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Susan G. Komen® Cash Rewards Visa® review

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Susan G. Komen® Cash Rewards Visa®

Earn great cash back on everyday purchases while supporting the Susan G. Komen foundation.

30-second take

  • Get this card if you spend regularly on gas, groceries and wholesale-club purchases and want to support a charity.
  • Pick something else if you want flat-rate rewards on all purchases.
  • Apply with a good to excellent credit score of 670 or higher.
Product NameSusan G. Komen® Cash Rewards Visa®
Card TypeVisa
Annual Fee$0
Purchase APR16.24% to 26.24% variable
Intro Purchase APR0% for the first 12 billing cycles (then 16.24% to 26.24% variable)
Balance Transfer APR16.24% to 26.24% variable
Intro Balance Transfer APR 0% for the first 12 billing cycles (then 16.24% to 26.24% variable)
Balance Transfer Fee$10 or 3% of the transaction, whichever is greater
Cash Advance Rate19.24% to 27.24% variable
Foreign Transaction Fee3% of the transaction value
Cash Advance Fee$10 or 5% of the cash advance amount, whichever is greater
Interest Free PeriodUp to 25 days
Late Payment FeeUp to $38
Returned Payment FeeUp to $28
Additional Cardholder Fee$0
Minimum Age18 years of age
Welcome Offer$150 after spending $500 in the first 90 days
Rewards3% back in the category of your choice, 2% at grocery stores and wholesale clubs and 1% on all other purchases
Base Rewards1% cash back

The basics

The Susan G. Komen® Cash Rewards Visa® is a strong cash back card if you have high spending in everyday purchases. It also comes with a great signup bonus and solid intro APR on purchases and balance transfers.

Additionally, the card will generate small donations to Susan G. Komen — at least a few dollars a year if your account is eligible.

A card with similar cashback categories

Blue Cash Everyday® Card from American Express

  • Earn a $150 statement credit after you spend $1,000 in purchases on your new card within the first 3 months.
  • 3% cash back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%).
  • 2% cash back at U.S. gas stations and at select U.S. department stores, 1% back on other purchases.
  • Low intro APR: 0% for 15 months on purchases and balance transfers, then a variable rate, currently 15.24% to 26.24%.
  • You spoke, we listened. Over 1.6 million more places in the U.S. started accepting American Express® Cards in 2018.
  • Cash back is received in the form of Reward Dollars that can be easily redeemed for statement credits, gift cards, and merchandise.
  • No annual fee.
  • Terms apply.
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The perks

  • Annual fee: None.

    This card offers strong rewards, which you can start earning for no annual fee.

  • Rewards: Up to 3% cash back.

    Earn 3% cash back at gas stations and 2% at grocery stores and wholesale clubs for the first $2,500 in combined purchases each quarter, then 1%. These are good reward rates for everyday purchases as long as you spend under $2,500 a quarter.

    Earn 1% cash back on everything else.

  • Signup bonus: $150 online cash bonus.

    Make at least $500 in purchases in the first 90 days of your account opening and earn a cash bonus of $150. This is a great deal for a no-annual-fee card. Many other competitors offer bonuses worth only $150.

  • Intro APR: 0% on purchases and balance transfers for 12 billing cycles following your account opening. After that, a 16.24% to 16.24% variable APR applies.

    This is a solid intro APR. If you’re looking for a longer one for purchases and balance transfers, you can shoot for a promotion of up to 20 months. Credit cards with rewards tend to offer intro APRs of 15 months at most.

    For balances to qualify for this card’s intro APR, you must make them within the first 60 days of card membership.

  • Donate to the Susan G. Komen foundation.

    When you make eligible purchases for the promotional period — and when you renew — Bank of America will make donations to the Susan G. Komen foundation.

    If you keep your card for at least 90 days, BoA will donate $3 and 0.08% of your eligible retail purchases to Susan G. Komen. When you renew your card, BoA will donate $3 to the foundation if your account was in good standing during the previous 12 months and your account doesn’t have a zero balance at the time of renewal.

How much cashback rewards can I earn with this card?

This card is most effective when you spend less than $2,500 a quarter in combined gas, grocery and wholesale-club purchases. This lets you maximize your rewards.

Here’s how much cash back you might earn on this hypothetical budget:

  • $300 per month on gas x 3% = $108 cash back a year
  • $500 per month on groceries and wholesale-club purchases x 2% = $120 cash back a year
  • $500 per month on other expenses x 1% = $60 cash back a year

Over a year, you’d earn $288 in cash back. If you redeemed it into a BoA checking or savings account, you’d get a 10% bonus for a total deposit of $316.80.

How much donations will my card generate?

Let’s use the hypothetical budget from above. Over 90 days, you might spend $3,900 in total purchases. In that case, Bank of America would contribute 0.08% of that — or just over $3 — to Susan G. Komen. The bank would also contribute another $3.

Each year you renew your card and your account is eligible, Bank of America will donate $3 to Susan G. Komen.

You’ll also like …

  • 10% redemption bonus for Bank of America customers.

    Redeem your cash back into a Bank of America checking or savings account for a 10% bonus. If you redeem $100 in cash back, for example, you’ll receive an extra $10.

    If you’re part of Bank of America Preferred Rewards, your bonus could be 25% to 75%. For example, if you qualify for Gold tier in Preferred Rewards — which means you have $20,000 to $50,000 in combined BoA and Merrill Edge investing and trading accounts — you’ll receive a 25% credit card rewards bonus.

What to watch out for

  • You may receive a high interest rate.

    The card comes with a purchase and balance transfer APR of up to 26.24% variable. You’re more likely to receive an APR around that figure if you have shaky credit. It’s a high rate compared to the average APR of around 16%.

  • Penalty APR.

    If you make a late payment, Bank of America may impose a 29.99% variable APR on all of your balances. The rate may apply indefinitely.

    Many banks don’t have penalty APRs, so don’t be afraid to shop around for another card if you tend to miss payments.

  • Fees.
    Late and returned payments come with fees. You’ll also pay fees for certain wire transfers, balance transfers, cash advances and foreign transactions.

Compare cashback cards

Name Product Filter values Rewards Purchase APR Annual Fee
3% cash back on all purchases in your first year up to $20,000 spent, then unlimited 1.5% cash back on all purchases
17.24% to 25.99% variable
$0
Earn 3% cash back on all purchases in your first year up to $20,000 spent. After that earn unlimited 1.5% cash back on all purchases.
5% back in rotating categories up to $1,500 combined each activated quarter, then 1% after that and on all other purchases
17.24% to 25.99% variable
$0
0% intro APR for 15 months from account opening on purchases and balance transfers.
5% on up to $2,000 each activated quarter on two categories combined (1% after), 2% on one everyday category and 1% on all other purchases
16.24% to 25.74% variable
$0
When you spend $500 on your card within the first 90 days, you’ll receive a $150 cash back bonus.
3% at US supermarkets on up to $6,000 per year, then 1%. 2% at US gas stations and select US department stores and 1% on all other purchases
15.24% to 26.24% variable
$0
Earn a $150 bonus statement credit after you spend $1,000 on purchases in the first 3 months. Rates & Fees
6% at US supermarkets on up to $6,000 per year, then 1%. 3% at US gas stations and select US department stores and 1% on all other purchases
15.24% to 26.24% variable
$95
Earn $200 bonus cash back after you spend $1,000 on purchases in the first 3 months. Rates & Fees

Compare up to 4 providers

What should I know before I apply?

To apply for the Susan G. Komen® Cash Rewards Visa®, you must be:

  • At least 18 years old or at least 21 if you’re a permanent resident of Puerto Rico.
You’ll need to submit personal and financial information that includes:

  • Your full name and personal contact information.
  • Proof of stable employment.
  • Your date of birth and Social Security number.

What credit score do I need?

While Bank of America doesn’t specify a cutoff credit score, you’ll have better approval odds if you apply with a good to excellent score of 670 or higher .

What do customers say about the Susan G. Komen® Cash Rewards Visa®?

The Susan G. Komen® Cash Rewards Visa® is modeled after the Bank of America® Cash Rewards credit card. For the latter card, many customers say they’re pleased with the rewards on gas and groceries. However, other cardholders say they’ve experienced poor communication and customer service from Bank of America.

Bank of America is accredited by the Better Business Bureau and receives an A+ rating from the agency. The average of its customer reviews is around 1 out of 5 stars. As of this writing, it has nearly 6,000 customer complaints.

How to apply for the Susan G. Komen® Cash Rewards Visa®

  1. Navigate to the Bank of America website and visit the Susan G. Komen® Cash Rewards Visa® page.
  2. Click Apply now.
  3. Complete the application with your personal information, employment details and financial details. Also select whether you’d like to make a balance transfer or add an authorized cardholder.
  4. Review your information and submit your application.

How long will it take to get my Susan G. Komen® Cash Rewards Visa®?

Bank of America automates conditional credit approval online, which means you could see a provisional decision on your application in minutes. If you’re approved, you’ll typically receive your card in the mail within 7 to 10 business days.

I got the card. Now what?

  • Make timely payments. Register your online Bank of America account to manage your spending and check your rewards 24/7.
  • Avoid unnecessary interest. At the close of each billing cycle, you have a grace period of 25 days to pay your balance. If you consistently pay off your balances in full each month, you won’t pay interest on your purchases.
  • Avoid fees. Avoid hefty fees of up to $38 for late payments, and fees of up to $28 for returned payments. Select wire transfers, balance transfers, cash advances and foreign transactions also come with fees.
  • Customer service. Visit Bank of America’s customer service section, call 1-800-732-9194 for credit card support, or connect via social media on Facebook or Twitter.

How a balance transfer works with the Susan G. Komen® Cash Rewards Visa®

  1. Apply for the card.
    You can request up to three balance transfers as you apply for the card. For each request, you’ll need the name of your existing card provider, the amount you want to transfer and the account number of the existing card.

    Don’t want to make a request now? No worries — you can ask for a balance transfer later, after you’re approved for the card.

    For each transfer, you’ll pay fee of $10 or 3% of the transaction amount, whichever is greater.

  2. Pro tip

    This card has a higher-than-average minimum balance transfer fee. Many other card providers charge a $5 minimum fee.

  3. Wait for your balance transfer to complete.
    After opening a new BofA account, you may need to wait up to 14 days for your transfer to post. If you already have an account, your transfer could post in as soon as two to four business days.

    Keep paying your current creditors as you wait for your transfer to complete. This will help you avoid late fees and drops to your credit score.

  4. Keep track of your balance transfer.
    If you made your transfer within the first 60 days of opening your account, it qualifies for a special interest rate: 0% intro APR for the first 12 billing cycles.

    After the intro APR expires, your transfer will accrue interest at a 16.24% to 26.24% variable APR. Consider making a plan to pay off your balance before that time.

How do I redeem rewards from this card?

You can redeem your rewards when your cash rewards balance is at least $25. Simply log in to your Bank of America online account to do so. Here’s what you can redeem for:

  • Statement credit.
  • A check.
  • An electronic deposit into a Bank of America checking or savings account.
  • A contribution to an eligible Cash Management Account with Merrill Lynch Wealth Management or Merrill Edge.

If you redeem your cash back for one of the last two options, you’ll receive a 10% bonus. And if you qualify for Bank of America Preferred Rewards, you’ll receive a bonus of 25% to 75%.

Bottom line

If you’re looking to support the Susan G. Komen foundation and earn generous rewards on gas, groceries and wholesale-club purchases, the Susan G. Komen® Cash Rewards Visa® is worth a look.

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2 Responses

  1. Default Gravatar
    KeithJune 5, 2018

    My company formed a charity to help raise money for victims of school shootings. How do I find an affinity card issuer to see if they will make a card for us?

    • Default Gravatar
      ArnoldJune 9, 2018

      Hi Keith,

      Thanks for your inquiry

      I’m afraid we do not have a specific page dedicated to affinity cards. It would be best if you could speak with your local banks to inquire if they can issue affinity cards on behalf of your organization and how to go about setting this up.

      Hope this information helps

      Cheers,
      Arnold

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