BankAmericard Travel Rewards vs Cash Rewards

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
4 posts
cbkhor
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Location: Houston, Tx

BankAmericard Travel Rewards vs Cash Rewards

Postby cbkhor » Fri Dec 05, 2014 10:09 pm

Hi,

I would like to know the value comparison of the cash rewards (3% gas, 2% groceries, 1% purchase) and the travel rewards (1.5 points per $).

how much is the 1.5 points worth if redeemed for travel?

Thanks in advance.
---
AMEX BCE - $10000
Chase Freedom - $2600
Discover IT - $3900
Capital One Quicksilver - $1700
Citibank Diamond Preferred - $3500
Members Choice Credit Union Secured - $500


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PlyrStar93
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Postby PlyrStar93 » Fri Dec 05, 2014 10:32 pm

For the Travel Rewards card, you can redeem the points for travel expense credits. Also can redeem for cash and gift cards for less value.
  1. Pay all or part of travel related expenses in recent 12 months with points [1], you can get 1¢/point, which is the maximum you can achieve (plain 1.5% back)
  2. Redeem for cash and get 0.6¢/point (likes 0.9% back)
  3. Redeeming for gift card appears to be less than 1¢/point [2], but need to log in to see offers; I have no access
Note that BofA banking customers get 10% bonus for the rewards, making it 1.65 points/$ earning. Similarly, Cash Rewards also give such bonus to banking customers.
Citi Forward Visa $5000 10/2012 | American Express Blue Cash Everyday $8000 2/2014 | Discover it $7000 5/2014
Chase Freedom Visa Signature $7000 6/2014 | Citi ThankYou Premier Visa Signature $5000 1/2015
All EMV.

cbkhor
Green Member
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Posts: 13
Joined: Mon Mar 25, 2013 12:47 pm
Location: Houston, Tx

Postby cbkhor » Wed Dec 10, 2014 10:49 pm

Thank you for the information.

So it appears that the Cash Reward card provides a better reward then.
---
AMEX BCE - $10000
Chase Freedom - $2600
Discover IT - $3900
Capital One Quicksilver - $1700
Citibank Diamond Preferred - $3500
Members Choice Credit Union Secured - $500

cbkhor
Green Member
Green Member
 
Posts: 13
Joined: Mon Mar 25, 2013 12:47 pm
Location: Houston, Tx

Re: BankAmericard Travel Rewards vs Cash Rewards

Postby cbkhor » Fri May 22, 2015 11:51 pm

Hi, is there a reconsideration line from BoA that I can call to request for reconsideration?
---
AMEX BCE - $10000
Chase Freedom - $2600
Discover IT - $3900
Capital One Quicksilver - $1700
Citibank Diamond Preferred - $3500
Members Choice Credit Union Secured - $500



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