There has never been a better time to be a credit card rewards customer. And just when you thought rewards could not become any more lucrative, the Wall Street Journal reported that Bank of America has created a new premium credit card targeting people with big deposit balances and big budgets. First, it is making loyalty lucrative, reducing the risk that customers will stop using the card after the bonus period. How The Card Stacks UpIn today's competitive credit card environment, it is possible to earn 2% cash back with no annual fee (the standard against which I compare products). Chris Mettler of CompareCards, notes that "the Bank of America Premium Rewards credit card continues the bank’s trend of extending extra benefits to its current customers."

Source: Forbes August 09, 2017 21:39 UTC