.5 for everything else.View all payment options.
Travel charges on the card, which are 'covered by points'- you end up paying interest on the charges during the delay period before BoA gets around to reimbursing you for your travel purchase.
So weve created a calculator to do the rewards math for you: This calculator does not take into account the sign-up bonuses on the cards or the value of the Global Entry/TSA PreCheck benefit on the Bank of America Premium Rewards credit card.