Anybody that reads this blog regularly knows that I’m a sucker for a credit card rewards survey. Reader Michael D received one from Bank of America yesterday regarding the Bank of America Cash Rewards card, they asked questions regarding the current benefits but one of the questions was regarding a new Bank of America credit card they are considering:
I suspect they aren’t considering a new card at all, but more thinking of changing the current Cash Rewards card to the above structure. For reference the current card offers the same but you don’t receive your own choice of a 3% category instead all cardholders receive gas as their 3% card. The spending limit is currently $2,500 per quarter whereas this would be $10,000 annually. The survey also asked for other suggestions for 3% categories. Keep in mind that 3% isn’t a huge category bonus, but it does become up to 5.25% with Preferred Rewards status.
