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Best Bank of America Credit Cards

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This article was last updated Sep 10, 2018, but some terms and conditions may have changed or are no longer available. For the most accurate and up to date information please consult the terms and conditions found on the issuer website.

Bank of America offers several credit cards for personal and business use that can benefit you in many ways. There are cards suited for earning cash back or rewards in various categories such as travel and grocery shopping, as well as cards for financing new purchases or transferring debt — and more. Plus, if you’re a Bank of America Preferred Rewards client, you may be able to enjoy added benefits, which we’ll review in more detail below.

In this roundup, we’ll discuss our top picks for Bank of America credit cards, plus common features that all Bank of America credit cards have.

Best for cash back:

Bank of America® Cash Rewards credit card - $200 Cash Rewards Offer

 

Rated 4.5/5 stars by our editorial team

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3.8/5.0 from 498 Offer Ratings
Over the Past 60 Days!

  • 0% Introductory APR on purchases for 12 billing cycles

  • 0% Intro APR for 12 billing cycles for balance transfers made in the first 60 days

  • 14.99% - 24.99% Variable APR on purchases and balance transfers

Highlights
  • No annual fee 
  • NEW OFFER: $200 online cash rewards bonus after you spend at least $500 on purchases in the first 90 days of account opening 
  • Earn 1% cash back on every purchase, 2% at grocery stores and wholesale clubs, and 3% on gas for the first $2,500 in combined grocery/wholesale club/gas purchases each quarter 
  • 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, 14.99% - 24.99% 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% 
  • Easily add your Mastercard® credit card to any digital wallet for a simple, secure, and convenient way to pay online, in-app, and in-store

See additional details for Bank of America® Cash Rewards credit card - $200 Cash Rewards Offer

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What we like

  • $0 annual fee
  • The ability to get out of debt and finance new purchases. There’s a 0% Introductory APR on purchases for 12 billing cycles and 0% Intro APR for 12 billing cycles for balance transfers made in the first 60 days (after, 14.99% - 24.99% Variable APR). This card can help you save on high-interest charges if you transfer a balance or pay off new purchases over time.

What we don’t like

  • Rewards are limited quarterly in the bonus categories. You can earn 1% cash back on every purchase, 2% at grocery stores and wholesale clubs, and 3% on gas for the first $2,500 in combined grocery/wholesale club/gas purchases each quarter. The quarterly limit applies to all purchases in the bonus categories, so big spenders in those categories may not earn the most cash back compared with other gas and grocery cards. But the $2,500 limit per quarter is higher than some other cards that limit bonus categories at $1,500 a quarter.

Rewards breakdown

This card is ideal for people who often shop at grocery stores and wholesale clubs and spend on gas. You earn 1% cash back on every purchase, 2% at grocery stores and wholesale clubs, and 3% on gas for the first $2,500 in combined grocery/wholesale club/gas purchases each quarter. Rewards can be redeemed for a statement credit, check, electronic deposit into a Bank of America® checking or savings account, or a contribution to an eligible Cash Management Account® with Merrill Lynch Wealth Management® or Merrill Edge®. But it’s key to note you can find other cashback cards that earn higher rates for gas and grocery purchases.

Best for travel:

Bank of America® Travel Rewards credit card - 25,000 Bonus Points Offer

 

Rated 5/5 stars by our editorial team

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4.3/5.0 from 800 Offer Ratings
Over the Past 60 Days!

  • Earn 1.5 points per $1 spent on all purchases

  • 0% Introductory APR on purchases for 12 billing cycles

  • 16.74% - 24.74% Variable APR on purchases and balance transfers

Highlights
  • Earn unlimited 1.5 points per $1 spent on all purchases, with no annual fee and no foreign transaction fees and your points don't expire 
  • NEW OFFER: 25,000 online bonus points if you make at least $1,000 in purchases in the first 90 days of account opening - that can be a $250 statement credit toward travel purchases 
  • Use your card to book your trip how and where you want – you’re not limited to specific websites with blackout dates or restrictions 
  • Redeem points for a statement credit to pay for flights, hotels, vacation packages, cruises, rental cars, or baggage fees 
  • Comes with chip technology for enhanced security and protection at chip-enabled terminals 
  • 0% Introductory APR for 12 billing cycles for purchases, then 16.74% - 24.74% Variable APR 
  • Get an additional 10% customer points bonus on every purchase when you have an active Bank of America® checking or savings account 
  • If you’re a Preferred Rewards client, you can increase that bonus to 25% - 75%

See additional details for Bank of America® Travel Rewards credit card - 25,000 Bonus Points Offer

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What we like

  • $0 annual fee
  • Simple rewards program. This card offers a simple flat-rate rewards program that does not require activation or involve rotating bonus categories. You simply earn 1.5 points per $1 spent on all purchases.
  • Decent sign-up bonus. This card offers 25,000 online bonus points if you make at least $1,000 in purchases in the first 90 days of account opening.

What we don’t like

  • Slightly below-average rewards rate. You earn 1.5 points per $1 spent on all purchases. This is just OK compared with other travel cards with higher rewards rates for travel purchases, though they may offer a low one point per dollar on non-travel spending.

Rewards breakdown

This card offers a decent flat rate where you can earn 1.5 points per $1 spent on all purchases. You have the flexibility to redeem points for a statement credit to pay for flights, hotels, vacation packages, cruises, rental cars or baggage fees. Other redemption options include gift cards, a check or electronic deposit into a Bank of America® checking or savings account, or a contribution to an eligible Cash Management Account® with Merrill Lynch Wealth Management® or Merrill Edge®.

Best premium travel card:

Bank of America® Premium Rewards® credit card

 

Rated 4/5 stars by our editorial team

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4.0/5.0 from 10 Offer Ratings
Over the Past 60 Days!

  • 50,000 bonus points – a $500 value – after you make at least $3,000 in purchases in the first 90 days of account opening.

  • 2 points for every $1 spent on travel and dining purchases, 1.5 points per $1 spent on all other purchases

  • Get up to $200 in combined airline incidental and airport expedited screening statement credits

Highlights
  • Receive 50,000 bonus points- a $500 value – after you make at least $3,000 in purchases in the first 90 days of account opening. 
  • Earn unlimited 2 points for every $1 spent on travel and dining purchases and unlimited 1.5 points per $1 spent on all other purchases 
  • If you’re a Bank of America Preferred Rewards client, you can get a 25%-75% rewards bonus on every purchase. 
  • No limit to the points you can earn and your points don’t expire 
  • Flexibility to redeem for a statement credit, deposit into eligible Bank of America® or Merrill Lynch® accounts like checking, savings, and 529, for gift cards or use at the Bank of America Travel Center. 
  • Get up to $200 in combined airline incidental and airport expedited screening statement credits + valuable travel insurance protections 
  • No Foreign Transaction Fees 
  • Low $95 annual fee

See additional details for Bank of America® Premium Rewards® credit card

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What we like

  • Low $95 annual fee. Compared with other travel cards that have annual fees as high as $550, the $95 annual fee charged by this card is significantly less.
  • Sign-up bonus. This card has a great offer for new cardmembers — 50,000 bonus points – a $500 value – after you make at least $3,000 in purchases in the first 90 days of account opening.

What we don’t like

  • Average rewards program: Cardholders earn 2 points for every $1 spent on travel and dining purchases, 1.5 points per $1 spent on all other purchases. You can easily find cards that offer a consistent 2%, or two points per dollar on all purchases, making the rewards offered by the Bank of America® Premium Rewards® credit card just OK if you’re not a Preferred Rewards client. But, if you are a Preferred Rewards client, you can earn an effective 3.5 points per dollar on travel and dining purchases and 2.6 points on all other purchases.

Rewards breakdown

2 points for every $1 spent on travel and dining purchases, 1.5 points per $1 spent on all other purchases. This rate is good if you typically spend on travel and dining. Points can be redeemed in several ways: statement credit, into an eligible Bank of America® or Merrill Lynch® account (including checking, savings and 529), to purchase travel (air, car and hotel) through the Bank of America® Travel Center, or redeem for gift cards.

Best for balance transfers:

BankAmericard® credit card

 

Rated 4.5/5 stars by our editorial team

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3.9/5.0 from 194 Offer Ratings
Over the Past 60 Days!

  • 0% Intro APR for 15 billing cycles for balance transfers made in the first 60 days

  • 0% Introductory APR on purchases for 15 billing cycles

  • 14.74% - 24.74% Variable APR

Highlights
  • 0% Introductory APR for 15 billing cycles for purchases and for any balance transfers made in the first 60 days, then, 14.74% - 24.74% Variable APR. 3% fee (min $10) applies to balance transfers 
  • No annual fee 
  • No penalty APR. Paying late won't automatically raise your interest rate (APR). Other account pricing and terms apply. 
  • Access your FICO® Score for free within Online Banking or your Mobile Banking app

See additional details for BankAmericard® credit card

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What we like

  • $0 annual fee
  • The ability to get out of debt and finance new purchases. This card offers a 0% Introductory APR on purchases for 15 billing cycles and 0% Intro APR for 15 billing cycles for balance transfers made in the first 60 days (after, 14.74% - 24.74% Variable APR ). If you want to transfer debt from a non-Bank of America credit card or pay off new purchases over time, the intro offers can come in handy and save you money on interest charges — as long as your balance is paid off before the intro periods end.

What we don’t like

  • Balance transfer fee: This card has a BT fee of either $10 or 3% of the amount of each transaction, whichever is greater. And while many balance transfer cards have BT fees that may be worth the amount you save on interest, there are cards from other issuers that offer intro $0 balance transfer fees that can save you even more money.

Best for small businesses:

Bank of America® Business Advantage Cash Rewards Mastercard® credit card

 

Rated 4.5/5 stars by our editorial team

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Your Rating:

3.8/5.0 from 38 Offer Ratings
Over the Past 60 Days!

  • 3% cash back on purchases at gas stations and office supply stores (up to $250,000 each calendar year, 1% after that), 2% cash back on purchases at restaurants, 1% cash back on all other purchases

  • $200 statement credit when you make at least $500 in net purchases within 60 days of your account opening.

  • Redeem rewards for cash back or apply them to your bank account

Highlights
  • Get a $200 statement credit when you make at least $500 in net purchases within 60 days of your account opening – with no annual fee, no cap on the amount of cash rewards you can earn and they don't expire.
  • 3% cash back on purchases at gas stations and office supply stores (up to $250,000 each calendar year, 1% after that), 2% on purchases at restaurants, and 1% on all other purchases.
  • 0% Introductory APR on purchases for your first 9 billing cycles.
  • Redeem your cash rewards as a statement credit, check, or have cash deposited into a Bank of America® checking or savings account.
  • Plus, if you're a Business Advantage Relationship Rewards client, you can get up to a 75% rewards bonus on the base earn of every purchase you make. Your rewards bonus is based on your enrolled tier – Gold 25%; Platinum 50%; or Platinum Honors 75%.

See additional details for Bank of America® Business Advantage Cash Rewards Mastercard® credit card

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What we like

  • $0 annual fee
  • The ability to finance new purchases. This card has an intro 0% for 9 billing cycles on purchases (after, 12.99% - 22.99% Variable APR). Compared with other business cards, that’s a good length of time if you are unable to pay off new purchases right away.
  • Great new cardmember offer. Receive a $200 statement credit when you make at least $500 in net purchases within 60 days of your account opening. This is one of the best offers for a business card since other cards may require up to $10,000 in spending in a designated timeframe to receive a bonus.

What we don’t like

Rewards breakdown

Business owners can benefit from 3% cash back on purchases at gas stations and office supply stores (up to $250,000 each calendar year, 1% after that), 2% cash back on purchases at restaurants, 1% cash back on all other purchases. This rate is ideal if your business typically clocks a lot of mileage, orders office supplies and goes out for meals. Rewards can be redeemed for a statement credit, check, electronic deposit into a Bank of America® checking or savings account, or a contribution to an eligible Cash Management Account® with Merrill Lynch Wealth Management® or Merrill Edge®.

How the credit card rewards bonus works

For all Bank of America®-branded consumer credit cards mentioned above, you can receive a 10% customer bonus if you redeem cash rewards into a Bank of America® checking or savings account or an eligible Cash Management Account® with Merrill Lynch Wealth Management® or Merrill Edge®.

And, if you’re a Bank of America Preferred Rewards client, you can increase that bonus to 25% to 75% depending on what tier (Gold, Platinum, Platinum honors) you’re in when you either redeem cash rewards into a Bank of America® checking or savings account or an eligible Cash Management Account® with Merrill Lynch Wealth Management® or Merrill Edge® (applies to cash rewards cards) or make a purchase (applies to points-based rewards cards).

With the Bank of America®-branded business credit cards, there are Business Advantage Relationship Rewards, which offer the same credit card rewards bonuses of 25% to 75%, depending on your balance in the eligible accounts mentioned above. This bonus is a fantastic way to increase the rewards you earn and enhance the credit card offerings.

If you don’t meet the balance requirements for Preferred Rewards or Business Advantage Relationship Rewards, you can still receive a 10% customer bonus for all the Bank of America cards mentioned in this post as long as you redeem cash rewards into a Bank of America® checking or savings account or an eligible Cash Management Account® with Merrill Lynch Wealth Management® or Merrill Edge®.

Here are the Preferred Rewards and Business Advantage Relationship Rewards tiers so that you can see what bonus for which you may qualify:

Gold Platinum Platinum honors
Required three-month average combined balance $20,000 – $49,999 $50,000 – $99,999 $100,000+
Credit card rewards bonus 25% 50% 75%

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Journey Student Rewards from Capital One Review

Journey® Student Rewards from Capital One®

 

Rated 4/5 stars by our editorial team

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4.0/5.0 from 7 Offer Ratings
Over the Past 60 Days!

  • Earn 1% cash back on all purchases

  • Earn 25% bonus on cash back you earn each month you pay on time

  • Higher credit line after 5 on-time monthly payments

Highlights
  • Earn 1% cash back on all your purchases. Pay on time to boost your cash back to a total of 1.25% for that month
  • Enjoy no annual fee and no foreign transaction fees
  • Get a head start and build your credit with responsible use
  • Get access to a higher credit line after making your first 5 monthly payments on time
  • Monitor your credit profile with the CreditWise® app, free for everyone
  • $0 fraud liability if your card is ever lost or stolen
  • Pick the monthly due date that works best for you
  • Get customized alerts and manage your account with the Capital One mobile app

See additional details for Journey® Student Rewards from Capital One®

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Who is the card best for If you’re a student looking to build credit while earning rewards, the Journey® Student Rewards from Capital One® may be a good choice. The cashback program is straightforward and it comes with a $0 annual fee. If you want a different rewards program, look to other student cards. Students who don’t want to […]

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Capital One Spark Classic Business Review

Capital One® Spark® Classic for Business

 

Rated 3.5/5 stars by our editorial team

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Your Rating:

3.2/5.0 from 17 Offer Ratings
Over the Past 60 Days!

  • Earn 1% cash back on all purchases

  • No foreign transaction fees & complimentary fraud coverage

  • 24.74% (Variable)

Highlights
  • Enjoy no annual fee
  • Earn 1% cash back on every purchase, every day
  • Build business credit with responsible use
  • Fraud coverage if your card is ever lost or stolen
  • No foreign transaction fees
  • Enjoy business benefits including Year-End Summaries, employee cards at no extra cost and experienced small business customer service

See additional details for Capital One® Spark® Classic for Business

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Who the card is best for Business owners with less than perfect credit may see the most value from this card. If you have average/fair/limited credit, you may qualify for the Capital One® Spark® Classic for Business. This card also has a $0 annual fee, so you can save money compared with some other business cards that have […]

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