Bank of America Credit Card Referral Program
Bank of America appears to be rolling out a new referral program for its credit cards, allowing eligible cardholders to earn cash rewards for approved referrals. This has likely rolled out in the last few weeks.
The new “Refer a Friend” feature is now showing in the Bank of America app for some/many users. Eligible cardholders can earn:
- $100 bonus cash rewards per approved referral
- Up to 5 approved referrals per year
- Maximum of $500 in referral bonuses annually
The referral program currently appears to support several Bank of America cards. You can generate a referral links from these cards, and the person applying can pick from any of them:
- Customized Cash Rewards
- Unlimited Cash Rewards
- Travel Rewards
- BankAmericard
- Premium Rewards
According to the referral terms shown in the app:
- The referred person must apply using the referral link
- They must be approved for and receive a new eligible credit card
- The referrer will receive the $100 bonus within 60 days
Guru’s Wrap-up
Bank of America has historically lagged behind issuers like Chase and American Express when it comes to referral programs, so this is a fairly interesting addition.
At this point, availability may still be limited. If you have Bank of America credit cards, check the mobile app under the Products section to see if the “Refer a Friend” option is available on your account. If you have a referral link, you can share it in our Facebook Group.
HT: r/creditcards
