Posted by William Charles on May 13, 2019
Deals

Published on May 13th, 2019 | by William Charles

11

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

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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Ben
Ben

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

John
John

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

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

Thank you!

LL
LL

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

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.

Tommy Chen
Tommy Chen

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

Sparky
Sparky

Sweet. I got it. 1/2 logins.

Tim
Tim

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

Cell phone seems a good bet.

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