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Bank of America Elite Rewards MasterCard

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Bank of America Elite Rewards CardThe Bank of America Elite Rewards Credit Card has a credit card rewards program that offers discounts on everything from electronics to travel to dining and even to “green” rewards. If you name it, it’s probably available as a reward from Elite Rewards.

The program works with a wide range of participating retailers, hotels, and airlines to provide a wide variety of possible rewards for Bank of American Elite Rewards cardholders. The terms of the program are simple: for every dollar you spend on your Elite Rewards credit card, you get one point. But if you make that purchase through the Elite website, then you could double, triple, or even quintuple your point-to-dollar ratio.

While the Bank of America Elite Rewards credit card offer is no longer available there are many other great rewards credit card offers to choose from.

Where did the Bank of America Elite Rewards Card Go?

We are supposed to be reviewing the Bank of America Elite Rewards Credit Card, here, but there’s just one problem: Bank of America has discontinued its affiliation with the Elite Rewards program. It’s most likely due to the recent recession.

Every major credit issuer has been cutting back on the number of credit cards they offer. Not even Bank of America, the nation’s largest financial institution, is immune to the pull of the economy.

But regardless of the reason why, the fact remains that the Bank of America Elite Rewards Credit Card has been discontinued, and there’s no word as to whether or not it’s ever coming back.

You Can Still Get What You Want!

But you can still apply for an Elite Rewards credit card directly through their website. It’s being administered by another financial institution. The interest rates and fees are on par with Bank of America’s typical rates and fees, so there’s no change there.

But you should also keep in mind that Bank of America has other rewards programs that it participates in, too. So it’s up to you to decide which is more important to you: having a Bank of America credit card or having an Elite Rewards credit card.

Use our free credit card comparison tool to find and compare credit cards from many different card issuers!

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Disclaimer: This content is not provided or commissioned by American Express, Visa, MasterCard, Discover, or any other credit card company or issuer. The opinions expressed here are the author's alone, not those of any credit card company or issuer, and have not been reviewed, approved or otherwise endorsed by any credit card company or issuer. Credit Card Chaser may be compensated through various affiliate programs with advertisers. As always, Credit Card Chaser is an independent website commmitted to helping people research credit card offers and find the best credit card!

9 Cardholder Reviews for the “Bank of America Elite Rewards MasterCard”

  1. DontTrustBankOfAmerica says:
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    Bank of America Elite Rewards Credit Card was the worst experience I have ever had. They stole my 44,911 points, claiming to have notified me, but I see that hundreds of other people were never notified either. It is fraud! It’s like going to the bank one day and being told that your money is gone. This experience tells me that Bank of America can not be trusted with my money. If you have a credit card or bank account with them, you should close it now. What’s next?!!!!!!!!!

    • CustomerService says:
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      I agree, I lost approx 30K points. Icalled the Bank of America as well as Elite Rewards and received the complete run around. Neither wanted to take ownership of the issue. What happened to customer service? In this economy you would think you would want to protect your good customer base. According to Bank of America they are working on another rewards offer. So meanwhile, each month that passes we the customer continue to loss out.

  2. Barb says:
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    I also agree with the reviews that this rewards program is a scam. My husband was on the phone for 45 minutes and transferred 4 times and
    never got an answer on anything. They kept telling him that his account
    was on hold because he had tried to get into the account to many time so
    it was locked. He had no idea what they were talking about and told them that and they just told him that there wasn’t anything they could do but if
    he wanted they could transfer him to someone who could. Well apparently there is no one that can help you there. He finally hung up and called back and cancelled our credit card. He kept telling me that the points were a scam
    but I believed it wasn’t. Well I do know. This should be looked into by
    someone who can do something to stop them. Not being able to use your
    own points should be against the law. We had this card for years and this is
    how they treat their customers??????????????????????????

  3. Stpephen says:
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    I just checked what I could purchase with 27,000 points. Well, by combining points and cash, I could buy a Dyson DC33 vacuum cleaner. The cash cost (with all my points)? $379. The cost of the same thing on Amazon (with free shipping)? $319!

    This is a joke.

  4. Christopher says:
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    Add me to the list of customers ripped off by Elite Rewards. I have been a 10 year member of this credit card program, and they stole 6000 points claiming they “notified” me by the quarterly junk mail they send. I NEVER saw that I would be losing points, and upon calling customer service, all they could tell me was “sorry, but once lost, the points are gone forever.” My question to them was can’t they send a freaking e-mail like every other rewards program when points are set to expire? But obviously this is too foreign a concept for the largest bank in the country. If you have the card, take my advice and use the points and then cancel or change it to a different program. They have discontinued the program? Good riddance!

  5. James Pitnick Sr. says:
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    I have 31,419 points,are they any good.If so,looking at a rental car for 4 days in Feb.2012.What process do I need to do to use the points for that.

    Vr: James

  6. J. D. MC CULLY says:
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    I just today decided to check on my Elite Rewards point count through the Bank Of America Visa card. have never been notified that the program was discontinued or as to the disposition of accumulated points. Apparently the rewards went in the tank along withe reputation of the BOA. I will be on the phone in a minute to drop both of my card and find a new source with a better track record.

  7. Jebediah Springfield says:
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    Not sure why you say it’s discontinued. The BoA card I got many, many years ago transitioned to eliterewards years back, but I’m still getting points and able to use it. Card looks exactly like the picture above (gray).

    Never used cust service, so gave it a 5 because I had to. Otherwise, the program sucks and I only use my card rarely for online purchasing. Over time the points have become worth less and less in buying gift cards, now equivalent to around .7% on your dollar. Also, the gift cards are only for mostly crap retailers I never use anyway (no longer do they do amazon).

    I use a real cash back card for everything else now and get back far more than the .7% with this silly card.

  8. Carl says:
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    I have used the elite rewards card for years without a hitch. One must be mindful of statements from the program as they make you aware of points,
    and how many are due to expire.

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