MemberSince99 wrote:Tubpbs wrote:On the topic of BoA...what does everyone make of their card lineup? Why the whole lot of nothing? I do think they get a major chunk of regular cash back seeking customers, but they have nothing to offer most consumers in the way of a medium or higher end card (at least not publicly, I know they have some hidden cards?? - is that right or did I make it up?).
I'm curious what everyone else thinks.
Do you mean high end as in amex platinum or Chase Palladian?
In that case you are right I don't know of anything comparable they offer.
It depends on what you are looking for. They have no annual fee on their base cards and decent rewards. That may work well for some. They also give a ten percent bonus if you have checking with them. And some timed offers like say ten percent on your next Starbucks purchase can be really good as well. I liked that.
So I wouldn't say they are bad really.
There have been a few premium cards, though I'm not sure which are still available: Octave, Merrill+, Accolades.
BofA's boring cash back cards can be attractive for someone who:
1. has $100k in brokerage assets
2. doesn't travel much, and doesn't like to deal with complicated loyalty programs
3. just doesn't like the idea of bonus hunting, changing cards each year, or having AF cards
4. would pay fees for investment advisory services, anyway (or is willing to use Merrill Edge to avoid them).