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Whether you’re searching for ways to pay down debt faster, claim lucrative travel rewards, or earn cash back, Bank of America has the solution, with a suite of high-quality credit cards that customers consistently rate favorably.
Great for: Cash rewards program
Bottom Line
Includes a market-leading bonus in the no-annual fee category and a flexible cash rewards program that enables you to earn premium cash back in a category of your choice. Plus, the long intro APR offer makes this card a standout among its peers. Read Full Review
Credit Rating Requirement:
Rewards
3% cash back in your choice category, 2% at grocery stores & wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases), 1% on all other purchases.
Annual Fee
$0
Intro APR
Purchases: 0%, 12 billing cycles
Balance Transfers: 0% Intro APR for 12 billing cycles for any balance transfers made in the first 60 days
Ongoing APR
13.99% - 23.99% Variable
Welcome Bonus
$200 after making at least $1,000 in purchases within 90 days of account opening
Highlights
Great for: 0% intro APR
Bottom Line
This no-annual-fee card has an ok 0% intro APR that apply to both purchases and qualifying balance transfers. But that 0% intro APR offer can be beat by other cards on the market. Read Full Review
Credit Rating Requirement:
Rewards
N/A
Annual Fee
$0
Intro APR
Purchases: 0%, 12 billing cycles
Balance Transfers: 0% Intro APR for 12 billing cycles for any balance transfers made in the first 60 days
Ongoing APR
12.99% - 22.99% Variable
Welcome Bonus
N/A
Highlights
Great for: Travel card with no annual fee
Bottom Line
No-annual-fee travel cards typically skimp on the sign-up bonus, but this card delivers with its market-leading intro bonus offer, unlimited rewards on purchases, and other wallet-friendly perks. Read Full Review
Credit Rating Requirement:
Rewards
Unlimited 1.5 points per $1 on purchases, 25%-75% more points for Bank of America Preferred Rewards members
Annual Fee
$0
Intro APR
Purchases: 0%, 12 billing cycles
Balance Transfers: N/A
Ongoing APR
14.99% - 22.99% Variable
Welcome Bonus
25,000 points after making at least $1,000 in purchases within 90 days of account opening
Highlights
Great for: Building credit
BankAmericard® Secured Credit Card
Bottom Line
This card offers a low minimum deposit and a high maximum to go along with free access to your FICO® score and the ability to graduate to an unsecured card -- the only thing missing is a modest rewards program. Read Full Review
Credit Rating Requirement:
Rewards
N/A
Annual Fee
$0
Intro APR
Purchases: N/A
Balance Transfers: N/A
Ongoing APR
22.99%
Welcome Bonus
Free access to your FICO® score
Highlights
Great for: Students and cash back
Bank of America® Cash Rewards Credit Card for Students
Bottom Line
This student credit card has it all. You'll have a hard time finding a student card with a cash back program this lucrative to go along with a sign-up bonus. Read Full Review
Credit Rating Requirement:
Rewards
3% cash back in a category of your choice, 2% cash back on groceries both up to $2,500, and then 1% on all other purchases.
Annual Fee
$0
Intro APR
Purchases: 0%, 12 billing cycles
Balance Transfers: 0%, 12 billing cycles
Ongoing APR
13.99% - 23.99%, variable
Welcome Bonus
$200 online cash bonus after spending $1,000 within 90 days
Highlights
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Bank of America may be a household name, but it's never been high on the list when it comes to rewards credit cards. However, between partnerships with major travel brands and the recent release of a premium rewards credit card, it's clear that Bank of America is stepping it up. Simple and effective, these Bank of America credit cards can give your wallet a great boost.
Bank of America is a financial services corporation that offers banking, lending, investing, wealth management and other services. If you've spent time in the United States, you've heard of Bank of America. Not only is it one of the biggest banks in the United States, it's also among the biggest in the world.
As a credit card issuer, Bank of America's card products can meet plenty of different financial needs. Its co-branded cards are an area where the bank stands out, with a diverse collection of partnerships. There are co-branded cards through travel partners, such as Alaska Airlines and Norwegian Cruise Lines. It also has cards with brands that aren't travel-related, including MLB®, the World Wildlife Fund, and Susan G. Komen®.
One of the best Bank of America perks is its Preferred Rewards program. If you're in this program and you have a qualifying Bank of America credit card, you'll earn an extra 25% to 75% on all your credit card rewards. To get Preferred Rewards benefits, you must maintain a minimum combined balance across your banking and investment accounts with Bank of America and Merrill Lynch.
The Preferred Rewards program doesn't just boost your credit card rewards. It entitles you to extra benefits with all Bank of America services you use. For example, you could get a higher savings account interest rate, a lower auto loan interest rate, and a reduction in your mortgage origination fee.
The bottom line is that Bank of America likes to give special treatment to its most loyal clients. If you're part of that group, that's good news.
In addition to the Preferred Rewards program, Bank of America credit cards have quite a few useful features, including:
Bank of America's main flaw is the lack of a big credit card rewards program. Several of its competitors have built topnotch rewards programs for their flagship cards. These programs let cardholders transfer their points to airline and/or hotel partners for award travel bookings.
Even though Bank of America has travel rewards credit cards, it only lets you use your points towards cash travel purchases. Let's say you have the Bank of America® Travel Rewards credit card. You can use your rewards to book cash travel purchases at a fixed rate of $0.01 per point. You could also redeem rewards as a statement credit towards previous travel purchases. But you can't transfer your points anywhere. If you could, you'd be able to get more value from them.
If you qualify for the Preferred Rewards program, then you should get a Bank of America card. Bank of America credit cards already have competitive rewards rates, so an additional 25% to 75% makes those rates even better. You'll need a combined balance of at least $20,000 to qualify for the Preferred Rewards Gold tier, and higher balances can qualify you for the Platinum or Platinum Honors tier.
Even if you're not an existing Bank of America client, its credit cards still have some strong benefits. Its cards are worth a look if you're interested in travel rewards, cash back, or 0% intro APR offers.
Card | Rating | Great For |
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Rating image, 4.5 out of 5 stars.
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Great For: Cash rewards program |
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Rating image, 3.0 out of 5 stars.
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Great For: 0% intro APR |
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Rating image, 4.5 out of 5 stars.
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Great For: Premium travel rewards |
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Rating image, 5.0 out of 5 stars.
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Great For: Travel card with no annual fee |
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Rating image, 4.0 out of 5 stars.
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Great For: Building credit |
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Rating image, 4.5 out of 5 stars.
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Great For: Students and cash back |
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