Bank of America Cash Rewards™ Credit Card for Students


For People with
No Credit

The Bank of America Cash Rewards™ Credit Card for Students is regarded among many financial experts as one of the best credit cards for students.

It has solid cash-back earning potential, especially for purchases like gas and groceries (a potential boon for students living away from home).

Card Quick Facts

Card Quick Facts

  • $100 online cash rewards bonus after you spend at least $500 on purchases in the first 90 days of account opening
  • 1% cash back on every purchase, 2% at grocery stores and 3% on gas for the first $1,500 in combined grocery/gas purchases each quarter
  • No annual fee
  • No changing categories and no expiration on rewards
  • 0% Introductory APR for 12 billing cycles for purchases and for any balance transfers made in the first 60 days, then, 12.99% – 22.99% Variable APR. 3% fee (min $10) applies to balance transfers.
  • Get a 10% customer bonus every time you redeem your cash back into a Bank of America® checking or savings account
  • If you’re a Preferred Rewards client, you can increase that bonus to 25%-75%. Click “Apply Now” to learn more about Preferred Rewards.
  • Now with chip technology for enhanced security and protection at chip-enabled terminals

For People with
No Credit

Manage My Card

Want to pay a bill or check your balance?

Card Details

Rewards

Rewards

  • Earn 3% cash back for every $1 spent on gas
  • Earn 2% cash back for every $1 spent on groceries
  • Earn 1% cash back for every $1 spent on all purchases
  • Grocery and gas rewards only up to $1500 per quarter, then it’s 1% cash back instead of 3% til the next quarter
  • Bank of America members get an extra 10% on points on every purchase
  • There is no limit to the amount of points you can earn
  • Points never expire
How to Redeem

Introductory Bonus

  • $100 cash back rewards when you spend $500 in the first 3 months
Card Stats

Card Stats

Annual Fee $0
Additional Cards Annual Fee -
Regular Purchase APR 12.99%-22.99% (Variable)
Intro Purchase APR 0% for 12 months
Foreign Transaction Fee 3%
Chip Technology Chip-and-Signature
Minimum Credit Limit -
Maximum Credit Limit -
Free Credit Score No
Penalty APR Up to $29.99 (Variable)
Late Fee Up to $38
Returned Payment Fee Up to $27
Balance Transfers

Balance Transfers

Intro Balance Transfer APR 0% for 12 months
Regular Balance Transfer APR 12.99%-22.99% (Variable)
Balance Transfer Fee 3%; Min:$10
Cash Advances

Cash Advances

Cash Advance APR 15.99%-24.99% (Variable)
Cash Advance Fee 3%; Min:$10

Card Benefits

Check your card’s Guide to Benefits to learn the specific benefits your card offers and how to access them.

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