BOA Accelerated Rewards AMEX Question

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whoo hoo
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BOA Accelerated Rewards AMEX Question

Postby whoo hoo » Tue Nov 15, 2011 5:51 pm

I currently have a 1-2-3 BankAmericard that is unfortunately a VISA Signature (try as I might, the only way I can get the Platinum Plus version is to reduce my limit to sub-5000). Does the BOA Accelerated AMEX report its actual limit to the CRAs? If so, I'm thinking of converting.


CC Deville
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Postby CC Deville » Tue Nov 15, 2011 9:23 pm

I have the BofA Accelerated Cash Rewards Amex and it does report the limit. Because it is a revolving Amex card, they do report the limits.

If this is your only Visa signature though, why change it? Citibank started reporting limits on World MasterCards and Visa Signature's in March and as of 11/6 Chase has begun to report the limits on their World MasterCards and Visa Signature's. It is only a matter of time now before BofA will follow suit. The 3-2-1 BankAmericard Cash Rewards is far superior to the Accelerated Rewards Amex, so why change? If you have other cards that report a limit, having one or two Signatures really wont hurt your score.

whoo hoo
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Postby whoo hoo » Tue Nov 15, 2011 9:44 pm

Frankly, I would convert the Visa Signature to the Accelerated just for its effect on my score. I currently use the card just enough to keep it going.

You're right in that the BankAmericard is superior to the Accelerated but I have individual cards that are better than the 3-2-1. However, I suppose I will wait in hopes that BofA comes around.

Since I have your attention: which Citibank card is the rotating categories one and why have I heard mention of 2% for these categories and not the 5% a la Discover/Chase?

FutureBillionaire
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Postby FutureBillionaire » Wed Nov 16, 2011 1:41 pm

I have the Visa Signature card and agree with CC Deville. I have many other cards to having one Signature card doesn't hurt me. I actually think it can help in that I could get approved for another card somewhere else since they won't show me having so much available credit.
Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
Plane tickets: CSP
Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
Clothes: Express, Amex BCP, Discover IT
Amazon: Citi Forward, Cash +
Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
Hotels and other travel: Discover Escape, CSP
Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
Balance transfers: Kroger 123 rewards
Bill Pay: Chase Ink Plus, Citi Forward
Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape

CC Deville
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Postby CC Deville » Wed Nov 16, 2011 5:09 pm

whoo hoo wrote:Frankly, I would convert the Visa Signature to the Accelerated just for its effect on my score. I currently use the card just enough to keep it going.

You're right in that the BankAmericard is superior to the Accelerated but I have individual cards that are better than the 3-2-1. However, I suppose I will wait in hopes that BofA comes around.

Since I have your attention: which Citibank card is the rotating categories one and why have I heard mention of 2% for these categories and not the 5% a la Discover/Chase?


The Citibank cash card with 5% rotating catagories is the Citibank Dividend World MasterCard (Citibank reports limits on World/Signature). It is 1% on everything and 5% on quarterly catagories that change. They send me offers all the time for 20% bonus cash for certain months of the year. For instance, I just got an offer for a bonus 20% through the holiday season.

They have another cash card that they no loner market called Cash Returns. It is a flat 1% on everything. But I have not heard of a Citibank card with only 2% cash back.

whoo hoo
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Postby whoo hoo » Wed Nov 16, 2011 6:00 pm

Thanks for the information. Maybe it's time I convert my Diamond Preferred so I can have three rotating categories cards. It looks like the card I was thinking of is the Citi Dividend Platinum Select Mastercard:

https://www.citicards.com/cards/wv/filter1Search.do?constituent=CONSUMER&attrs=CC_CASH_BACK&x=38&y=3

"At least 2% cash back in popular, rotating categories each quarter."

CC Deville
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Postby CC Deville » Thu Nov 17, 2011 8:58 pm

whoo hoo wrote:Thanks for the information. Maybe it's time I convert my Diamond Preferred so I can have three rotating categories cards. It looks like the card I was thinking of is the Citi Dividend Platinum Select Mastercard:

https://www.citicards.com/cards/wv/filter1Search.do?constituent=CONSUMER&attrs=CC_CASH_BACK&x=38&y=3

"At least 2% cash back in popular, rotating categories each quarter."


The link you provided is out-of-date. On the very bottom it has copywrite 2010 Citigroup and the top of the page is Citibank's older banner (Citibanks banner is now dark blue at the top). Earlier this year, Citibank changed the Dividend Platinum Select card into a a Dividend World MasterCard. The Platinum Select version is mostly now used for college students. Now, it is not uncommon for outdated links to appear with Citibank, and they will sometimes allow you to apply using the older link/offer. For instance, I have within the last year found links to older Citibank pages that still offer the Cash Returns and Driver's Edge cards-even though they are no longer marketed.

It is possible that they are only offering "up to 2%" with the offer you found because it is the Platinum version. The higher level the card (standard, Gold, Platinum, World, World Elite for MasterCard and classic, Gold, Platinum, Signature for Visa) the higher interchange fee the bank gets from the merchants you use your card at. So, since they have largely upgraded existing Platinum Select Dividend cards to World Dividend cards and market the World to new cardholders, they are only offering the 5% back on the World cards and 2% on the Platinum-if someone chooses to apply with that outdated link.

Here is the new link directly from the Citicards website:

https://creditcards.citi.com/credit-cards/citi-dividend-card/

Obviously, you would be upgrading your existing card to the Dividend. Citibank should automatically send you the World version and your account number should not change.

whoo hoo
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Postby whoo hoo » Sun Nov 20, 2011 3:01 am

I must have stumbled onto that link in an outdated thread somewhere. Thanks for the heads up.



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