Sunday, May 2, 2010 - 7:26 AM

Bank of America Converting Some MasterCard Credit Cards to AmEx

A reader of the Boston Globe was shocked when Bank of America tried to replace his long-held MasterCard with an American Express credit card. After a long call, he was able to get BofA to accept his request to switch back to MasterCard. According to a BofA rep, they have recently been converting some MasterCard customers to the Bank of America Accelerated Rewards American Express card.

KenBDG4,048 posts since
Nov 29, 2009
Rep Points: 106,905

1. Monday, May 3, 2010 - 2:17 AM

I was one of those who got switched to an American Express card from the previous MasterCard and Visa cards at Bank of America. After Bank of America bought MBNA, they first switched me from the Platinum MasterCard over to a Visa Signature card. Then they switched me to an American Express card. I guess the American Express card has a "better" rewards program. I used to get applications to apply for an American Express card but I always ignored them since some of the places where I use a credit card do not accept it. So even if the rewards program is better, what good is that if I can't use it?

Anonymous963 posts since
May 9, 2010
Rep Points: 1,819