BofA new Credit Cards

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
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m20e3087
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Postby m20e3087 » Wed May 16, 2012 8:33 am

Just upgraded mine from BOA AMX to this card. All I care about is no foreign fee!!
American Express: Blue Cash Everyday & Platinum

Visa Signature: BankAmericard Travel Rewards, Chase Freedom Unlimited, & Chase Sapphire

Visa Infinite: Chase Sapphire Reserve


BCF
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Postby BCF » Wed May 16, 2012 9:16 am

m20e3087 wrote:Just upgraded mine from BOA AMX to this card. All I care about is no foreign fee!!


What is your credit limit on this card? I called them to upgrade my cash rewards to Privileges, but they refused because my credit limit on my cash rewards is low. Well my CL is 5k on this card, do you think it is low?!
AMEX Blue Cash Preferred 5k
BofA Cash Rewards Visa 5k
BofA World Points MasterCard 4.4k
Kohls Store Card 300

m20e3087
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Postby m20e3087 » Wed May 16, 2012 10:24 am

BCF wrote:What is your credit limit on this card? I called them to upgrade my cash rewards to Privileges, but they refused because my credit limit on my cash rewards is low. Well my CL is 5k on this card, do you think it is low?!


Strange, my cl is $3400. Not sure why you were refused. How long have you been with them. I have had mine since 06.
American Express: Blue Cash Everyday & Platinum

Visa Signature: BankAmericard Travel Rewards, Chase Freedom Unlimited, & Chase Sapphire

Visa Infinite: Chase Sapphire Reserve

DavidNY
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Postby DavidNY » Wed May 16, 2012 11:33 am

2percentPlus wrote:I think I will end up using the Fidelity account for traveling instead of carrying my actual checking account debit card that has higher balances.


I'd probably take both cards traveling. Each has its benefits.

With the privileges you get a total of 2.2 points with BofA checking. My question is how does this convert to cash? If it's 1 point = $.01 then that's the best flat cash back I've seen.


That is a good return if its true, though for the 0.002% difference I'd need to spend $37,500 annually on that card just to cover the $75 AF.

Too bad it's Visa signature!

Why do you not like Visa Signature, because it doesn't report a CL? I prefer it to the Amex due to Visa's higher merchant acceptance. I have the Fidelity Visa just in case I can't use the Amex.

FutureBillionaire
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Postby FutureBillionaire » Wed May 16, 2012 11:34 am

After reading the reviews on other sites, I'm going to stick with the Bank of America cards that I have.
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

2percentPlus
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Postby 2percentPlus » Wed May 16, 2012 2:15 pm

DavidNY wrote:I'd probably take both cards traveling. Each has its benefits.


Well, I never use a debit card but overseas I use mostly cash except for at large merchants. So if I have enough cash at Fidelity I would use that for ATM's incase I got kidnapped or robbed, and credit card for everything else.

DavidNY
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Postby DavidNY » Wed May 16, 2012 3:14 pm

I don't mean using the debit cards for purchases, I meant for ATM usage. For international ATMs BofA is in the Global ATM Alliance, which means no fees to get foreign currency with certain foreign banks.

I'm not sure if the Fidelity debit card has good international ATM rates.

2percentPlus
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Postby 2percentPlus » Wed May 16, 2012 4:19 pm

Yeah I use my BofA for international ATM's but figured the Fidelity had no ATM fees, not sure if that's true for international ATM's. Either way it's less than a 3% foreign currency fee on a credit card.

DavidNY
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Postby DavidNY » Mon May 28, 2012 9:47 pm

2percentPlus wrote:Either way it's less than a 3% foreign currency fee on a credit card.


True. The Visa has a 3% forex fee, but the Amex only has a 1% forex fee, so with the 2% rebate I think it would still net cash back.



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