Bank of America Cash Rewards™ Credit Card for Students


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, groceries, and online shopping (a potential boon for students living away from home). There’s no annual fee.

Card Quick Facts

Card Quick Facts

  • $150 online cash rewards bonus after you spend at least $500 on 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 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, 16.24%–26.24% 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
  • No annual fee

Manage My Card

Want to pay a bill or check your balance?

Card Details

Rewards

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 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
How to Redeem

Introductory Bonus

  • $150 cash back bonus for spending $500 in the first 3 months
Card Stats

Card Stats

Annual Fee $0
Additional Cards Annual Fee -
Regular Purchase APR 16.24%–26.24% Variable
Intro Purchase APR 0% for 12 months
Foreign Transaction Fee 3%
Chip Technology Chip-and-Signature & Chip-and-PIN
Minimum Credit Limit -
Maximum Credit Limit -
Free Credit Score Yes
Penalty APR Up to 29.99% Variable
Late Fee Up to $39
Returned Payment Fee Up to $28
Balance Transfers

Balance Transfers

Intro Balance Transfer APR 0% for 12 months
Regular Balance Transfer APR 16.24%–26.24% Variable
Balance Transfer Fee 3%, $10 minimum
Cash Advances

Cash Advances

Cash Advance APR 19.24%–27.24% Variable
Cash Advance Fee 3%, $10 minimum

Card Benefits

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

  • Free FICO® Credit Score

    Get free access to your FICO® Score from TransUnion, updated monthly.

  • Account Alerts

    Get alerts about account information on your phone.

  • Mobile Banking

    Pay your credit card bill online, transfer funds, check available credit and more.

  • Text Banking

    Send a text and get important account information.

  • Overdraft Protection

    Link a Bank of America account to your card and prevent declined purchases and return checks if you take out too much money from your account.

  • ShopSafe®

    Protection when you are shopping online.

  • Fraud Protection

    Potential fraud is blocked if abnormal patterns are detected and you will be alerted if fraudulent activity is suspected.

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