2% credit card- Charles Schwab Visa ** Card is dead**

hmm said:   So where did most people switch too?

Capital One Cash Card (1.5% CB).

govenar said:   To add to the examples of BofA incompetence: I've gotten 2 letters in snail mail (once per month since getting the BofA card that replaces my Schwab card) saying "Our records indicate that you requested electronic delivery of your periodic statements ... After multiple attempts to deliver your document notification to you via email, it appears that the notification is being rejected."
But, I did receive the emails notifying me of the statements; I don't think any emails were actually rejected.

Anyone else get those letters?
Yes, I've gotten the same thing, and I've also gotten the email letting me know my statement was ready (as well as emails set up for alerts). As far as I know I've gotten every email they have sent.

hmm said:   So where did most people switch too?

My main cards since the switch have been the Fidelity AMEX 2% for most purchases, the Capital One 1.5% for Visa/MC and international purchases, the Sallie Mae 5% for groceries/gas (my main expenditures), and Chase Freedom/Discover for their various bonus categories. As much as I like my Chase Sapphire and the 2% for travel/dining and no foreign exchange fee, it costs too much after the first year for me to keep it relative to the others.

jtdeals said:   jgh12 said:   reptilian said:   brainpain said:   Errr... did anybody else receive a second card, for no apparent reason? Just came in today's mail... I didn't request, and I've already activated the first card they sent. (It has the same cc number as the first one, so it wasn't a fraud re-issue.)

Same here. Identical card number, identical CVV on the back. I'll just put it in my sock drawer I guess, not even sure if I need to activate it.

I got a new card yesterday too. The only difference I could find is that the new ones have "signature" on the bottom right corner under the VISA logo. Perhaps that's why they resent all the new cards to us with the same CC & CVV numbers and expiration date.That's a good catch - I didn't notice that. After checking the card further, there is a new toll free number on the back of the card now and when you call it, it references Visa Signature.

On my card the expires date went from 11/2013 to 11/2014.

tajar96 said:   No new Signature Card for me either

Perhaps you and I have bad breath........

Billywillyphant said:   jtdeals said:   jgh12 said:   reptilian said:   brainpain said:   Errr... did anybody else receive a second card, for no apparent reason? Just came in today's mail... I didn't request, and I've already activated the first card they sent. (It has the same cc number as the first one, so it wasn't a fraud re-issue.)

Same here. Identical card number, identical CVV on the back. I'll just put it in my sock drawer I guess, not even sure if I need to activate it.

I got a new card yesterday too. The only difference I could find is that the new ones have "signature" on the bottom right corner under the VISA logo. Perhaps that's why they resent all the new cards to us with the same CC & CVV numbers and expiration date.That's a good catch - I didn't notice that. After checking the card further, there is a new toll free number on the back of the card now and when you call it, it references Visa Signature.


On my card the expires date went from 11/2013 to 11/2014.

My card expiry date also went from 6/2014 to 6/2015 and the cvv codes are different. I called BoA just now and the cs told me to use the new card and dispose of the old card.

jgh12 said:   reptilian said:   brainpain said:   Errr... did anybody else receive a second card, for no apparent reason? Just came in today's mail... I didn't request, and I've already activated the first card they sent. (It has the same cc number as the first one, so it wasn't a fraud re-issue.)

Same here. Identical card number, identical CVV on the back. I'll just put it in my sock drawer I guess, not even sure if I need to activate it.

I got a new card yesterday too. The only difference I could find is that the new ones have "signature" on the bottom right corner under the VISA logo. Perhaps that's why they resent all the new cards to us with the same CC & CVV numbers and expiration date.The new one also has a different customer service number on the back.

rudypitamom said:   Billywillyphant said:   jtdeals said:   jgh12 said:   reptilian said:   brainpain said:   Errr... did anybody else receive a second card, for no apparent reason? Just came in today's mail... I didn't request, and I've already activated the first card they sent. (It has the same cc number as the first one, so it wasn't a fraud re-issue.)

Same here. Identical card number, identical CVV on the back. I'll just put it in my sock drawer I guess, not even sure if I need to activate it.

I got a new card yesterday too. The only difference I could find is that the new ones have "signature" on the bottom right corner under the VISA logo. Perhaps that's why they resent all the new cards to us with the same CC & CVV numbers and expiration date.That's a good catch - I didn't notice that. After checking the card further, there is a new toll free number on the back of the card now and when you call it, it references Visa Signature.


On my card the expires date went from 11/2013 to 11/2014.

My card expiry date also went from 6/2014 to 6/2015 and the cvv codes are different. I called BoA just now and the cs told me to use the new card and dispose of the old card.

To add to the drama, I just tried using the new card at REI and it was declined. Luckily I had another cc. Got home and called BofA. The rep was very apologetic but offered no explanation. WTF!

New "Signature" card arrived today. Biiiiiiiiig deal. At least I don't feel left out........

OMFG! My new card was declined again. On hold for 20 minutes and yelled at 2 different department. Will have to try the card again to make sure it works. What a nightmare!

Any out there who have not activated the BOA cards ? I did not activate either of them.

I use fidelity Investment AMEX @ 2% and
Penfed Visa @ 1% (no foreign txn fees)

BOA is still sending me letters about the offers.

I dont plan to use the BOA cards.

Should I cancel the cards or it is not required ?

sfchris said:   Can anyone confirm if recurring charges to the old FIA card will be propagated to this new card that was just mailed?

I wouldn't bet on it. Update your accounts.

TxJeep said:   
Also, although your FIDO card gives you a great 2% rebate on all your purchases, the BOA card will give you 3% back on gasoline. Perhaps you should do what I do and use BOA for gas only. In fact, thanks to a tip from this forum, I wrote "Gas Only" on the front of it with a felt marker.

Jeep

If you're looking for a "gas only" card, go with PenFed VISA for 5% CashBack........

I think (this is a guess) the reason they sent out new cards with the word 'Signature' is that in order to defend the higher discount rate the merchants are charged on in-person transactions, it needs to say Signature. Or, it might be a Visa policy (for any events or displayed where it is checked).

Rasheed

govenar said:   To add to the examples of BofA incompetence: I've gotten 2 letters in snail mail (once per month since getting the BofA card that replaces my Schwab card) saying "Our records indicate that you requested electronic delivery of your periodic statements ... After multiple attempts to deliver your document notification to you via email, it appears that the notification is being rejected."
But, I did receive the emails notifying me of the statements; I don't think any emails were actually rejected.

Anyone else get those letters?

Yes! Very annoying letters. I think I may have found the problem. It seems that BoA has both an "online account" email address and a "profile" email address. In my case, there was no profile email address stored, and the phone rep. stated this is my problem. I pointed out that the letters did not indicate that they were missing an email address altogether, rather they suggested that the address they have isn't working. Regardless I now have (the same) email address set in both locations. We'll see if this stops the letters.

It's nuts that they have two different locations (in their internal systems) to store your email address, and it is nuts that their stupid letters didn't indicate they just need your email address (again), assuming that is actually the problem. We'll see if those letters stop now.

I received a set of replacement cards last week much to my surprise, since I wasn't expecting any, and it wasn't until I read the posts here that it was the addition of the "VISA SIGNATURE" words, the change in the CVVC number and the expiration date that I realized why. I thought my card numbers got compromised and BOA had proactively sent out new cards, but now I know why. Thanks, OP!

Question: Is it worth opening a BOA checking account (I use Citibank, as part of the Citi @ Work program; no fees, min. requirements, etc.) just to earn the additional 10% bonus? I used to have a BOA checking account but closed it a year or two ago (after getting the $100 opening bonus). I rather not have to go through another hard pull, just to open an account, and the last time when I opened a BOA account, those idiots pulled not once, but TWICE on me on the same day!

Edit:

I can't believe the BOA website doesn't allow you to pay your credit card bill online if you don't have a BOA checking account, unlike Schwab which allowed me to do so via the FIA card services website. Duh!

onedollarinmywallet said:   
I can't believe the BOA website doesn't allow you to pay your credit card bill online if you don't have a BOA checking account, unlike Schwab which allowed me to do so via the FIA card services website. Duh!

When I am on my credit card account and I click Make Payment in the Pay This Card box, I get a chance to specify the routing and account number for any outside checking or savings account to pay the bill (no paperless bill required). Do you not get this option?

I will also confirm that the BofA replacement card appears to have no transaction fee for international charges and the posted amount matches the Visa exchange rate listed to something like 99.99% accuracy (rounding the cent likely is the difference). It appears that Mastercard might have a slightly better rate (CapOne), but I decided to use this card for some reason. If I get the bonus for the groceries that were properly categorized, then I am better off with the BofA card usage. It was further interesting as I was staying at a place that had some services priced in USD and some services priced in local currency. At the end, I did charge the amount in local currency and they converted the USD items to local currency at a particular rate (say 26 local to 1 USD). My card ended up giving me a rate of 27.4 local to 1 USD, so it was like an extra 5.4% discount which was great.

Rasheed

rasheedb said:   onedollarinmywallet said:   
I can't believe the BOA website doesn't allow you to pay your credit card bill online if you don't have a BOA checking account, unlike Schwab which allowed me to do so via the FIA card services website. Duh!

When I am on my credit card account and I click Make Payment in the Pay This Card box, I get a chance to specify the routing and account number for any outside checking or savings account to pay the bill (no paperless bill required). Do you not get this option?

Apparently not, which was what I found puzzling.

Anyway, I called their Bill Pay dept. and it turned out that because I used to have a BOA checking account, my account was set up to accept payments only from a BOA checking account and not any external accounts, even though I had already closed my BOA checking account. Duh!

So, the CSR changed my profile for "credit card payments only" and now it allows me to specify or add a bank for bill payment.

Kudos this this rep who figured it out, whereas the previous reps. that I spoke to in the past were clueless and said that I had to have a BOA checking account to pay bils online.

I'm about $500 in spending away from getting my next $25 Cash Back reward on my BankAmericard Visa (that replaced my Schwab card). After that I will probably close the account. I don't have a car, so the gas bonus is useless, and I don't travel outside the country enough to make the lack of foreign transaction fee worthwhile.

The Schwab 2% Visa used to be my everyday card. I now use the Fidelity Am Ex 2% card as my main card, and the Fidelity Visa 1.5% card as backup for places that don't take Am Ex. Once I close this BankAmericard, those will be my only two credit cards. I try to keep it simple...

sayhey said:   

If you have a high CL on the BofA card, I'd simply put it in a sock drawer to help your overall utilization. If not, torch it.

Good Luck,

I just checked my credit report and this Bofa card is a flexible spending card. The card issuer does NOT report the credit limit for these cards to the CRAs. The balance is reported. Therefor they do not help increase your total credit or help your overall utilization. In fact it may hurt your score temporarily if you have a high balance on the card because of your higher utilization %.