I've just never been able to get enthused about this card. My personal rule of thumb is to only open 1 card every 1-2 years and this one just never makes the short list. Sure I could just violate my rule and apply anyway, but I still don't really see it as worth it.
To My Credit wrote:To anyone considering getting this card, do know that if you don't have a BoA Checking or Savings account, things are a lot more complicated. You'd be getting $5 less every quarter, and you'd be getting the $25 quarterly rewards as a statement credit, meaning you're going to have to spend more than $25 on that particular billing cycle to qualify for the next quarter's bonus. If you have a BoA Checking or Savings account, you can set it up so the rewards are deposited into your Checking or Savings account, automate monthly payments and autopay, and forget about it as you watch the money trickle in quarter-by-quarter.
Perhaps this is a big reason why it isn't worth it to me. I don't use BofA for deposit accounts and am not really interested in starting. It would be a bit more of a hassle for slightly smaller rewards.
I love my BofA Cash Rewards card and really enjoy using it. I just can't imagine being too enthusiastic about using the BBR card. It would just put a small recurring charge on it and I guess the rewards on that and stability would be nice but...I don't really know I'm just very meh about it.
Congrats on getting it and to those that have it though. I'm sure it's great under a lot of circumstances, but it just doesn't really entice me personally.