MyCardBlog

Today a MyCardBlog.com reader sent me an email about this interesting but sounds possible information from Bank of America. The key point is you can really make a huge profit from Bank of America if you are a student and have a credit card issued by Bank of America. Although I provide this information to you, I have to clarify that this has not been confirmed since the original source seems to be a phone marketing.

The prerequisite is 1). You have a Bank of America credit card which enables you enroll the credit protection plan

2). You must have to enroll in the Credit protection deluxe plan (not the general plus plan)

3). You must can meet the requirement set by Bank of America thus you can activate the benefit

SO how can you get the $1000 from Bank of America? Here is the details:

The principal of this promotion is you get $500 from Bank of America for enrolling the credit protection deluxe plan and activate the benefit like you do for other credit protection plans. But you can only activate benefit twice each year.

If you enrolled in the Bank of America credit protection deluxe plan with your Bank of America credit card, and meet one of the following requirements (lief benefits):

1. Academic Excellance – a 3.6 gpa or higher for the term, not cumulative GPA, term GPA.
2. Graduating – Getting a degree .
3. Entering school – Becoming a full time student.

You can call Bank of America to activate the benefit to get $500. They will send you an envelop and clearly list the materials needed to activate your benefit. Since you can do this twice each year, you potential return is $1000 from Bank of America. The net profit is about $760 because the cost for enrolling the Deluxe plan is $20 each month. (The cost of the general credit protection plus plan is 95¢ per $100 of Your Monthly Outstanding Balance up to $25,000.)

For more information you can contact the Plan Administrator toll free at 1.888.668.6938 Monday-Friday, 7:00 a.m. – 10:00 p.m. Central Time. The webpage for the credit protection plan is here.

I got an email from Chase titled “Get Free debit rewards with your Chase checking account”. Form this email, I can tell that simply enrolling your Chase debit card at Visa Extras (WaMu debit cards are also eligible) and you can  get 5,500 bonus points which can be redeemed as a $10 gift card. SO if you are free for about 5 min, you can enroll you debit card at Visa Extras and get an easy $10 gift card .

The link to enroll your Chase Visa Debit Card is here. (You must have to enroll before September 30, 2009 by above link to get 5,500 bonus points.) That link will bring you to visaextras.com to get enrolled. Once you finish the enrollment process, all you have to do is wait until the bonus points appear in your account. You might be also interested in using your debit card to get more points (which I do not suggest—simply because your need 5,500 points for a $10 gift card at visaextras compared to 6,000 points for $50 gift card at Citi thankyou network.).You need to know what kinds of “qualifying purchases” are eligible to earn points.

• Purchases for which you are required to sign
• Internet purchases (except for gambling)
• Phone or mail order purchases
• Bill payments
• Contactless blink_® purchases (purchases made by holding your card or other device up to a secure reader instead of swiping your card)
• Small dollar purchases for which you are not required to sign, made with your enrolled debit card, unless any of such purchases are authorized with a Personal Identification Number (“PIN”) or are non-qualifying purchases.

To earn points, if prompted for “Debit or Credit,” always select “Credit” and sign for the purchase.
Your $10 gift card will be awarded by posting 5,500 bonus rewards points to your Chase Extras account following the expiration of this promotion.

The Citi Professional Card used to be a very popular credit card which offers 15,000 bonus thankyou points after approval. Now this credit card no longer offers 15,000 bonus points. Today after a little bit search on the internet (via Google), I discovered a link pointed to the Citi Professional Card application which offers 15,000 bonus thankyou points.

The link to the application page is here. You go through the normal application procedures and wait for the approval. Please make sure you save the application page with bonus information. (I can not guarantee that Citi will honor this bonus but it is worth trying.) You have to make a purchase to get the bonus. According to the application page, you can also get 0% APR on balance transfer for 12 months.

The 15,000 thankyou points can be redeemed at thankyou.com ($135 gift card).

This is a credit card tip but not credit card news (not official).

It has been a while that I got no promotion information from major US Banks. The latest news was the Bank of America’s $75 bonus. Now I have a great news that $100 checking account bonus is available to new customers to BB&T Bank.

The promotion page can be found at BB&T bank’s homepage. According to the promotion page, the requirements to get the $100 bonus is pretty easy:

1. Open a BB&T free checking account at BB&T Bank website
2. Set up direct deposit or make 3 online bill payments
3. Get your $100 bonus

The BB&T free checking account features:

• No minimum balance or monthly maintenance fee
• Free BB&T Check Card with Visa extras
• Free online banking with bill payments

The promotion code is AFAAP

Fine print:

This special limited time offer is available to new clients that open a new personal checking account between 08/28/09 and 10/31/09 through BBT.com. A new client is a person who is not currently a signer and who was not a signer within the last 6 months on any BB&T personal checking account. In order to receive the $100 incentive, new clients must do at least one of the following: 1) Use our online bill payment service to initiate 3 online bill payments from your new checking account within 60 days of account opening, OR 2) Enroll in and receive a direct deposit to the new personal checking account within 60 days of account opening. The $100 account opening incentive will be deposited directly to your account within 4 weeks of meeting the above requirements, and will be reported to the IRS as required by law.

BB&T Bank has branches at following states:

• Alabama
• Florida
• Georgia
• Indiana
• Kentucky
• Maryland
• North Carolina
• South Carolina
• Tennessee
• Virginia
• Washington, D.C.
• West Virginia

If you are not a resident at above states, you are not eligible to get a bonus.