As part of the Alaska Airlines/Hawaiian Airlines Atmos rebrand Bank of America has added a new benefit: 10% rewards bonus if you have an eligible Bank of America account. Personal cards require a personal account, whereas the business card requires a business account.
This is different to the preferred rewards program as that has deposit requirements and doesn’t apply to cobranded cards like this. The full terms on the personal card are as follows:
If the primary cardholder or joint cardholder (excluding authorized users) has a Qualifying Account with us, a 10% bonus will be added to the points earned with each $1 spent on Net Purchases. An active Qualifying Account is an open consumer (non-business) checking or savings account with Bank of America N.A. or an investment account with Merrill that maintains an average daily balance greater than $0 or a Bank of America checking or savings account that has had a deposit or withdrawal within 90 days. Balances are reviewed at the end of every month to determine if qualifications were met. For cardholders with a Qualifying Account all Net Purchases made with your card on or after the fifth business day of the current month through the fifth business day of the following month will earn the Relationship Bonus Points. Upon opening a new Qualifying Account, it may take up to 60 days to begin earning the Relationship Bonus Points.
Main thing to note is you need a balance of more than $0 and a deposit or withdrawal within 90 days if it’s a checking or savings account. The other thing to note is this 10% bonus is points earned on spend, not on the sign up bonus. Bank of America is currently offering a $100-$500 personal checking bonus and a somewhat targeted business checking bonus of $1,000/$1,500.
This relationship bonus is probably most interesting on the Summit card that earns 3x on foreign transaction purchases.
