So I’m very frustrated and hoping someone here can provide some insight.
I just paid for a medical procedure that I was certain would not be covered by insurance. I opened a new card to pay for it and everything (BOA CCR). I paid and less than a week later, I got a prior authorization letter from my insurance saying it was approved. So now I’m in this predicament where I did my CCR sign up bonus spend on this, and I don’t know what to do. I won’t get a refund until after the procedure is completed and processed through insurance (procedure scheduled for mid May). Should I just make sure to put $1k worth of spend on the card between now and getting the refund? It’s 0% APR so I’m just going to make minimums for now anyway but…thoughts on this?
Obviously happy it’ll be covered by insurance but also super frustrated they ran the insurance without telling us and still required payment…but that’s a rant for another sub.
Thanks in advance!
Does BOA claw back sign up bonuses?
byu/Accomplished-Bug-576 inCreditCards
Posted by Accomplished-Bug-576
2 Comments
that timing is absolutely brutal lol. but you should be fine if you just hit the spending requirement again with other purchases before the refund hits your account. banks usually look at net spend during the bonus period, not individual transactions
i’d definitely put at least 1k of regular spending on there before may just to be safe. better to overshoot than deal with potential clawback headaches later. the 0% apr makes it pretty easy to float whatever you need to spend anyway
Yes, put additional organic spend on this card so that you do not dip below the minimum spend requirement after the refund processes.
Can your insurance not just send you a check rather than process a refund?