Description: The article is about bank of america online login. The author introduces some features of the Bank of America credit card. The Bank of America provides great features for you,you can use this card to save money and do purchase online.
Today we’re going to look at an underrated credit card called the Bank of America cash rewards card,over the last four years I’ve noticed that,I’ve been getting this credit card and canceling it after I get the initial signup bonus. I got this card three times already and recently I got it one more time again,this card starts off as giving you $100 for five hundred dollars of spending within 90 days and now I get better from there.
You can get up to $175 for the $500 minimum spend in ninety days,I’ll cover the requirements of these on the whiteboard. A hundred dollars on the 500 dollar spend is good,but I got the barclays cash board card and I got $200 on a $500 sense,that is a targeted promotion,not everyone can sign up for it.
on the other hand,you can sign up for this card as long as you qualify. Now $500 spend retirement is easy to meet for most people for 90 days,that’s only a hundred sixty dollars every single month,if you’re not able to fill up five hundred dollars,you can still fill up the rest of it with an Amazon gift card or you can buy a five hundred dollar Amazon gift card and pretend you got $100 free.
Now a hundred dollars is the base amount of cashback that you can get,if you’re part of the preferred rewards from Bank of America,you need to have their checking and savings account. If you have a certain amount of money stored in their checking and savings account all combined together,this includes investment account,if it’s over 20k,you’ll get a twenty five percent boost. If it’s over 50k,you get a fifty percent boost.
Now if you have a hundred K,you’re going to get a seventy five percent boost. Once you meet this $500 requirement in 90 days,you’re going to get $100 in rewards cash,if you redeem this into your Bank of America checking account,you’re going to get a 25% bonus which is $125 on that five hundred dollar.
If you are part of the Platinum honors,$175 is good on a five hundred dollar spent,this is 35% test factor. I was talking about get $200 which is about 40%,it can be close to that aside from the China bonus. There are also categories of cash back which is year round they don’t rotate around,you can get 1% everywhere,you can get 2% groceries on wholesale clubs such as Costco,you can get 3% on gas on the surface,that sounds great.
If you’re in the final honors tier which might be hard to attain for a lot of people,but if you’re able to attain that,you can get a good reward,you’ll note that Citi double cash back gets you two percent on everything and one percent when you buy something,1.75% isn’t good,this is useless because it’s point two five percent less than the city double.
If you have that card groceries,when you boost two percent by 75% you end up with three point five percent. The Amex blue cash everyday card gives you three percent on groceries,three point five percent is better.
Lastly you have two three percent cashback on gas,if you boost it by 75%,you can act 5.25%,this is better than many different cards,most cards only go up to five percent,a lot of cards are cancelling this,it’s hard to find a gas credit card that gives you five percent these days. So 5.25% is good.
Even if you add the Platinum tier where you have $50,000 of investable assets divided between investments,you can add it all up,it’s more than fifty thousand then you can get five percent,it is still good .
There’s a $2,500 cap per quarter on these groceries,it’s about eight hundred thirty three dollars per month,it’s the comfortable limit depending on how much you spend. Everyone can take advantage of those prefer rewards depending on how much investable assets you have,you probably have a good idea of how much you can put in Bank of America already,you can take advantage of these.