Bank of America will discontinue the Better Balance Rewards card for new applications starting at the end of May. They’ll also roll out a no-balance-transfer-fee card, similar to Chase’s Slate.
A BofA worker let us know about this based on a memo that was sent out. You can still apply for a BBR card now until the end of May.
Existing BBR cardholders will remain as before, it’s only new applications that won’t be accepted starting June. Product-changing into the BBR card will likely also end at that time. Even now it’s difficult to find a rep who will do it, though there are sporadic reports of success. If you want to attempt it, probably better now than later.
The new card will be a standard Bank Americard specifically for people looking to complete balance transfer with no balance transfer fees & 0% APR for 12-18 months. Looks like this card, but without the balance transfer fee. They’ll probably rebrand it as a new card.
Hopefully, existing BBR cardholders will be able to take advantage of the $100-$120 annual benefit for a long time. You can view more cards with 0% APR and no balance transfer fees here.
