Review of the BankAmericard Cash Rewards™ Credit Card

Brendan Harkness

Brendan Harkness | Reviews

Jan 29, 2016 | Updated Sep 29, 2016

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The BankAmericard Cash Rewards™ Credit Card is a popular reward credit card, offering cash back for the kinds of purchases we all make pretty often.

You’ll earn 3% back on gas, and 2% at the grocery store. There’s no annual fee to worry about, and you’ll get a pretty long 0% introductory APR too.

This is a fairly simply card, but that makes it a good option for these simple purchases. Read on to learn if it might be right for you.

BankAmericard Cash Rewards™ Credit Card

For People with
Good Credit

  • Annual Fee: $0
  • Interest Rate: 13.24% - 23.24% *Variable
Quick Card 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

Logging In To Your Account

Once you’ve been approved for this card, you can log in to your account at If you have more than one Bank of America card or account, you’ll be able to select the one you’d like.

You’ll see all of your account details, and a variety of options to view your finances, manage your account, redeem rewards, and request services.

Logging in to your Bank of America account

Logging in to your Bank of America account


Viewing your Bank of America account.

Viewing your Bank of America account.

The Rewards

This card provides:

  • 3% cash back on purchases of gas
  • 2% cash back on purchases of groceries and at wholesale clubs
  • 1% cash back on all other purchases
  • $100 sign-up bonus for spending $500 in the first 90 days (online applicants only)
  • 10% cash back bonus if you redeem your rewards into a Bank of America checking or savings account (up to 75% bonus for accounts with very large balances)

Your 3% and 2% rewards are limited to the first $2,500 in purchases every quarter. After that, you’ll earn 1% cash back on gas and groceries.

These rewards are pretty straightforward. If you use this card, it’s easy to remember that this is your go-to option for gas and groceries.

The Benefits

This card comes with the following features, as well as certain benefits provided by Visa. Visa has two benefit levels: Visa Platinum, and the upgraded Visa Signature.

You’ll receive a Visa Platinum card if your credit limit is less than $5,000, and a Visa Signature if it’s at least $5,000.

Check your card’s Guide to Benefits to learn the exact benefits that are available to you, and how to access them.

Account Management

  • 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.


  • Fraud Protection

    You will not be held responsible for unauthorized use of your card.

  • Overdraft Protection

    Link a Bank of America account with your card to prevent declined purchases and returned checks.

  • ShopSafe®

    Protection when you are shopping online.

Visa Benefits

The Costs & Fees

Annual Fee Intro APR for Purchases and Balance Transfers Regular APR for Purchases and Balance Transfers Cash Advance APR Foreign Transaction Fee
$0 0% for 12 months  13.24% - 23.24% *Variable  16.24% - 25.24% *Variable 3%
Penalty APR Late Fee Returned Payment Fee
Up to 29.99% *Variable Up to $37 Up to $27
Insider Tip: 0% intro APRs are great, but take note that if you make a late or returned payment you could lose it before it officially ends, leaving you with the high penalty APR!

The Bottom Line

The BankAmericard Cash Rewards Credit Card is one of the better cards available for frequent purchases of gas and groceries.

If you’re like most people you’ll be buying these fairly often, so you might as well get a bit of a discount on them. The 3% and 2% cash back might not seem like a whole lot, but over the years it will add up to a hefty sum.

There’s no annual fee to worry about, and you’ll get a nice 0% intro APR for 12 months. As long as you use it responsibly, and avoid paying interest, this card shouldn’t cost you any money.

Do you use this card? How do you like it? Leave your own review of the BankAmericard Cash Rewards Card.

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