Bank of America has announced that the Better Balance Rewards Card is being continued and will be forcibly converted to Bank of America Unlimited Cash Rewards World Mastercard credit card on May 16, 2023. Bank of America sent out the following letter:
We want to let you know that your Better Balance Rewards credit card will become a Bank of America Unlimited Cash Rewards World Mastercard credit card because the Better Balance Rewards® program is being discontinued.
What this means to you
After May 16, we’ll mail you a new Bank of America® Unlimited Cash Rewards credit card to replace your existing card. Continue using your existing card until your new card arrives and remember to destroy your existing card once you activate the new one.
Your last Better Balance Rewards Quarterly Cash Reward will be paid in April; however, if your account is open and you continue to make qualifying payments from April 1 through May 15, we will reward you with a one-time statement credit of $20.