[insert attention grabbing sentence ha ha] Sick of making payments to your credit cards company? Would you like to have a credit card company pay you $120 per year for paying your bills on time? This is not some generic and everyday promotional offer of earning $100 on your first $500 of purchases or a one time thing, it is $120 per paid to you every year? Still have your attention? I will tell you how to maximize this available deal so that it puts $120 in your pocket every year while improving your credit score.
Bank of America (BOA) has at what first looks like a to good to be true offer for individuals with good credit. Just by opening a new credit card with them and paying just one bill per month you receive $25 per quarter + $5 if you have another BOA account such as checking/savings/investment. No annual fee or charges related to the account. This seems like the perfect credit card arbitrage with no risk of losing money. Best of all it only takes for about 10 mins of your time.
Introducing the Better Balance Rewards card from Bank of America:
THE REAL DETAILS
1. You Need Good/Excellent Credit to Qualify
The offer is open to everyone 18yrs and older, however you need good credit. This usually means a FICO score of 720+ and no negatives on your account (i.e. collections, past due accounts, etc).
2. Must Pay One Bill With Card Per Month
In short, you cannot maintain a zero balance on the card to receive the bonus rewards. To earn rewards you must run at least one charge or pay 1 bill through the card per monthly cycle.