The BEST Bank of America Catch-All Credit Card
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8 ماه پیش
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In this video, we’re going
In this video, we’re going to cover the best catch-all credit cards from the Bank of America lineup. Bank of America credit cards tend to be cards to consider in the late-stage to end-game in your credit card journey because of their multiplier structure with the Preferred Rewards program.
As you build your assets and net worth, specifically with Bank of America and Merrill Lynch, these credit cards become some of the most powerful earners on the market today.
At the Platinum Honors level, these cards have the following multipliers:
The Unlimited Cash Rewards card has no annual fee and earns an unlimited 2.625% cash back on all purchases. With this card, you can redeem cash rewards for a statement credit, a direct deposit made directly into a Bank of America checking or savings account, or a deposit into a cash management or 529 account with Merrill for a redemption value of 1cpp.
The Travel Rewards card also has no annual fee, but it also has no foreign transaction fees. It earns an unlimited 2.625X points back on all purchases.
For this card, you earn points, not cash back, and these points can either be redeemed for a “travel credit” or a “cash reward,” with both of these redemption options start at 2,500 points.
The travel credit is the preferred method of redemption because the points are redeemed as a statement credit to offset a previous travel or dining purchase at a rate of 1cpp. The cash reward has a redemption value of 0.6cpp
The Premium Rewards card has a $95 annual fee, and also has no foreign transaction fees. It earns 3.5X points back on travel, 3.5X points back on dining, and 2.625X points back on all other purchases with no limits.
With this card, you can redeem your points for a statement credit, a direct deposit into a Bank of America checking or savings account, or a deposit into a Cash Management Account or 529 with Merrill at a redemption value of 1cpp. You can also redeem points in the Bank of America Travel Center for 1cpp or for gift cards.
So as you can see, there are a lot of options to choose from when it comes to a catch-all credit card from Bank of America, and depending on your goals, one of these cards could be the right one for you!
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Chapters:
00:00 Intro
00:41 Preferred Rewards and Why It Matters
03:38 The BofA Catch All Credit Cards Compared
12:59 Outro
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Note: This description contains affiliate links, meaning that I may earn a commission if you click through these links and successfully apply, sign up, or buy the product or service mentioned.
Disclaimer: I am not a financial advisor, accountant, or lawyer, and as such, I do not provide financial, tax, or legal advice. This video, and any ideas presented in it, are opinions and are provided for entertainment purposes only. Please do your own research and consult your own financial, tax, or legal professional for specific advice.
#creditcard #bankofamerica #bestcreditcards
As you build your assets and net worth, specifically with Bank of America and Merrill Lynch, these credit cards become some of the most powerful earners on the market today.
At the Platinum Honors level, these cards have the following multipliers:
The Unlimited Cash Rewards card has no annual fee and earns an unlimited 2.625% cash back on all purchases. With this card, you can redeem cash rewards for a statement credit, a direct deposit made directly into a Bank of America checking or savings account, or a deposit into a cash management or 529 account with Merrill for a redemption value of 1cpp.
The Travel Rewards card also has no annual fee, but it also has no foreign transaction fees. It earns an unlimited 2.625X points back on all purchases.
For this card, you earn points, not cash back, and these points can either be redeemed for a “travel credit” or a “cash reward,” with both of these redemption options start at 2,500 points.
The travel credit is the preferred method of redemption because the points are redeemed as a statement credit to offset a previous travel or dining purchase at a rate of 1cpp. The cash reward has a redemption value of 0.6cpp
The Premium Rewards card has a $95 annual fee, and also has no foreign transaction fees. It earns 3.5X points back on travel, 3.5X points back on dining, and 2.625X points back on all other purchases with no limits.
With this card, you can redeem your points for a statement credit, a direct deposit into a Bank of America checking or savings account, or a deposit into a Cash Management Account or 529 with Merrill at a redemption value of 1cpp. You can also redeem points in the Bank of America Travel Center for 1cpp or for gift cards.
So as you can see, there are a lot of options to choose from when it comes to a catch-all credit card from Bank of America, and depending on your goals, one of these cards could be the right one for you!
--
CONNECT with me:
▶️ SUBSCRIBE to my channel!: @thecreditfrog
👉 JOIN our membership!: https://www.seevid.ir/c/thecreditfro...
📸 Instagram: Instagram: thecreditfrog
✅ Referral Links: https://thecreditfrog.com
Chapters:
00:00 Intro
00:41 Preferred Rewards and Why It Matters
03:38 The BofA Catch All Credit Cards Compared
12:59 Outro
--
Note: This description contains affiliate links, meaning that I may earn a commission if you click through these links and successfully apply, sign up, or buy the product or service mentioned.
Disclaimer: I am not a financial advisor, accountant, or lawyer, and as such, I do not provide financial, tax, or legal advice. This video, and any ideas presented in it, are opinions and are provided for entertainment purposes only. Please do your own research and consult your own financial, tax, or legal professional for specific advice.
#creditcard #bankofamerica #bestcreditcards
8 ماه پیش
در تاریخ 1402/08/29 منتشر شده
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