To follow up on my own post, I called BofA to ask if my BofA AGR card would become a non-AGR card after 10/23 or would close.I didn't see anything in FNBO's FAQ (linked earlier) that addressed what BofA is doing with the old credit cards. No reapplying, as you say: FNBO's new cards will be sent in October and won't kick in (once activated) until noon Central on October 23, and the BofA card will work (and presumably earn Amtrak points) until then.
Clearly one's BofA AGR card won't be an AGR card at 12:01 p.m. CT 10/23/22. But will it continue as a non-AGR card or just close? I presume FNBO didn't answer that because that's not FNBO's problem.
Well I got the same letter today that others did, so no new information than what others have said. It did say to keep using the current AGR card until 10-23-22 so I assume it will still earn points until then.My BofA AGR world card monthly statement ended today, 9-5-22. I will log back in to see what my payment should be in about 4 or 5 days which would be due 10-5-22. I should then see if they close my card or keep it open. I'll keep everyone informed.
This is my question as well. BoA's annual fee notice to me this week says it will "bill on your October statement." According to Amtrak I am supposed to hang on until my account is transferred to the new bank but there's no guarantee I'd get my fee back if I do that.I wonder what happens for cardholders who close their account between now and 10/23? I was planning to close my World account to get the fee refund. but I haven't made up my mind whether to do it before my closing date of 9/19 or after. Maybe if I do it after the closing date, BofA will say, "Sorry, we said we'd refund your fee, but we can't because we've given it to new bank." Or maybe they will refund it, and I'll get first year free with the new bank.
I get the impression that current balance and all will be transferred over to the new account.The second person said that there would NOT automatically be a replacement non-AGR BofA card after 10/23. The account was being transferred from BofA to FNBO and I would still have only one card (FNBO AGR) after 10/23, not two.
I'm going to presume the second person was further up the customer-service ladder and go with his answer. It has the virtue of being consistent with the FNBO FAQ: use the BofA card until 10/23 and the FNBO card after.
The BofA fee notice also says (on p. 2):This is my question as well. BoA's annual fee notice to me this week says it will "bill on your October statement." According to Amtrak I am supposed to hang on until my account is transferred to the new bank but there's no guarantee I'd get my fee back if I do that.
Everything up to October 23 will simply be handed over to the new bank. AGR handles the points, not the bank, the bank will report your spending and AGR will apply the appropriate points. The new bank will handle the points reporting after October 23. You will not in essence get double points. So Bank of America will report your spending until the October 23 and AGR will credit the appropriate points, then after 12pm the new bank will begin reporting your spending to AGR.That's what I'm wondering too. Like BoA will send over the last points we earn through our Sept statements, and MAYBE FNBO will give us points that we earn in Sept/Oct??
That was clear and concise. Thank youEverything up to October 23 will simply be handed over to the new bank. AGR handles the points, not the bank, the bank will report your spending and AGR will apply the appropriate points. The new bank will handle the points reporting after October 23. You will not in essence get double points. So Bank of America will report your spending until the October 23 and AGR will credit the appropriate points, then after 12pm the new bank will begin reporting your spending to AGR.
I hope so. Both are fair. Either way I’ll still pay the $99 whether they charge it now or later.Just a guess - they’ll either wait till next May to bill the $99 or they’ll bill you $20 (or prorated amount)
The accrual rate on these cards is still subpar vs other card programs that give you 3x points on dining and travel, for example. The top-tier cards offer even more. I do wonder if AGR/FNBO should offer a top-tier card in the $300 range that offers a better accrual rate, a few free upgrades a year and unlimited access to lounges, as many airlines offer such a tier.
I was referring to bank cards earning 3x points that you can then transfer to the carrier of your choice or use for other travel or cash back. Amtrak competes against all cards in that regard and not just those that are carrier-specific. I think that giving people unlimited lounge access would definitely require that a ticket for same-day travel/arrival be purchased, since you can simply walk into an Amtrak lounge within having been through security.None of the cobrand cards for the 4 largest US airlines (Delta, United, AA, and Southwest) offer a non-airline bonus category that earns higher than 2x, at least when I took a quick look today (including checking both banks that offer AA cards.) There are some credit cards that earn 3x or higher on select spend categories that can be transferred into specific airlines, but those don't offer any real airline-specific benefits. Amtrak's offering seems to be firmly in line with what airlines offer on their cobranded cards.
It would be nice to see one that had an unlimited lounge pass as part of it, though maybe Amtrak's worried about that being abused (either by someone who commutes on Amtrak daily or by people buying refundable tickets, getting into the lounge, and then cancelling the ticket.) I don't think it'd wind up being that big of a deal (a daily commuter probably gets up to Select+ already, and a competent IT system should be able to pick up someone cancelling tickets frequently after entering a lounge.)
The exception to this is business class travel. When transferring Chase points, you can often get 5-6x the 1:1 ratio on those tickets. However, that wouldn’t have much value if you only travel domestically.Most transfer partners have devalued their points so much that it's no longer worth converting using the standard Chase ratio. I assume they do this in response to manufactured spending and aggressive churn but it's become a vicious cycle that no longer rewards actual travel. These days I mainly transfer to Hyatt since US hotels are excessively priced and everything else makes my points seem worthless.
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