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Bank of America® Cash Rewards Credit Card

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Our rating
Min. credit level: Good
Annual Fee: $0
Regular APR: 16.24%–26.24% Variable
Intro Balance Transfer APR: 0% for 12 billing cycles
Intro Purchase APR: 0% for 12 billing cycles

Bank of America® Cash Rewards Credit Card

Our rating
Good Min. credit level
$0 Annual Fee
Apply Now Read our Review

Highlights & Features

Rewards

  • 3% cash back in one category of your choice:
    • Gas
    • Online shopping
    • Dining
    • Travel
    • Drugstores
    • Home improvement/furnishings stores
  • 2% cash back at:
    • Grocery stores
    • Wholesale clubs
  • 1% cash back on all other purchases
  • 3% and 2% rewards only up to $2,500 per quarter, then 1% cash back
  • Eligible Bank of America members can get a 10–75% bonus on rewards

INTRODUCTORY BONUS

$200 cash rewards bonus for spending $1,000 in the first 90 days

Balance Transfers

A balance transfer is a way to move credit card debt from one credit card to another with the goal of saving money on interest.

Intro Balance Transfer APR 0% for 12 billing cycles
Regular Balance Transfer APR 16.24%–26.24% Variable
Balance Transfer Fee 3%, $10 minimum
How to Transfer a Balance on a Credit Card

Fees

Penalty APR Up to 29.99% Variable
Late Fee Up to $39
Returned Payment Fee Up to $28
Additional Cards Annual Fee N/A
Foreign Transaction Fee 3%
Learn About Types of Credit Card Fees

Cash Advances

Borrowing cash on your credit card is a cash advance. Cash advances usually come with very high fees. Even worse, cash advances can signal to lenders that you’re being irresponsible with money.

Cash Advance APR 19.24%–27.24% Variable
Cash Advance Fee See Terms
How to Get a Cash Advance with a Credit Card
Bank of America® Cash Rewards Credit Card

Highlights

  • No annual fee
  • $200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening
  • NEW OFFER: Maximize your cash back in the category of your choice: gas, online shopping, dining, travel, drug stores, or home improvement /furnishings
  • Now earn 3% cash back in your choice category and 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases), and unlimited 1% on all other purchases
  • You can update your choice category for future purchases once each calendar month using the Mobile Banking app or Online Banking, or do nothing and it stays the same
  • No expiration on rewards
  • 0% Introductory APR for 12 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the intro APR offer ends, 16.24% – 26.24% Variable APR will apply. A 3% fee (min $10) applies to balance transfers
  • If you’re a Preferred Rewards member, you can earn 25% – 75% more cash back on every purchase
ABOUT THE ISSUER

Bank of America

Bank of America has several card types depending on your needs.

Manage your Account & Pay your Bill

You can usually pay your bill online on your

Credit card issuer's website

Speak to Customer Service

1-800-732-9194 or

Try a different phone number
See all Issuer Cards

The Bank of America Cash Rewards Credit Card is a cash rewards credit card for anyone who buys a lot of gas and groceries. This card is highly recommended due to its strong and straightforward cash back earning potential, low introductory APR, and lack of annual fee.

See how it stacks up to other good reward cards in our comparisons: