We think of the Susan G. Komen® Credit Card is a special version of the BankAmericard Cash Rewards card — it offers all the same bells and whistles along with the ability to contribute to the efforts to prevent breast cancer. For every new application, the Susan G. Komen® fund receives $3, as well as an ongoing 0.08% of all retail purchases made with the card. Also, the card comes with a 0% APR on purchases for the first 12 months, interest-free balance transfers for the first 60 days, and more. Here are the details…
- $100 sign-up bonus
- Donations to the Susan G. Komen® fund: $3 for new card activations, plus 0.08% of all retail purchases made with the card.
- Earn 3% cash back on gas and 2% at wholesale clubs and grocery stores (up to $2,500 in combined purchases), and 1% cash back on all other purchases.
- 0% intro APR for 12 months on purchases, and 0% on balance transfers made in the first 60 days, then 13.24% – 23.24% Variable APR
- No annual fee
How It Works?
Donate with card use: For each new card activated within 90 days of opening the card, the Komen® fund will receive $3, plus an ongoing 0.08% of all retail purchases made with the card. Bank of America on its side has pledged to contribute $3 million in conjunction with its Pink Ribbon Banking credit card and checking program through 2020. Since 2009, the Susan G. Komen® has received more than $7 million from Bank of America.
Online sign-up bonus: $100 after making $500 in purchases with the card within the first 90 days of account opening.
Cash back: Similar to the BankAmericard Cash Rewards, this card offers 3% cash back on gas and 2% at wholesale clubs (including Costco) and grocery stores, up to $2,500 in combined purchases per quarter. All other purchases get you 1% back and the same goes for gas and grocery purchases after the $2,500 limit has been reached. Rewards can be redeemed as a statement credit, a check, or an electronic deposit to a Bank of America checking or savings account.
Special rate for existing customers: Those with an existing Bank of America account will benefit from an ongoing 10% cash reward bonus when they redeem their cash back rewards directly into their Bank of America checking or savings account. Moreover, if you are a Gold, Platinum or Platinum Honors Bank of America® Preferred Rewards customer, you can increase that bonus to anywhere between 25% and 75%.
APR: Introductory 0% APR on purchases for 12 months, and any balance transfers made in the first 2 months. After that a variable APR ranging from 13.24% to 23.24% will apply, based on your creditworthiness.
Costs
- 0% Intro APR for 12 months on purchases, and 0% on balance transfers made in the first 60 days, then 13.24% – 23.24% Variable APR
- 3% Balance Transfer Fee (minimum $10)
- 3% Foreign Transaction Fee
- $0 Annual Fee
At Bank of America’s secure website
Pros
- Online sign-up bonus – get $100 just for signing-up online. Not a bad feat for a card that has no annual fee.
- Cash back + 0% APR on purchases for the first 12 months, and balance transfers for the first 2 months. Not many cards offer 0% financing as well as rewards.
- Do good while using the card – as you use the card, you will also be supporting the Susan G. Komen® fund and its fight with breast cancer.
- Even higher rewards for existing BoA customers – those that already have a checking and/or savings account with Bank of America will benefit from a 10% customer bonus every time they redeem cash back rewards into their account.
Cons
- Foreign transaction fee – you will want to use a different card when visiting other countries. With this one, you will be charged 3% on every transaction.
- Capped rewards – 2% and 3% categories are capped and we understand why that’s the case. Still, we would like to see the higher cap on the two categories.
Is This The Card For You?
The Susan G. Komen® Credit Card is a great choice for anyone who wants an everyday cash back card along with the option to make the world a better place. Cardmembers earn 1% cash back on every purchase, 2% at grocery stores and wholesale clubs, and 3% on gas up to the first $2,500 in combined grocery/wholesale club/gas purchases each quarter. Plus, if you are an existing Bank of America customer, you can get an additional 10% or more on all rewards earned. There is no annual fee, but there is an introductory period of 0% APR on purchases for 12 months, and the interest-free balance transfers for the first 60 days. Check it out.