Bank of America has recently announced that they will be discontinuing their Better Balance Rewards Card. This means that if you have this card, it will be automatically converted to a Bank of America Unlimited Cash Rewards World Mastercard credit card on May 16, 2023.
Update 5/17/23: Some reported seeing a $200 bonus offer in the app and confirming it with Bank of America representatives. The offer requires spending $1,000 by 9/30/2023 and started on 5/15/2023. It is unclear if this bonus offer is available to all customers, YMMV.
Details
Bank of America has recently made an important announcement regarding their credit card services. Specifically, they will no longer be offering the Better Balance Rewards Card. Instead, this card will be automatically converted to the Bank of America Unlimited Cash Rewards World Mastercard credit card on May 16, 2023. If you are a current Better Balance Rewards Card holder, you should be aware of this change and what it means for you.
Bank of America has already sent out letters to inform their customers about this change. If you have this card, you will receive a new Bank of America Unlimited Cash Rewards credit card in the mail after May 16. You should continue using your existing card until you receive the new one, and make sure to destroy the old one once you activate the new one.
If you are currently earning rewards through the Better Balance Rewards program, your last Quarterly Cash Reward will be paid in April. However, if you continue to make qualifying payments from April 1 through May 15, you will receive a one-time statement credit of $20 as a reward.
Read more: See more card deals here.
READ MORE: SEE THE BEST BANK BONUSES HERE AND THE BEST INVESTING BONUSES HERE.
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