Comments on: BoA Keep the Change http://www.endlessgibberish.com/boa-keep-the-change/ Enlightenment. You'll find interesting what I find interesting. Wed, 18 Jan 2012 08:27:17 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Anonymous http://www.endlessgibberish.com/boa-keep-the-change/comment-page-1/#comment-21 Anonymous Fri, 30 Jun 2006 11:52:39 +0000 http://www.endlessgibberish.com/?p=26#comment-21 Yes, you are right. It doesn't make sense for people to not enroll in keep the change. Sure its only a 5% match after the first 3 months-<br/>but who doesn't want $250? Yes, you are right. It doesn’t make sense for people to not enroll in keep the change. Sure its only a 5% match after the first 3 months-
but who doesn’t want $250?

]]> By: Michael http://www.endlessgibberish.com/boa-keep-the-change/comment-page-1/#comment-20 Michael Tue, 27 Jun 2006 23:28:32 +0000 http://www.endlessgibberish.com/?p=26#comment-20 The BoA Keep the Change program is great for that first three month period where they match 100% of your change. But afterwards its not really worth it.<br/><br/>There are plenty of credit cards that offer 1% or 5% (the 5% is typically on groceries, gas, and drug store purchases) cash back on all your purchases. Compare this to 5% that BoA matches (on amounts less than a dollar) and you'll see that the BoA program isn't worth it. <br/><br/>If you purchase anything over $5 or purchase from a grocery store, gas station, or drug store, the rewards from a rewards credit card will always be better. If you purchase anything under $5 or under the 1% cash back rate, there are still many situations where a rewards card will be better. <br/><br/>If you look at it in terms of your total spending, it's basically impossible for the BoA Keep the Change amounts to match up to the cash back from a rewards card, as 1-5% of your total spending is always going to be greater than 5% of various amounts of change. The BoA Keep the Change program is great for that first three month period where they match 100% of your change. But afterwards its not really worth it.

There are plenty of credit cards that offer 1% or 5% (the 5% is typically on groceries, gas, and drug store purchases) cash back on all your purchases. Compare this to 5% that BoA matches (on amounts less than a dollar) and you’ll see that the BoA program isn’t worth it.

If you purchase anything over $5 or purchase from a grocery store, gas station, or drug store, the rewards from a rewards credit card will always be better. If you purchase anything under $5 or under the 1% cash back rate, there are still many situations where a rewards card will be better.

If you look at it in terms of your total spending, it’s basically impossible for the BoA Keep the Change amounts to match up to the cash back from a rewards card, as 1-5% of your total spending is always going to be greater than 5% of various amounts of change.

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