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Changes are coming to the Amtrak credit cards. Here's what you need to know

Sept. 09, 2022
5 min read
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If you have an Amtrak Guest Rewards credit card from Bank of America, keep an eye on your mailbox. Over the past 24 hours, cardholders have received notice that their accounts will be managed by a new bank as of next month. Additionally, there are some changes to the credit cards to note for the future.

Here's what you should know about the upcoming changes to Amtrak Guest Rewards credit cards.

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Changes to Amtrak Guest Rewards credit cards

Applications for the Amtrak Guest Rewards Platinum Mastercard and Amtrak Guest Rewards World Mastercard disappeared from the Bank of America website last year, which is usually a sign that something is changing. Whether that meant the credit cards were going away entirely or simply not accepting new applications wasn't clear at the time. Existing cardholders — until now — remained unaffected.

However, existing cardholders are now receiving documents in the mail detailing changes to their credit cards.

GABBY JONES/BLOOMBERG/GETTY IMAGES

The most obvious change is regarding the issuing bank. First National Bank of Omaha is acquiring these accounts from Bank of America. Existing cardholders will receive new Amtrak Guest Rewards credit cards in the mail from FNBO no later than Oct. 23, 2022, and will be able to use their new cards as of 12 p.m. CDT on that date. Because this is a new card, cardholders will need to activate the card and update their payment information with any apps or utilities where they have the Amtrak Mastercard as a payment method. That's because the card number and expiration date will change. Cardholders will also manage their accounts and pay their bills via the FNBO website going forward.

Additionally, there are changes to the card names, earning structure and some of the cardholder benefits.

The Amtrak Guest Rewards World Mastercard will be changed to the Amtrak Guest Rewards Preferred Mastercard, and it will have the following earning structure and perks:

  • 3 points per dollar spent on Amtrak purchases, including onboard purchases.
  • 2 points per dollar spent on dining, travel, transit and rideshare purchases.
  • 1 point per dollar on all other purchases.
  • Cardholders also receive a 20% rebate on Amtrak onboard food and beverage purchases paid for with the card.
  • The annual fee will increase from $79 to $99.

The Amtrak Guest Rewards Platinum Mastercard will be changed to the Amtrak Guest Rewards Mastercard, and it will have the following earning structure and perks:

  • 2 points per dollar spent on Amtrak purchases, including onboard purchases.
  • 2 points per dollar spent on dining.
  • 1 point per dollar on all other purchases.
  • Cardholders also receive a 10% rebate on Amtrak onboard food and beverage purchases paid for with the card.
  • No annual fee.

Along with earning points for the Amtrak Guest Rewards program on both cards, those pursuing elite status with Amtrak Guest Rewards can also earn 1,000 Tier Qualifying Points for each $5,000 spent on the Preferred version of the Amtrak Mastercard. Additionally, those with the Preferred card (new annual fee of $99) will continue to enjoy annual cardholder perks like lounge passes, a round-trip companion coupon and an upgrade coupon for a one-class upgrade to their booking.

The information for the Amtrak Guest Rewards card and Amtrak Guest Rewards Preferred card has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.

A spokesperson for FNBO also confirmed that the 5% points redemption rebate will continue — a valuable feature for cardholders. An additional perk is that Amtrak points never expire for those with an Amtrak credit card — different than the standard expiration policy of 24 months.

Related: Your complete guide to Amtrak Guest Rewards

What's not changing?

While the card name, card number, points-earning structure and issuing bank will change, some things aren't changing.

First, FNBO says credit limits won't change for existing cardholders. Additionally, documents mailed to existing cardholders say that account anniversary dates won't change. This is on top of maintaining much of what cardholders previously enjoyed with their cards, such as many of the benefits and points-earning capabilities.

See also: Earn double points on Amtrak travel this fall

Bottom line

Amtrak Guest Rewards cardholders can expect to receive a new card in the mail by Oct. 23, 2022, and these cards will be backed by First National Bank of Omaha — no longer by Bank of America. There are some small changes to the earning structure on the Preferred version of the Amtrak credit cards, but most of the details on this credit card will remain the same. Additionally, cardholders can continue to hold Amtrak cobranded credit cards. That's different from when Bank of America stopped issuing Major League Baseball credit cards earlier this year, and those cardholders were converted to other types of credit cards from Bank of America.

If you're an existing cardholder for an Amtrak credit card, expect an envelope in the mail detailing these changes and then another in October with your new credit card. Once the changes go into effect, we will wait to see if applications for new cardholders become available, as well as if a sign-up bonus might be available at that time and if it tops the previous best-ever offer on the Amtrak Guest Rewards credit cards.

Featured image by AMTRAK
Editorial disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

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  • For a limited time, earn 80,000 bonus ThankYou® Points after you spend $4,000 in purchases within the first 3 months of account opening
  • Earn 3 Points per $1 spent at Restaurants and Supermarkets
  • Earn 3 Points per $1 spent at Gas Stations, Air Travel and Hotels
  • Earn 1 Point per $1 spent on all other purchases
  • Annual Hotel Savings Benefit
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TPG Editor‘s Rating
Card Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer.
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Rewards Rate

3XEarn 3 Points per $1 spent at Restaurants and Supermarkets
3XEarn 3 Points per $1 spent at Gas Stations, Air Travel and Hotels
1XEarn 1 Point per $1 spent on all other purchases
  • Intro Offer
    For a limited time, earn 80,000 bonus ThankYou® Points after you spend $4,000 in purchases within the first 3 months of account opening

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  • Annual Fee

    $95
  • Recommended Credit
    Credit ranges are a variation of FICO© Score 8, one of many types of credit scores lenders may use when considering your credit card application.

    670-850
    Excellent, Good

Why We Chose It

The Citi Premier’s 3 points per dollar spent across a wide range of popular categories is one of the more lucrative offerings in the world of points and miles. The Citi Premier comes with a $95 annual fee and is currently offering a solid sign up bonus of 80,000 points after you spend $4,000 on purchases within the first three months. It also has some valuable transfer partners to make the most of your rewards. Add in access to Citi Entertainment plus a $100 hotel credit for any single-stay hotel booking that exceeds $500 or more, excluding taxes and fees, booked through the Citi travel website, there are few reasons why the Citi Premier should not be in every traveler’s wallet.

Pros

  • Earns 3x points on restaurants, supermarkets, gas stations, air travel and hotels.
  • $100 annual hotel savings benefit (on single hotel stay bookings of $500 or more, excluding taxes and fees, booked through thankyou.com)
  • Points transfer to 16 airline programs, from JetBlue to Virgin Atlantic.
  • World Elite Mastercard benefits, extended warranty, damage and theft protection.

Cons

  • $95 annual fee
  • Lacks travel protections that other travel rewards cards come with
  • For a limited time, earn 80,000 bonus ThankYou® Points after you spend $4,000 in purchases within the first 3 months of account opening
  • Earn 3 Points per $1 spent at Restaurants and Supermarkets
  • Earn 3 Points per $1 spent at Gas Stations, Air Travel and Hotels
  • Earn 1 Point per $1 spent on all other purchases
  • Annual Hotel Savings Benefit
  • 80,000 Points are redeemable for $800 in gift cards when redeemed at thankyou.com
  • No expiration and no limit to the amount of points you can earn with this card
  • No Foreign Transaction Fees on purchases