[Expired] [YMMV] Bank of America: $5 Statement Credit Per Recurring Bill ($30 Max)

Deal has expired, view more Bank of America deals by clicking here.

The Offer

  • Bank of America is offering some people a $5 statement credit for each recurring monthly expense they pay such as: auto insurance, phone and utility bills

The Fine Print

  • From the date you receive this offer through 7/31/2019, you will receive a $5 statement credit for each Purchase transaction (exclusive of any fees, returns and adjustments) equal to or greater than $5 (up to a maximum of $30 in statement credits), made at merchants who generally bill on a monthly or recurring basis and are assigned to one of the following specified merchant category codes (“MCC”): 4812, 4813, 4814, 4815, 4899, 4900, 5960, 5968, 6300, 6381, 6399, and 7997.
  • Purchases made at merchants that do not process transactions under these MCCs will not qualify for this offer.
  • Limit 1 statement credit per account.
  • This offer is only valid on the account identified within this communication.
  • Your account must be open and in good standing in order to receive this offer. Other advertised promotional statement credit offers can vary from this promotion and may not be substituted.
  • Allow up to 12 weeks from the end of the promotion for the statement credit to post to your account.

Our Verdict

No e-mail was sent out, but reader Ken found this in the special offers section.

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18 Comments
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Brooke
Brooke (@guest_769801)
June 13, 2019 10:46

DP: I didn’t know about this deal and didn’t sign up or accept anything but received the credit on my statement as I have a recurring payment to my BOA card. When I sought to figure out what it was–DOC came up in the results; thanks for all of the work you do!

Katherine
Katherine (@guest_806387)
September 5, 2019 04:44

I, too, did not sign up for this but received a $30 statement credit “RECUR CHRGS: STMT CREDIT”. That was one pleasant surprise!

LL
LL (@guest_769735)
June 13, 2019 01:46

Statement credit posted

Harold
Harold (@guest_765225)
May 30, 2019 19:23

The fine print says: This offer is only valid on the account identified within this communication.

I have several BoA credit card accounts associated with my online login. How can I determine which credit card account this offer applies to?

arizonapv
arizonapv (@guest_765283)
May 30, 2019 23:12

After you log in, click on the Tab > Rewards & Deals/Cash Back Deals and you will see Your cash back account: And thenthe account #.
Is this what you are looking for?

Harold
Harold (@guest_765807)
June 2, 2019 11:12

This isn’t a cash back deal. Its a special offer. In any case, the offer disappeared from my special offer page, so its a moot point.

Harold
Harold (@guest_770854)
June 17, 2019 09:24

In answer to my own question: I made a recurring charge on one of my cards. The offer then disappeared from my list of offers. I received the statement credit a on that card a few weeks later.

Tim
Tim (@guest_759412)
May 14, 2019 16:28

MCC Codes:

4812 Telecommunication Equipment and Telephone Sales
4813 Key-entry Telecom Merchant
4814 Telecommunication Services
4815 Monthly Summary Telephone Charges
4899 Cable, Satellite, other Pay Television and Radio
4900 Utilities
5960 Direct Marketing – Insurance Services
5968 Direct Marketing – Subscription
6300 Insurance Underwriting, Premiums
6381 Insurance Premiums
6399 Insurance – Default
7997 Country Clubs

Closertothesun
Closertothesun (@guest_760881)
May 19, 2019 13:44

Cell phone seems a good bet.

Sparky
Sparky (@guest_759203)
May 14, 2019 08:51

Sweet. I got it. 1/2 logins.

Tommy Chen
Tommy Chen (@guest_759189)
May 14, 2019 08:17

If I don’t see it in my special offers section then I’m not privy to this offer?

LL
LL (@guest_759178)
May 14, 2019 04:53

I’m currently overpaid on all my utilities, is there still a way to set up recurring monthly payments of $5 easily on the card when you have overpaid utilities?

Ann
Ann (@guest_759184)
May 14, 2019 07:40
  LL

It doesn’t have to be an actual recurring payment as in processed automatically by the merchant when your bill is due. It says the payments only have to be “made at merchants who generally bill on a monthly or recurring basis”, in the specified industry codes. So you can go manually overpay an extra $5-at-a-time on your already overpaid merchants’ websites.

John
John (@guest_759153)
May 14, 2019 01:15

Is there anyway to find out a merchants MCC prior to trying it? Or just assume by the posted categories and hope for the best.

Gadget
Gadget (@guest_759162)
May 14, 2019 01:50

John This might help: https://www.visa.com/supplierlocator-app/app/#/home/supplier-locator

However, I think the Visa tool is a pain to use, and BofA mostly deals in MasterCard. Codes can and do vary depending on the card network (Visa,MC,Amex,Discover)… which seems really silly to me, but I won’t veer off topic.

John
John (@guest_759170)
May 14, 2019 02:45

Thank you!

Ben
Ben (@guest_759134)
May 14, 2019 00:28

“up to a maximum of $30 in statement credits” sounds plural, but then the rules also say “Limit 1 statement credit per account.”