A reader let us know that they received a survey from Bank of America regarding two new possible credit cards.
Bank Americard Premium Rewards
Summary of benefits:
- Card earns at the following rates:
- 2x points for every $1 spent on Travel & Dining
- 1.5x points on all other purchases
- $100 travel credit for airline incidentals
- $100 TSA Pre-Check or Global Entry Application Fee Credit (once every 5 years)
- Access to Luxury Hotel Collection
- Preferred Rewards Clients get a 25-75% bonus on every purchase (making it up to 2.625% everywhere & 3.5% on travel & dining)
- $95 annual fee
Honestly this card isn’t very interesting, it’s basically just the BankAmericard Travel Rewards Credit Card with an annual fee slightly lower than the travel credit and 2x on travel & dining. Even with Preferred Rewards 3.5% on dining & travel isn’t that exciting.
If it comes with a decent sign up bonus, I’m sure I’ll get the card but I doubt I’ll have it long term.
Store Card
They were also presented with two options for a store credit card and asked to choose between the two:
Card A
- Save 15% on today’s purchase upon approval and use your new RETAILER Visa Card.
- No annual fee
- Earns at the following rates:
- 3% at RETAILER
- 1% everywhere else
- When you hit $10 in rewards you receive a $10 RETAILER coupon
- Free return shipping on all RETAILER purchases
- Earn 10% in rewards on enrollment in outdoor skills classes offered by RETAILER
- Special Sales & Offers from RETAILER exclusively for cardholders
- Comes with competitive APR
Card B
- Save 15% on today’s purchase upon approval and use your new RETAILER Visa Card.
- No annual fee
- Earns at the following rates:
- 5% at RETAILER
- 3% on dining & travel
- 1% everywhere else
- When you hit $10 in rewards you receive a $10 RETAILER coupon
- Free return shipping on all RETAILER purchases
- Free monogramming on apparel purchased from RETAILER
- Earn 10% in rewards on enrollment in outdoor skills classes offered by RETAILER
- Donation made to a nature conservation organization with every purchase
- Special Sales & Offers from RETAILER exclusively for cardholders
- Comes with competitive APR
I don’t really get the choice, Card B is better in every single way.
Our Verdict
Obviously these surveys don’t necessarily mean these cards will actually exist at any point. Neither card is particularly exciting, but hopefully they offer a good sign up bonus or similar. I’m also sure I read about a similar survey on reddit recently, but can’t find that thread.
