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CoastieRob said:   Just found this card today while browsing BofA's website, pretty cool! My AlaskaAir card is up for the annual fee after last year's AOR, and I'm going to convert to this. Plan on billing my $9.99 Spotify subscription to it each month and getting the $100/year. Small hassle for some recurring, free, money. I like a -$100 annual fee!

ellecsor - saw in the T&C's that if you don't use the credit it is taken away after 30 days. So you'll just have to remember to spend more than $30 the quarter it posts. If you use Mint.com and check it often you wouldn't have to remember, you'd just see the credit show up 4x per year.

Also, remember, BofA cards get you into many museums for free the first full weekend of the month! (I always forget this!)
http://museums.bankofamerica.com/


Send the credit to a money market or checking account instead of your card. You won't have to worry about spending over $30 at certain times and you get $5 more for using the boa deposit account.

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BOA checking accts have all sorts of fees unless you keep large funds in the acct. The savings acct only requires 300.00 to get the 120/year.

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barrytuneup said:   BOA checking accts have all sorts of fees unless you keep large funds in the acct. The savings acct only requires 300.00 to get the 120/year.
  
I guess if you consider $50 large funds.  Both DW and I have eBanking checking accounts.  I keep $50 in each (which I actually believe is more than necessary, I just like the buffer).  I've never been charged any sort of fee in five years or so.

Chris.

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cpaynter said:   
barrytuneup said:   BOA checking accts have all sorts of fees unless you keep large funds in the acct. The savings acct only requires 300.00 to get the 120/year.
  
I guess if you consider $50 large funds.  Both DW and I have eBanking checking accounts.  I keep $50 in each (which I actually believe is more than necessary, I just like the buffer).  I've never been charged any sort of fee in five years or so.

Chris.

Perhaps they can go back in time and open the product you have, since the current offers are for a minimum of $1,500 or a direct deposit in excess of $250 per month.

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ITAF3Can said:   
cpaynter said:   
barrytuneup said:   BOA checking accts have all sorts of fees unless you keep large funds in the acct. The savings acct only requires 300.00 to get the 120/year.
  
I guess if you consider $50 large funds.  Both DW and I have eBanking checking accounts.  I keep $50 in each (which I actually believe is more than necessary, I just like the buffer).  I've never been charged any sort of fee in five years or so.

Chris.

Perhaps they can go back in time and open the product you have, since the current offers are for a minimum of $1,500 or a direct deposit in excess of $250 per month.

  
Sorry, guys.  I wasn't aware that the eBanking account isn't available anymore.  That is a pain.

Chris.
 

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cpaynter said:   
ITAF3Can said:   
cpaynter said:   
barrytuneup said:   BOA checking accts have all sorts of fees unless you keep large funds in the acct. The savings acct only requires 300.00 to get the 120/year.
  
I guess if you consider $50 large funds.  Both DW and I have eBanking checking accounts.  I keep $50 in each (which I actually believe is more than necessary, I just like the buffer).  I've never been charged any sort of fee in five years or so.

Chris.

Perhaps they can go back in time and open the product you have, since the current offers are for a minimum of $1,500 or a direct deposit in excess of $250 per month.

  
Sorry, guys.  I wasn't aware that the eBanking account isn't available anymore.  That is a pain.

Chris.

  Anyone know of any impending fee structure changes for eBanking acct for those of us who have that already? I may have thrown out the last terms changes in recent months

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I've read through the thread and have one question. Just converted a BoA card I wasn't using to this. I plan to use it for my Netflix description each month.

If the subscription is $8.33 per month and I pay exactly $8.33 on it per month, will I get the quarterly bonus, or do I have to pay MORE than the minimum each month? It seems some people are doing this, but can't tell if you have to pay $.01 more or something like that.

Thanks if you can clear this up.

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tarq476 said:   If the subscription is $8.33 per month and I pay exactly $8.33 on it per month, will I get the quarterly bonus, or do I have to pay MORE than the minimum each month? It seems some people are doing this, but can't tell if you have to pay $.01 more or something like that. 
I use the card for my Netflix, and only my Netflix, as well.  Paying the full balance due will work; you don't have to toss an extra penny in there.  I think the fine print makes it clear that you either have to pay more than the minimum, or the full balance, to get the bonus.

You should note, though, that you won't get the reward every quarter.  Once they give you the $25 credit, you'll have a credit balance for about three months, during which you don't have to pay anything and your Netflix fee will be deducted from your credit.  You won't get the $25 that quarter because you haven't been making any payments (other than spending down your credit, which doesn't count).  Once you've burned through your credit and started paying again, you'll be on your way to your next $25 credit.

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TooManyCards said:   
tarq476 said:   If the subscription is $8.33 per month and I pay exactly $8.33 on it per month, will I get the quarterly bonus, or do I have to pay MORE than the minimum each month? It seems some people are doing this, but can't tell if you have to pay $.01 more or something like that. 
I use the card for my Netflix, and only my Netflix, as well.  Paying the full balance due will work; you don't have to toss an extra penny in there.  I think the fine print makes it clear that you either have to pay more than the minimum, or the full balance, to get the bonus.

You should note, though, that you won't get the reward every quarter.  Once they give you the $25 credit, you'll have a credit balance for about three months, during which you don't have to pay anything and your Netflix fee will be deducted from your credit.  You won't get the $25 that quarter because you haven't been making any payments (other than spending down your credit, which doesn't count).  Once you've burned through your credit and started paying again, you'll be on your way to your next $25 credit.

 Or (a) spend $25 when bonus posts or even better (b), have $25 reward go into checking instead of a statement credit.  Assuming you can do free BoA checking account.

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Thanks to you both, that clears it up for me.

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