One of the best credit card offers on the market—the Merrill+ card—will be discontinued by September 18-19 at the latest. The card has no annual fee and comes with 50,000 bonus points. Those points are worth $500 in cash or up to $1,000 in airfare.
In this post I’ll cover the basics of the card and how to apply for it. But if you’re interested, you should act fast. A source told Doctor of Credit that the card will be discontinued on September 18 or 19. But another source told Frequent Miler that the card will be discontinued “mid-September,” which means it might not last until September 18.
Why Get the Merrill+ Card
The Merrill+ card is worth getting chiefly for its signup bonus.
The signup bonus on the card is 50,000 points after spending $3,000 within 90 days of account opening.
You can redeem the points in several ways. The two most attractive ways are:
- Statement credit. You can redeem points for 1 cent apiece as a statement credit. That makes the 50,000 bonus points worth $500 in cash.
- Airfare. Alternatively, you can redeem points for 2 cents apiece toward airfare. That makes the signup bonus worth up to $1,000 in airfare.
The way airfare redemptions work is that you redeem a lump sum of 25,000 points for a ticket valued at $500 or less. That ticket can be one-way or roundtrip. If the ticket price exceeds $500, you can pay the difference in cash or by using points at a rate of one point per cent. Most airlines are included, though Allegiant, Frontier, Southwest, and Spirit are excluded. For more details on redeeming points for airfare, read this post by Doctor of Credit.
The card has no annual fee. As a result, it’s easy to leave the card open until the opportunity arises to redeem the points for airfare, thereby allowing you to extract maximum value from the points.
With many roundtrip airfares between the US and Europe costing under $500 at the moment, this one card could be worth two roundtrip flights to Europe, as an example. That’s pretty sweet.
But liquidating the points for $500 in cash ain’t bad either.
The card is issued by Bank of America. It earns 1 point on all purchases. Full terms for the card can be found here.
How to Get the Merrill+ Card
The Merrill+ card can only be applied for over the phone:
- Call (866) 751-1257.
- Verify that you are applying for the 50,000 point offer.
- If asked, provide this application code: BAABZX
Some folks without a prior relationship with Bank of America have reported being denied for the card. But many people without a prior relationship have been approved. As they say in the travel hacking community, YMMV (your mileage may vary).
I’ve written before about how my family took a $5,000 vacation to Cabo San Lucas for $42 and how we recently took a $4,000 vacation to San Diego for $56. The main reason we could do so is because, in advance of the trips, we had signed up for cards with great bonuses. The Merrill+ is such a card, providing up to $1,000 in airfare with no annual fee.
But if travel isn’t your thing, cashing the bonus points out for $500 in statement credits is about as straightforward and good as a credit card cash bonus gets.
Either way, the Merrill+ card provides excellent value. It’s worth jumping on before “mid-September” rolls around, whenever, exactly, that is.
Question: Do you have any questions about the Merrill+ card or how to get it? You can leave a comment by clicking here.
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