CC Deville wrote:I saw that new 1-2-3% cash back BankAmericard. I had a Visa Signature through them and they offered me the Accelerated Cash Rewards American Express and I took it. 1.25% on everything. I think the new 1-2-3% cash rewards is a better deal.
It depends on spending patterns, but I like the new program. Also, depositing the bonus into a BofA checking account adds 10% to the bonus (25 points = $27.50), so that means 1.1-2.2-3.3% rewards. it's a pretty good deal I think.
Why are you getting a new account number? Because BofA is very BIN specific.
I see. My original account was with Fleet Bank before BofA took over.
I don't know how many times it changed, but my current card's BIN is 488893. According to Binbase.com it's a FIA Platinum. Funny, it doesn't say platinum on the card, just BankAmericard Cash Rewards. Of course it doesn't say FIA either.
I basically see Signature and World cards as a marketing ploy.
No question they are there to drive up interchange fees, but those interchange fees are worked into the price of goods anyway. I'm paying them even if I pay cash in most instances, so I might as well get the best rewards I can find.
Anyway, congrats on your 1-2-3% upgrade. Sounds like a great deal.
Thanks. I think it's a good deal, though I miss the days of 5% gas cards regardless of season. Especially now with the banks just coming back from being bailed out, its nice to see good rewards programs out there.