Furthermore, Rossman says you may not realize the convenience checks that issuers sometimes send are often treated as cash advances. “So you may think you’re doing something smart by paying your rent with a convenience check, but that could really cost you in cash advance fees and interest,” he says.
Other card-linked offers such as Amex Offers and Chase Offers are digital coupons that work similarly: You need to pre-select the offer and then redeem according to the terms and conditions, he says.
If you have at least $20,000 in eligible deposits or investments with Bank of America/Merrill Lynch, your Bank of America credit card rewards will be worth 25% more, Rossman explains. If you have $50,000 in eligible deposits or investments, your rewards bonus is 50% more. And for the highest level of earning, with $100,000 or more in eligible deposits or investments, your rewards will be worth a whopping 75% extra, he says.