Sometimes credit card companies will offer targeted bonuses to existing card members to encourage them to put spending on their card. This goes beyond the initial welcome bonuses offered by the cards, and even goes bonus categories.
Continue reading: Great Targeted Bank Of America Spending Offer
Share your questions, experiences, and thoughts below.
$150 for me, but in form of selecting from a list of categories of spend that will earn 3% cash back (travel, gas, etc.). If it was on an Alaska card, I’d probably do it. But it’s only on my cash rewards. Unless they add property taxes as a bonus category . . .
I had $150 last quarter and I didn't use it.. got an email doubling it to $300 ...
Interesting, it seems that the offer you receive will depend on your prior usage of the card. I have been using my BoA Cash Rewards card frequently on 'Online Shopping' since I opened it in Jun '19. I received the following version:
"Earn up to $150 cash back on online shopping
purchases through December 31, 2019. That’s a 6%
bonus on up to $2,500 in purchases—and it's on top of
the rewards you already earn with your credit card.
Maximize your rewards
Change your 3% category to Online Shopping for the
holiday season—or choose Gas, Dining, Travel, Drug
Stores or Home Improvement and Furnishings. You can
change your 3% category once each calendar month at
bankofamerica.com/maximizemyrewards."
Now the fact that it mentions that the bonus applies 'on top of the regular rewards' seems to indicate that the final cash back rate you will get if you set your BoA Cash Rewards category to 'Online Shopping", will be 3% (regular reward) + 6% (targeted offer bonus) = 9%.
And if you are a Platinum Honors customer, it nets to 3% x 1.75 + 6% = 11.25%.
This is just mind-blowing especially given their 'Online Shopping' definition is extremely broad (any non-store purchase, with the exception of Utilities, Home Cleaning or Insurance).