5 ms·
+1 - The BofA Premium Rewards card + Cash Rewards card is all you need. The Cash Reward card allows you to select a 3% cashback category (5.25% back with Platin
by Zaheer 6y ago
+1 - The BofA Premium Rewards card + Cash Rewards card is all you need. The Cash Reward card allows you to select a 3% cashback category (5.25% back with Platinum tier). I have it set to Gas (choose your biggest expense). The rest goes on Premium rewards card with 2.65% back on everything.
- tzs 6y agoFor reference, the categories available are gas, online shopping, dining, travel, drug stores, and home improvement and furnishing. You can change you category once per calendar month. E.g., mine is normally online shopping, but when I needed a leak repaired on my work, I waited until near the end month, flipped the category to home improvement, paid the roofing bill, and then on the first of the next month flipped it back to online hopping. Without the tiered rewards, it is 3% cash back for the selected category, 2% grocery stores and wholesale clubs, 1% everything else. The tiers are at $20k, $50k, and $100k in BofA or Merrill checking/savings/investment accounts (3 month average combined balance). First tier gets you 1.25x the base rewards. Second tier is 1.5x. Third tier is 1.75x.