- Centurion Member
- Posts: 106
- Joined: Wed Apr 03, 2013 3:16 am
- Location: nyc/ny
that card is all sorts of pointless. i personally have a Susan G Komen card, which is exactly like the BoA 3-2-1 cashback card you have, except that it is a mastercard rather than a VISA and donates a small portion of your spend to a breast cancer research charity.
even though it has no annual fee, its features are nearly identical to the card you are getting, except that you get a 50% bonus when moving those rewards to your BoA checking account while i would only get 10%.
the biggest problem with both of these cards are those spending caps, and in your case the problem is the annual fee. for those people who don't spend a lot, they would need to spend 19K a year just to break even on that annual fee. (0.4% of 19k is about $75). for those people who spend a ton of cash a year, there are MUCH better cards out there from competing banks and credit unions. for example, Chase Sapphire preferred and Ink cards. if used correctly they pick up points ridiculously fast. Chase give 11 points per dollar spent at Khols, 3 points per dollar at Dell, etc. and those points are easily worth 1.5 cents a piece when redeeming for travel.
and as a side note, form my experience, BoA's customer support is absolutely clueless about everything. It took me a month and half and 17 calls just to get a simple product conversion done. chase did the same thing in 3 days and only 1 call, plus i got to keep my old CC number with chase.
Junk I use:
AmEx Platinum for Mercedes Benz from, 75k spending ability
AmEx Everyday 8.99% + Prime, 44k CL
Chase Ink Bold, 35k
Chase Freedom (Converted from WaMu VISA) from '07, 5.99% + Prime, 30k CL
Junk I don't use
BoA Susan G. Komen Cash Rewards (converted from World Points MC) from '07, 7.9% Fixed APR, 30k CL
Discover IT (Converted from Discover More) from '08, 5.74% + Prime, 20k CL
AmEx Clear from '07, 4.99% + Prime, 10k CL
All 3 credit scores are over 800.