purgoose10
Veteran Expediter
Are there any C/Van operators using the Bank America Debit card, where you get 3% back on Gas purchases?
If you are, is it any good?
If you are, is it any good?
3% back on Gas?
- Thread starter purgoose10
- Start date
I use it....it even works for diesel purchases....
It works pretty well...just make sure you pay the whole balance every month.....Wife handles the payment she knows how it works better,,,the "little" details...
Last edited:
Is not BOA going to start charging a per transaction fee on their debit card? Would that offset the cash back?
purgoose10
Veteran Expediter
I did not know about Diesel but that's a good thing. Thinking about using it with my two Vans, that could be substantial at the end of the year.
How does it work? Do they just put it in your account?
purgoose10
Veteran Expediter
The bank said it was a monthly fee of $5. not per transaction. I heard that on Fox news because BAC got a lot of flack over it so they cleared up the information.
jujubeans
OVM Project Manager
When you've accumulated $25, you can redeem it into your bank or pay off that much of your bill. Just click on the buttons and put your preference in each time you redeem.
For example if you've got 60 bucks in redemptions..you can apply 50 bucks to whatever you choose and the last ten bucks gets added to your next bill.
This is for the credit card...not sure about the debit? And I make sure it's paid off every month to avoid any interest charges.
For example if you've got 60 bucks in redemptions..you can apply 50 bucks to whatever you choose and the last ten bucks gets added to your next bill.
This is for the credit card...not sure about the debit? And I make sure it's paid off every month to avoid any interest charges.
Last edited:
purgoose10
Veteran Expediter
MCBuggyCo
Seasoned Expediter
Make sure you read the fine print on all offers as many have caps on how much you can earn. I found an offer from Capital One that returns 5% on gas if you redeem in gift cards. They have a nice variety of cards to choose from and to me a $25 WalMart card is the same as cash, especially when you can use it to purchase even more gas at a Murphy's. There is a $40 annual fee but you make that back pretty fast. The fact that you can put your dog's picture on the card is priceless.
I'd bet money it's credit not debit. BoA would never give 3% back on debit because they don't get anything out of it and they are a horrible bank. If there's a BoA debit card giving 3% on gas please let us know but I doubt it. Nothing good ever comes from that bank.
Falligator
Expert Expediter
Everything will be hunky dory until BofA starts charging 2$ per card swipe. I'm sure they'll think of some way to negate that .03%
My Capital One has cash back, no fees, and no annual fee
It was about 8yrs ago Scott..maybe they smartened up...
JimF51
Seasoned Expediter
What I was told my bank branch, it is a monthly fee, and only if you use the card for a transaction (one or more). No charge if only using it at a ATM.
Just be careful of the small print....
My BofA is a CC...I pay it off at statement time NO interest and use the cashback against the next months balance....so far no sneaky service charges...