2% Cashback at Wholesale Clubs with BankAmericard Cash Rewards Visa Signature (YMMV)

NOTE: This is YMMV because I don’t know how many card variations and card holders are eligible for this.

Bank Of America has expanded the cashback benefits for their BankAmericard Cash Rewards Visa Signature credit card. You can now earn 2% cashback at Wholesale Clubs. This is in addition to their existing rewards which are 3% gas, 2% grocery stores. The bonus categories have a quarterly cap of $2500 in combined bonus category purchases, so if you had already been blowing the ceiling of these, you may have to readjust your rewards strategy with other cards or combine the various quarterly offers by Chase or Citibank and Discover.

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The Redemption Bonuses Continue
Also continuing is the 10% redemption bonus IF you redeem your cashback in a Bank of America savings or checking account. This is a bonus on the redemption, not on the purchases. For example, if you accumulated $50 in BofA rewards, and you redeem them to your BofA checking account, you will receive $55 instead of $50.

If you are a “Preferred Rewards” client, then your redemption bonus is 25% instead of 10%. Again, this is a redemption bonus, not a percentage of the purchases.