Points convert to dollars at 1c apiece. Base earnings are 1.5 points per dollar, plus a 75% bonus for having $100k+, so 2.625%.

Strange. When I had that card they told me 1% base + 0.75% bonus for $100k+ giving 1.75% total.

Reading the ad now, it looks like you're right. 2.6 points per $1 spent.

Unfortunately, BoA products are subpar, including Merrill Edge. The interest rate for the savings account is nearly 2% lower and the mutual funds available have either high expense ratios or transaction fees. While that 0.6% bonus on credit card spending might give me some hundreds of dollars annually, I'd be sacrificing thousands of dollars for it.

You could just buy low-cost ETFs of your choice for free. If you're looking for some place to park cash, BIL is yielding 2.15%.

That being said, I'm not advocating that everyone switch to BofA/Merrill Edge, just that it's a really good deal for those who want it.

I appreciate the tip. Now I need to estimate how much I'd gain from the card versus how much time I'd spend moving money around.

BTW, Uber's Visa from Barclaycard gives something like 4% on restaurants and 3% on travel, which is the bulk of my discretionary spending.