Episode 57: Heightened Offers from Bank of America

Four great credit card welcome bonuses to consider from Bank of America. Let’s discuss them, how we’d prioritize them, and also navigating the complicated and ever-changing approval standards over at Bank of America. 0:54 BofA Amtrak 50,000 + $100 Statement Credit (DoC) Do a dummy booking to see offer$79 AF not waived$2,500 min spend in 90 daysAmtrak points are worth 2.9 cpp towards non-Acela, 2.56 cpp towards AcelaSo this welcome bonus is worth $1,450 + $100 - $79 = $1,471 for non-AcelaOr $1,250 + $100 - $79 = $1,271 towards AcelaThat’s crazy value for people who want to ride AmtrakSee also: How to redeem bank points for up to 1.64 cpp towards Amtrak 03:55 BofA Alaska Business 60,000 (HT Commenter Matt on DoC) Direct Link$3,000 min spend$75 AF not waived65,000 for the Personal Alaska card still availableNot subject to BofA personal churning restrictionsDon’t forget BofA Business Cash Rewards $750 (Direct Link) 06:19 Getting Approved BofA 2/3/4: 2 BofA cards per rolling 2 months, 3 per rolling 12, 4 per rolling 24BofA is said to not approve new BofA card if you have more than 2 new credit cards on your credit report (across all banks) in the past 12 months -or- 6 in the past 12 if you’ve got a checking account with BofAHT DoCOverall exposure with BofA to consider too (lower CL before closing BofA cards)Limits to the number of active credit cards BofA will let you hold? 08:47 Discuss: Is it a mistake to ignore BofA at this point? Robert: “Thanks for joining us for this week. For a more in-depth discussion about points miles visit us at patreon.com/milenomics There you’ll get a special link to listen to additional content, right in your mobile podcast app or on your computer, where we speak more freely about topics like these. Sam: You can reach us on Twitter @Milenomics and @RobertDwyer - we’d love to hear from you. Until then we’ll see you on the site...”