[Update] Financial institution of America Elite Visa Infinite Card – $550 Annual Payment, 50k Bonus, $300 Airline Incidental, $150 Way of life Credit & Extra

Replace 12/9/21: Nonetheless no public hyperlink that I’m conscious of. Some individuals have been getting their playing cards from earlier utility hyperlinks. I’ve added just a few extra particulars within the publish under.

Replace 11/21/21: An utility web page has been discovered. May make sense to attend for the official touchdown web page to return on-line earlier than making use of although. (Hat tip to JonLuca) The phrases point out that the signup bonus is 50,000 factors after $3,000 spend inside 90 days.

Extra particulars emerge on the rumored upcoming Financial institution of America premium bank card from Reddit consumer AllHailMat. It’ll be referred to as the Elite Visa Infinite card and will likely be out there on November twenty second.

Financial institution of America Elite Visa Infinite

  • Signup bonus unknown
  • $550 annual payment
  • As much as $150 yearly in assertion credit for way of life conveniences, together with streaming providers, meals supply, health subscriptions and rideshare providers. (applies to the next class codes: 4899,5399,5411,5422,5499,5691,5734,5815,5816,5817,5818,5921,5940,5964,5968,5969,5999,7032,7299,7372,7841,7997, and 7999)
  • As much as $300 yearly in Airline Incidental Assertion Credit for qualifying purchases like seat upgrades, baggage charges, in-flight providers and airline lounge charges.
  • As much as $100 in assertion credit for World Entry or TSA PreCheck® utility charges (each 4 years).
  • Card earnings:
    • 2 factors for each greenback on journey and eating purchases
    • 1.5 factors per greenback on all different purchases
    • Most well-liked Rewards members earn 25% – 75% extra factors on each buy. This implies shoppers may earn as much as 3.5 factors on journey and eating purchases, and as much as 2.62 factors on all different purchases, for each $1 they spend.
    • Shoppers can redeem factors for journey, money again, a press release credit score, distinctive experiences or reward playing cards.
  • 20% financial savings on home and worldwide airfare for any class when paying with factors via the Financial institution of America Journey Heart or concierge.
    • For top-tier Most well-liked Rewards members, this could probably carry up the worth of your factors on journey/eating from 3.5 to 4.2 cents per level, and from 2.62 to three.15 cents per level on all purchases (wow!)
  • Free limitless entry to airport lounges worldwide with complimentary Precedence Go Choose Membership.
  • Non-public flying with NetJets – buy or redeem factors for flight time, complimentary upgrades and extra perks.
  • Complimentary 24/7 full-service concierge to ebook journey, dinner reservations, occasion tickets and extra.
  • Quite a few extra advantages supplied by Visa® such because the Visa Infinite Luxurious Resort Assortment and extra journey advantages.
  • No international transaction charges.
  • Return safety of $300 per merchandise, as much as $1,000 per cardholder per yr.
  • Prolonged guarantee safety.
  • Buy safety of as much as $10,000 in case of harm or theft of an merchandise inside 90 days of buy.

Card will likely be out there to present Octave Members between Oct 18 – Nov 22 and will likely be launched to client shoppers on Nov. 22 and have to be utilized for with a monetary options adviser. (Feels like this card shouldn’t be slated to be out there on-line.)

Our Verdict

Looks like a souped up model of the Premium Rewards card: $200 extra in airline incidental credit, $150 additional way of life credit score, and some different advantages. I like how they make the $150 way of life credit a bucket with just a few choices to make it helpful for everybody. Nonetheless, I don’t see it being value the additional $455 greater annual payment for most individuals. Possibly it’ll make sense for the signup bonus which we don’t know but. And it probably may make sense for some individuals for the 20% journey redemption low cost.

Hat tip once more to u/AllHailMat

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