Rated 4.5/5 stars by our editorial team
Click the stars to submit your rating.
Thanks for rating!
3.8/5.0 from 509 Offer Ratings
Over the Past 60 Days!
Foreign Transaction Fee 3%
Balance Transfer Fee Either $10 or 3% of the amount of each transaction, whichever is greater.
Cash Advance Fee See Terms
Penalty APR Up to 29.99% APR
Rewards Rate 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
Annual Fee $0
$0 Fraud Liability Yes
Auto Rental Insurance Yes
Extended Warranty Program Yes
Roadside Assistance Yes
Purchase Protection Yes
Travel Assistance Yes
Flight Accident Insurance Yes
Lost Luggage Reimbursement Yes
Concierge Service Yes
The Bank of America® Cash Rewards credit card is currently offering a $200 online cash rewards bonus after you spend at least $500 on purchases in the first 90 days of account opening - that’s an appealing offer. Cardholders will enjoy an intro APR of 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, then 14.99% - 24.99% Variable APR.
There is also no annual fee associated with this card and you earn great cash back rewards with every purchase: 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. Redeeming your cash back is easy - you can set up your account to receive your cash back by direct deposit to a checking or savings account, have it credited to your statement or sent to you by check.
You can even get a 10% customer bonus every time you redeem your cash back into a Bank of America® checking or savings account. And if you're a Preferred Rewards client, that bonus increases to 25% - 75%. Overall, the Bank of America® Cash Rewards credit card is a generous cash rewards credit card with something for everyone to love.
If you prefer the personal touch of a phone call when you apply for a credit card or have a question on your account, Bank of America goes the extra mile. You can expect an “an outstanding customer service experience” for the live phone channel, according to the May 2017 certification by J.D. Power.
The Bank of America® Cash Rewards credit card is a good rewards card that offers a chance to earn fantastic cash rewards rates on your spending. There are other features like overdraft protection, too, and the interest rate is reasonable. Bank of America customers also get to enjoy an ongoing 10% cash rewards bonus when redeeming rewards directly into a Bank of America® checking or savings account.
If earning cash back is your goal, the Bank of America® Cash Rewards credit card is a good option for you. You can earn cash back on everything you buy and receive it in fast, easy, convenient ways and rewards do not expire.
It’s a solid rewards card, but if you like to travel overseas, be aware that transactions made in a foreign currency and transactions made in U.S. dollars that are processed outside the United States are subject to a heavy surcharge of 3%.
Editorial Note: This content is not provided by Bank of America. Any opinions, analyses, reviews, or recommendations expressed on this page are those of the author’s alone, and may not have been reviewed, approved or otherwise endorsed by Bank of America.
509 Total Ratings