*WATCH ME APPLY* Bank of America Premium Rewards Credit Card

I decided to apply for the Bank of America Premium Rewards credit card! The current welcome offer of 50,000 points is worth $500 cash back, great timing for some holiday shopping! Did I get approved? Watch to find out! Click “Show More” to see Ad Disclosure.

💳👉VIEW CREDIT CARD OFFERS!
http://markscreditcards.com/offers

🛍 RAKUTEN - Earn Cash Back!
http://markscreditcards.com/rakuten

📲 MAXREWARDS - Manage credit cards & rewards!
Get Gold level for free with PROMO CODE = markr
http://markscreditcards.com/maxrewards

🏦 SOFI CHECKING & SAVINGS – Get $25 FREE (or more w/ direct deposit)
http://markscreditcards.com/sofibanking

📈 GET FREE STOCKS FROM WEBULL when you open an account & make a deposit:
http://markscreditcards.com/webull

🔐 AURA – Identity Theft Protection & More!
Get Your 2-Week Free Trial: https://aura.com/markreese

🎬 VIDEO - 8 Reasons Why I DON’T LIKE Bank of America Credit Cards:
   • 8 Reasons Why I DON’T LIKE Bank of Am...  

🎬 VIDEO - Bank of America PREMIUM REWARDS Credit Card Review! (PLUS Bank of America Preferred Rewards!):
   • Bank of America PREMIUM REWARDS Credi...  

Many of you may have seen my previous video about the 8 reasons why I don’t like Bank of America credit cards. Well, that sentiment still holds true as of December 2022, however, I decided to apply for the Bank of America Premium Rewards card credit card anyway :D

Here’s why…

1. The current welcome offer to earn 50,000 points is worth $500 towards travel or cash back. With an annual fee of $95, that bonus alone will be $405 profit. Since we’re getting toward the end of the year and holiday shopping time, I wanted the welcome bonus to help cover the cost of buying gifts rather than using earned income.

2. I wanted to get first-hand experience using personal Bank of America credit cards that earn points. People often ask me questions about BOA credit cards that are difficult to answer without having the cards myself (e.g. “Can I redeem Bank of America points for cash back into an external checking account?”). Getting my first ever personal BOA credit card will allow me to better understand how the product and rewards work so I can answer people’s questions.

That said, if you’re in the Bank of America Preferred Rewards program (separate from credit cards and requiring account balances to be met), then you’ll receive a handful of benefits, including elevated rewards earnings with Bank of America credit cards. Those elevated rates CAN make BOA credit cards quite good, especially for cash back. On the travel side, the program also makes some cards more competitive to the Capital One Venture card and Chase Sapphire Preferred card, but without transfer partners.

You can learn more about the Bank of America Preferred Rewards program here:
https://promotions.bankofamerica.com/...

CREDIT SCORE INFORMATION BEFORE APPLYING

My Credit Scores Prior to Applying
Experian: 771 | TransUnion: 804 | Equifax: 820

My Inquiries Prior to Applying
Experian: 10 | TransUnion: 6 | Equifax: 2

My New Accounts Prior to Applying
6 months: 4 | 12 months: 6 | 24 months: 7

My Average Age of Accounts (Average Length of Credit History)
4 years 5 months

My Relationship With Bank of America
Personal Bank of America Checking Account: 1
Personal Bank of America Savings Account: 1
Bank of America Business Credit Cards: 1

CREDIT SCORE INFORMATION AFTER APPLYING

My Credit Scores After Applying
Bank of America pulled my Experian credit report
My Experian credit score dropped by 5 points (from 771 to 766)
My Experian inquiry count went up by 1 (from 10 to 11)
All other credit factors remained the same

Disclosure: This site is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as CreditCards.com. This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. Mark Reese is not a financial advisor.

#creditcards #bankofamerica #creditcardapply