Earn $400 Cash From $1,000 Spend & 1 Credit Inquiry

Earn $400 Cash From $1,000 Spend & 1 Credit Inquiry

Million Mile SecretsEarn $400 Cash From $1,000 Spend & 1 Credit InquiryMillion Mile Secrets Team

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Update:   One or more card offers in this post are no longer available.  Check our Hot Deals for the latest offers. 

Earn up to $400 cash back from 2 no-annual-fee BankAmericard Cash Rewards cards with only $1,000 in minimum spending.  And with only ONE hard credit pull!

We don’t earn a commission for these cards, but Emily and I will always share the best deals!

Earn 400 Cash From 1,000 Spend 1 Credit Inquiry
I’ll Show You How to Earn $400 Cash Back From 2 Cards, $1,000 in Spending, and Just ONE Credit Pull

That said, I do NOT recommend these cards if you’re new to miles & points.  I’ll explain!

2 Cards, 1 Bank, $400 in Your Pocket!

Link:   BankAmericard Cash Rewards MasterCard (Major League Baseball)

Link:   BankAmericard Cash Rewards Targeted Visa Offer

Link:   BankAmericard Cash Rewards Regular Visa

Card #1 – BankAmericard Cash Rewards Visa

Via @airhotelcards, there’s a targeted offer to earn $200 cash back when you spend $500 on purchases in the first 90 days of opening a BankAmericard Cash Rewards Visa account.

Sign-in to your Bank of America account and click “Special Offers and Deals” on the top menu bar to see if you’ve been targeted!

Earn 400 Cash From 1,000 Spend 1 Credit Inquiry
Check Your Bank of America Account to See If You’ve Been Targeted

If you’re NOT targeted, the regular offer for this card is $100 cash back after meeting the minimum spending requirement.

Card #2 – BankAmericard Cash Rewards Major League Baseball MasterCard

I wrote about the improved $200 sign-up bonus on the BankAmericard Cash Rewards Major League Baseball MasterCard with the same minimum spending requirement.

Earn 400 Cash From 1,000 Spend 1 Credit Inquiry
Earn Another $200 Cash Back When You Open a BankAmericard Cash Rewards Major League Baseball Visa

Neither of the cards have an annual fee.  And while there are other no-annual-fee cash back cards, these could be a good choice if you already have a lot of cards from other banks.

Or if you like an easy cash back deal!  $400 back for spending just $1,000 with one credit pull is a nice bonus!

You Must Apply for Both Cards on the Same Day

In my experience, Bank of America will combine the pulls into a single inquiry, when you apply for 2 cards on the same day.

Earn 400 Cash From 1,000 Spend 1 Credit Inquiry
Applying for Multiple Bank of America Cards in a Single Day Results in Just ONE Credit Inquiry

That’s a good thing, because each hard pull on your credit report can (temporarily) decrease your credit score by a few points.

Doctor of Credit says they’ll combine up to 3 applications in a day into a single inquiry.

So if you’re interested in other Bank of America cards, like the Bank of America Alaska Airlines or Bank of America Virgin Atlantic, the same principle applies.

Note:  You can get both of these BankAmericard Cash Rewards cards because one is Visa and the other is MasterCard.  So they’re considered different card products.

These Are NOT the Best Cards If You’re New to Miles & Points

These are NOT good cards for folks starting out in our hobby.

Because there are many more lucrative cards with bigger sign-up bonuses and incredible opportunities to get Big Travel with Small Money.

Earn 400 Cash From 1,000 Spend 1 Credit Inquiry
Dreaming of Big Travel? These Are NOT the Cards to Start With If You’re New to Miles & Points

And most importantly, Chase (who issues some of the best miles & points cards) will likely NOT approve you for new cards if you’ve opened ~5 or more accounts in the past 24 months.

So it’s best to apply for Chase cards first, like the Chase Sapphire Preferred (my favorite card for beginners!)  Then move on to other cards later.

Bottom Line

By signing-up for the BankAmericard Cash Rewards Visa (targeted) and BankAmericard Cash Rewards Major League Baseball MasterCard on the same day, your applications will be combined into a single credit pull.

You’ll earn a total of $400 cash back from the 2 cards when you meet the minimum spending requirements.  Not bad for spending just $1,000 total – and neither card has an annual fee.

Emily and I don’t earn a commission from these cards, but we’ll always tell you about the best offers.

That said, if you’re new to our hobby, I suggest you do NOT apply for these cards!  It’s better to start with more valuable Chase cards, because they likely won’t approve your application once you’ve opened ~5+ cards in the past 24 months.

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Chase Sapphire Preferred® Card

Chase Sapphire Preferred® Card

  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
  • Chase Sapphire Preferred® named a 'Best Travel Credit Card' by MONEY® Magazine, 2016-2017
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Earn 5,000 bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Get 25% more value when you redeem for travel through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel.
  • No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards

More Info

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Didn't have the targeted offer for $200 BankAmericard Cash Rewards but I did apply for the BankAmericard Cash Rewards Major League Baseball MasterCard as well as the AMTRAK GUEST REWARDS® WORLD MASTERCARD and was approved for both of them immediately. I can confirm that so far my credit was only pulled once via Experian. I might even get greedy and try applying for the Virgin Atlantic Card today, but who knows! Thanks again for this excellent information Daraius, these are the kinds of posts that I find incredibly helpful. I much prefer your postings to those of some "points guy" who shall remain nameless ;).