TheBank of America Premium Rewards credit cardis an intriguing cash back card. If you don’t have any other banking relationship with Bank of America, then this is just a pretty average cash back card.
Continue reading: Bank Of America Preferred Rewards: How It Works
Share your questions, experiences, and thoughts below.
Although 2.65% cash back is good, I think I would still prefer 2x back in transferable points with something like the Venture X. However if you are this stage maybe you don't as many points anymore
I'm personally leaning more towards cash these days. Prices of goods go up and down. Heck, Tesla's cars have varied by at least 10%, eggs are affordable again and economy ticket prices move up and down based on demand.
Meanwhile, the depreciation game never stops when it comes to airlines or hotels. And programs are getting less reliable about issuing promised benefits.
Transfers are overrated. Flat 2.625 on everything is unbeatable. The article fails to address the true power of platinum honors.
You can get the 1,2,3 card that gets boosted to 1.75, 3.5, 5.25%.
There is the standard 1,2,3 VISA and there is also the susan G Komen 1,2,3 and if you were an early adotper you have the 1,2,3 MASTERCARD. Thats 3 cards at 5.25% of the category you choose.
I usually have them all set at online shopping. Booking flights online, hotels online all count towards the 5.25%. No other card beats that.
I have the Venture X aswell. Its a great card for the price but the points are always worth less than straight cash unless there is a rare discount on an offseason trip.
The Bofa rewards ecosystem has netted me way more return than any system I've joined.
(i have the AMEX Plat, Chase Sapphire Reserve, and Venture X for reference).