Ashish Bhatia
Level 2 Member
Are there other banks which reward preferred clients with higher cashback rate like Bank of America? I am looking for something which can give me consistently 3% to consider switching.
Question: Credit card cashback bonus like Bofa?
- Thread starter Ashish Bhatia
- Start date
Ashish Bhatia
Level 2 Member
Well, the BofA travel rewards card is 1.5% cash back before (max of 75%) bonus. Currently, Citi Double cash sets the baseline to 2%. If something can set my baseline to 3%, I would love to consider switching to that as my default card.
Ashish Bhatia
Level 2 Member
I live in CA, I did consider JCB. One problem is that its acceptance is as good as Discover. Second, the award system is convoluted, eg. if you spend 99$ a month, you get no cash-back at all.
donuteric
Level 2 Member
Agreed, but you have to compromise some to get some. I regularly use the combo AMEX OBC and PP Debit to get over 5%, up to 50k a year, but that route is slightly more complicated and it comes with its own problems as well.
For straight cashback, I'm not sure if there's anything better than the BOA in the market now.
For straight cashback, I'm not sure if there's anything better than the BOA in the market now.
kodiak jack
Level 2 Member
The very best you can do is the BOA travel rewards. You get 1.5% baseline rewards, which is increased by 75% if you have over 100k with them. That gets you 2.625% "cash back." I put it in quotes, b/c you actually have to have some travel expenses for it to work. You just charge any travel expense to the card, then click on their website to get reimbursed.
Nothing else really approaches this 2.625% for non-bonused spending.