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BankAmerica Visa card bumps reward
Old 12-13-2018, 04:10 PM   #1
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BankAmerica Visa card bumps reward

Just got a mailing from Bank of America about their Cash Rewards card.
Beginning in January, you get to pick your own category for the 3% cashback bonus. Which is actually 5.25% at the Platinum Honors level ($100,000 at Merrill Lynch). No restrictions on how you redeem your reward.

2% (3.5%) at grocery stores & Sam's & Costco.

Good. I am SO SICK of having to remember which card is giving me 5% in different categories each quarter.
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Old 12-13-2018, 04:26 PM   #2
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I just got this too. Have to figure out what is my best bet each month. So, does this mean that if I choose travel related for the month I pay off my cruise, I'm going to get my 3% plus 75% bump for platinum on the entire cruise amount - or is there a cap?
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Old 12-13-2018, 04:40 PM   #3
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I got the email, too. I see how it says we can change it from month to month which is helpful because I have some spikes in at least one category they mentioned.
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Old 12-13-2018, 04:41 PM   #4
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Originally Posted by Debinnov a View Post
I just got this too. Have to figure out what is my best bet each month. So, does this mean that if I choose travel related for the month I pay off my cruise, I'm going to get my 3% plus 75% bump for platinum on the entire cruise amount - or is there a cap?
Gas is the same as before.
Grocery, Costco are the same.

The new ones are 3% for Travel, Dining, and DrugStore. They will be 5.25% for me.
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Old 12-13-2018, 04:49 PM   #5
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I need 3% for telecommunications!

And what is this generic “online shopping” category?
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Old 12-13-2018, 07:03 PM   #6
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Originally Posted by Debinnov a View Post
I just got this too. Have to figure out what is my best bet each month. So, does this mean that if I choose travel related for the month I pay off my cruise, I'm going to get my 3% plus 75% bump for platinum on the entire cruise amount - or is there a cap?
It is limited to the 2500 quarterly max for the combined 2% and 3% categories.
I have payments coming up in a cruise next year, so I in the same ahem boat.

Edit - I now recall that currently when I spent on the expense which took me over the 2500 limit, they allowed the % credit on the entire expense, so maybe it could work out.
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Old 12-13-2018, 07:07 PM   #7
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If one has 100k at ML/BOA, these cards are quite good. One will just have to keep track of the quarterly expenses up to the 2,500 limit. I currently have 2 of these cards.
I will substitute my Premier card for Dining and Travel to go from 3.5% to 5.25% and there are no annual fees.
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Old 12-13-2018, 07:33 PM   #8
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Gas is the same as before.
Grocery, Costco are the same.

The new ones are 3% for Travel, Dining, and DrugStore. They will be 5.25% for me.
Actually, you will have to choose gas as your three percent category now. Before it was set at three percent. In my experience, they are the only card to recognize Safeway gas stations as gas expenditures.
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Old 12-13-2018, 07:53 PM   #9
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Actually, you will have to choose gas as your three percent category now. Before it was set at three percent. In my experience, they are the only card to recognize Safeway gas stations as gas expenditures.
Technically not really. The gas category will be the default category and will only change if you choose a different category.
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Old 12-14-2018, 05:45 AM   #10
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5.25% on gas is good. Currently I use the PenFed card for gas (and only for gas). since they changed their categories a couple of years ago, 5% on gas is the only thing that is worthwhile. So now PenFed card will go back in the safe.
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Old 12-14-2018, 06:13 AM   #11
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5.25% on gas is good. Currently I use the PenFed card for gas (and only for gas). since they changed their categories a couple of years ago, 5% on gas is the only thing that is worthwhile. So now PenFed card will go back in the safe.

Why? If I had 5% on gas already I would choose a different category for this card and have at least 5% on two different kinds of purchases...


I think I am going to have to move money into ML... have been thinking about it for awhile but have not done anything about it so far...
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Old 12-14-2018, 06:52 AM   #12
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Anyone have any idea what that online shopping category is?

That’s the only one I would use as my other cards give same or better rates in the other categories.
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Old 12-14-2018, 07:04 AM   #13
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Gas is the same as before.

Grocery, Costco are the same.



The new ones are 3% for Travel, Dining, and DrugStore. They will be 5.25% for me.

I haven't received the email yet, or perhaps I deleted it without reading it. So what you are saying essentially is you get to pick an additional category in addition to gas and groceries and that category can change from month to month?


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Old 12-14-2018, 07:14 AM   #14
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I haven't received the email yet, or perhaps I deleted it without reading it. So what you are saying essentially is you get to pick an additional category in addition to gas and groceries and that category can change from month to month?


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No, gas is one of several 3% options. You only get one.
Groceries is already at 2%. 1% on everything else.
Gas will be the default 3% option. You can change the category.
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Old 12-14-2018, 07:15 AM   #15
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Also if I recall correctly there is a foreign transaction fee for charges made outside the US, (unlike the BOA Travel and Premium cards) on the cash back card, so travel is a good choice for the extra category only if in the US.


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Old 12-14-2018, 07:18 AM   #16
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No, gas is one of several 3% options. You only get one.

Groceries is already at 2%. So I suppose if you want you can choose it for the 3% option instead of one of the others.

OK. So I think for our situation I should make groceries the 3% (5.25%) category and switch gas to our Premium card.


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Old 12-14-2018, 07:33 AM   #17
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OK. So I think for our situation I should make groceries the 3% (5.25%) category and switch gas to our Premium card.


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Groceries are at 2%. It is not one of the 3% choices.
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Old 12-14-2018, 07:38 AM   #18
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OK. So I think for our situation I should make groceries the 3% (5.25%) category and switch gas to our Premium card.


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Sorry I later modified my response because groceries is not one of the 3% options.
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Old 12-14-2018, 03:41 PM   #19
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If you have a fair amount deposited in various BofA accounts there Visa Travel Rewards card is even better cash reward wise. The rewards points are based on your level of deposits. I easily get at least $2,000. back in cash each year for just charging everything.
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Old 12-14-2018, 03:49 PM   #20
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If you have a fair amount deposited in various BofA accounts there Visa Travel Rewards card is even better cash reward wise. The rewards points are based on your level of deposits. I easily get at least $2,000. back in cash each year for just charging everything.
Well sometimes. If one has >100k in BOA/ML then,
Travel card = 2.625% on everything
Cash rewards = 3.5% on the 2% categories, 5.25% on the 3% categories. Everything else is 1.75%.
No fees on either card.
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