At long last, Bank of America seems to be adding the ability to earn referral bonuses to many of its non-cobranded cards. According to multiple Reddit users, the links are showing up in the app, not the desktop site, and only for some users:
Referrals are $100 each and limited to 5 per person per calendar year.
The Deal
- Bank of America is now giving some cardholders the opportunity to earn referral bonuses for some BoA credit cards
- Limit of 5 referrals per calendar year
- Limit of $500 in referral bonuses per calendar year
- Referral bonus will be received 60 days after approval
- Referrals appear to be limited to the following cards:
- BankAmericard
- Customized Cash Rewards
- Premium Rewards
- Travel Rewards
- Unlimited Cash Rewards
- As of this point, referral links have the current public offer
Quick Thoughts
Although neither my wife nor I appears to be targeted, this is great news. Bank of America, as far as I know, has never offered referral bonuses for any of its cards. The Atmos cards do allow you to earn points from referrals, but only through a ridiculous process that seems to originate through Alaska and doesn’t always work.
These new referral bonuses are for BoA’s own cards and are limited to the personal variants only. $100 per approval isn’t astounding when compared to other issuers, but it’s a heckuva lot better than the $0 that Bank of America has traditionally offered.
I checked in the app for both my wife and me, but couldn’t see anything, so I asked the BoA chatbot about referrals. It offered to take me directly to the Refer-a-Friend page (which has never existed before). Upon arrival, here’s what I found:
Those who are targeted see cards to choose from underneath the “Start sharing” heading at the bottom, instead of the “Not seeing anything?” message that I have.
While I would love to be targeted for these bonuses, the fact that they exist, have a devoted page, and are popping up after the recent “Bank of America Rewards” revamp makes me encouraged that we’ll see more of this from BoA in the future.
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