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Bank of America Cash Rewards™ Credit Card for Students

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Our rating
Credit range: No Credit
Annual Fee: $0
Regular APR: 16.24%–26.24%Variable
Intro Balance Transfer APR: 0% for 12 months
Intro Purchase APR: 0% for 12 months

Bank of America Cash Rewards™ Credit Card for Students

Our rating
No Credit Credit range
$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 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 months
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 3%, $10 minimum
How to Get a Cash Advance with a Credit Card
Bank of America Cash Rewards™ Credit Card for Students

Highlights

  • $200 cash rewards bonus for spending $1,000 in the first 90 days
  • 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
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 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 is no annual fee.