Posted by William Charles on November 17, 2016
Credit Card Offers

Published on November 17th, 2016 | by William Charles

63

The Great Credit Card Bonus Nobody Is Talking About

You’ll have to excuse me for the annoying click bait title, but currently the MERRILL+ credit card is offering a sign up bonus of 50,000 points and I don’t think this card and bonus is getting as much attention as it deserves. You don’t need an existing relationship with Merrill Lynch to get approved (as evidenced by all the comments here).

The points themselves are quite useful, you can redeem them for 1¢ per point towards statement credit (giving you a minimum bonus of $500 cash). Or you can redeem them for airfare. When redeeming for airfare you have to redeem a minimum of 25,000 points, here’s how that works:

  • American Airlines, British Airways, Delta Airlines & United Airlines allow you to redeem 25,000 points for up to $500 in flights (2¢ in value)
  • All other airlines allow you to redeem 30,000 points for up to $500 in flights (1.67¢ in value)

No longer true, basically all airlines get you 2¢ per point now. We discuss this in more detail here.

If your flight is over $500 then you pay 1¢ in addition (in increments of 2,500). These flights also earn miles & elite qualifying miles. The card doesn’t have an annual fee either. So basically you’re getting a minimum of $500 in value for $3,000 in spend and up to $1,000 if you can get flights to work for you. Card is issued through Bank of America, so all the usual rules apply. I’d recommend reading through this linked post and also the comments section.

merrill-lynch



63
Leave a Reply

avatar
 

  Subscribe  
newest oldest most voted
Notify of
AP
AP

The card itself looks really cool as well. BoA did combine inquires. You rock Doc. Pick up a BBR, Alaska, or Amtrak Card

Gary Leff
Lantean
Lantean

nobody relevant

Raul
Raul

Give this man a round of applause.

Roy
Roy

HAHAHA comment of the YEAR!

ValueTravelerOZ
ValueTravelerOZ

heheh its better nobody talks about it…lets keep it on the down low so they dont axe it.

Matt B
Matt B

Nothing compared to the number of times you talk about the Chase Ritz Carlton card 🙂

tim
tim

Troll

Frank
Frank

Is it only one max $500 ticket per 25000 points?

Can I purchase 2 tickets for $250 each for 25,000 points if made in a single transaction?

Johnny

I got this card as soon as I read about it. There’s no annual fee so will keep it in the vault to boost my total credit limit once I’ve used the bonus. It doesn’t say how many points you earn for your sepnd but I’m assuming it’s the standard $1 = 1 point?

sirtheta
sirtheta

Yes, 1 point / $.

Darv
Darv

For those of us who hit the ABA/AICPA and MLB cards hard, getting BofA to approve us on personal cards is tough right now. Any success stories?

John K
John K

+1, would love to hear about a BoA approval for someone similarly situated to myself (opened 11 MLB cards in 3 months this summer). ><

Clark
Clark

I opened 2 MLB and an Alaskan Plat (boo) the same day in May. Then tried again and got the Alaskan Sig (hooray) in September. When this came out last week I was approved for the MLynch and denied for an Amtrak. My wife had pretty much the same story, but last week was approved for the Amtrak and denied for the MLynch.

Jay
Jay

So as far as redemption goes, it starts at $500? (25,000 points). That seems awfully high. Anyone know if you can book two tickets for 25,000 points or would it have to be 50,000 points? If I can book two maybe it’s worth it but I rarely buy myself tickets that cost 500 dollars, negating a lot of the value of this card.

sirtheta
sirtheta

From my understanding, the way it works is that you can redeem 25,000 points for 1 ticket, which can cost up to $500 (for tickets above $500 you have to keep redeeming points at 1 cpp in increments of 2,500 points, so a $528 ticket will be 27,500 points + $13 cash). The cpp value you get depends on the cost of the ticket—you should be able to pretty easily obtain 1.2–1.6 cpp ($300 to $400 ticket on 3 of the 4 major US airlines). At worst, you redeem for a $530 statement credit ($30 from the 1 point / $ on the minimum spend).

Bryan
Bryan

Applied this morning… went to pending. Called recon and just had to verify employment. Approved for 13k. Went for Alaska Biz as well, went pending…still need to call recon

Susan
Susan

Bryan, what recon # did you call? Mine went pending a few days ago, and the application is still not showing up on the B of A credit card status page. I’ve applied for and gotten a bunch of B of A credit cards lately. I’d certainly be willing to move some CLs around in order to get this card!

Bryan
Bryan

866-224-7803. Strangely, I was approved over the phone, but the application does not show up when I check the online status. Also, it has not yet shown up in my online account (5 hours later).

Alex
Alex

Verify employment?
How did they do this?
They called your office or you had to send in some documents or just a question over the phone?
Thanks

Bryan
Bryan

Much simpler… The online application dropdown did not have my correct “position title,” so the rep just wanted to put down my actual title for some reason…

Joe S
Joe S

Is there a max number of BOA cards you can get in a day, if applying for all different cards (this card, Alaska, Amtrak, etc)?

ValueTravelerOZ
ValueTravelerOZ

honestly, I think BoA is cracking down on multiple AS cards, especially if more than 1 on same day.

Frank
Frank

is it necessary to redeem all Merrill+ points before closing the card?

SCJ
SCJ

Applied, pending, approved six days later. A little torn whether to take the $500 or hoard it for a better redemption.
Agreed, great bonus!

Hari
Hari

this has 1099 reporting for the points we acquire and no one clarity on that. Can you shed some light?

sirtheta
sirtheta

This is a standard disclaimer on many CC applications. The points do not count as taxable income.

jenny salas
jenny salas

what is the recon #?

Gene
Gene

anyone else “suffering” from too many points?
is it easy to redeem these merrill points for a statement credit?

JASON
JASON

Applied this morning, didn’t get instantly approved online. Received a call 2 hours later, 866-224-7803, and told them to pull from Trans Union (751 score via Credit Karma) since Experian frozen. Approved. Should receive the card within 7-10 business days. My Trans Union previously had 8 inquiries. I do have an Merrill account under BofA login but I don’t think it’s helpful or required to get approved.

Nuff
Nuff

“Allow 8-12 weeks from qualifying for the bonus points to post to your rewards balance. The value of this reward may constitute taxable income to you. You may be issued an Internal Revenue Service Form 1099 (or other appropriate form) that reflects the value of such reward.”

2-3 months for the points to show up and possibly get a 1099 for them

Back to Top ↑