Rated 4.5/5 stars by our editorial team
Click the stars to submit your rating.
Thanks for rating!
4.0/5.0 from 7 Offer Ratings
Over the Past 60 Days!
Bank of America® Cash Rewards credit card - $200 Cash Rewards Offer
-
Regular Purchase APR
15.24% - 25.24% Variable APR
-
Intro Purchase APR
0% Introductory APR on purchases for 12 billing cycles
-
Intro BT APR
0% Intro APR for 12 billing cycles for balance transfers made in the first 60 days
-
Typical Credit Needed
-
Annual Fee
$0
-
Card Brand
Mastercard®
Highlights
- Click "APPLY NOW" to apply online or call 800-791-5562
- 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, 15.24% - 25.24% 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%
- 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
Card Fees
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
Additional Card Details
$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
Expert Reviews
From the LendingTree.com Editorial Team
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 15.24% - 25.24% Variable APR.
There is also no annual fee associated with this card and you earn great cash back rewards with every purchase: 3% cash back on gas and 2% at grocery stores and wholesale clubs for the first $2,500 in combined grocery/wholesale club/gas purchases each quarter. 1% cash back on all other purchases. 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 Bottom Line
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.
The Good
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.
The Not So Good
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.
Consumer Reviews 7 Reviews
Offer Rating
4.0 out of 5.0
| 5 Star |
|
(1) |
|---|---|---|
| 4 Star |
|
(5) |
| 3 Star |
|
(1) |
| 2 Star |
|
(0) |
| 1 Star |
|
(0) |
+3 users submitted a rating without a full review
Sort by:
By: Michael | Mar 21, 2016
i've had this card for many years now. it was once the very best cash back offer out there. if you are big on gas & groceries it still can be, even more if you bank with BofA. always liked the card and the service and definitely a keeper.
By: David | Mar 21, 2016
This card is SOOO useful, if for nothing else, for the fact that you can use the ShopSafe feature to generate random credit card numbers on the fly when buying online. This allows you to buy with confidence from a site that you may not completely trust with you credit card information. You set your own expiration date and max credit limit for the individual credit number you generate (which is then linked back to your real account). So no matter what, that card cannot be charged after the expiration or for more than what you specify! Brilliant! And the cash rewards are a nice bonus, but I usually just put that as a credit towards my balance.Info on ShopSafe:https://www.bankofamerica.com/privacy/accounts-cards/shopsafe.go
By: Maggie | Mar 21, 2016
I opened this card as a way to pay off the last bit of credit card debt I had with a balance transfer. I set up an automatic monthly payment to be sure the balance would be paid off by the end of the 0% introductory period. What's great is since all of my payments are made automatically on time Bank of America chips in a bit with the "Cash Back"!
By: Mark | Mar 9, 2016
This isn't the coolest looking card to pull out of your wallet, but it earns cash back FAST. The gas & grocery cash back rate is great and doesn't change like other cards.
Related Card Offers
-
Rewards Rate
Unlimited 1.5% Cash Back on every purchase, every day
-
Intro APR
0% for 15 Months on Purchases and Balance Transfers
-
Cash Back Details
No minimums for redeeming and cash back won't expire for the life of the account
-
Typical Credit Needed
-
Annual Fee
$0
-
Card Brand
Visa®
Highlights
- Click "APPLY NOW" to apply online
- One-time $150 cash bonus after you spend $500 on purchases within 3 months from account opening
- Earn unlimited 1.5% cash back on every purchase, every day
- No rotating categories or sign-ups needed to earn cash rewards; plus, cash back won't expire for the life of the account and there's no limit to how much you can earn
- 0% intro APR on purchases for 15 months; 14.74%-24.74% variable APR after that
- 0% intro APR on balance transfers for 15 months; 14.74%-24.74% variable APR after that; 3% fee on the amounts transferred within the first 15 months
- Pay no annual fee or foreign transaction fees
See additional details for Capital One® Quicksilver® Card - 0% Intro APR for 15 Months
-
Rewards Rate
1.5 Cash Rewards program points for every dollar in new, net card purchases.
-
Sign Up Bonus
Earn a $150 cash rewards intro bonus after spending $2,500 in the first 3 months
-
Anniversary Bonus
10% annual cash back bonus
-
Typical Credit Needed
-
Annual Fee
$0
-
Card Brand
Mastercard®
Highlights
- Click "APPLY NOW" to apply online
- Earn unlimited 1.5% cash rewards on all purchases.
- Earn a $150 cash rewards intro bonus after spending $2,500 in the first 3 months.
- 10% Anniversary Bonus on all Cash Rewards earned once a year.
- No Annual Fee.
- 0% Intro APR for 15 months on balance transfers, then a 14.99%, 18.99% or 24.99% variable APR.
- No Foreign Transaction Fees.
- $0 liability for unauthorized purchases.
- Terms Apply.
- See Rates & Fees
See additional details for HSBC Cash Rewards Mastercard® credit card
-
Rewards Rate
Unlimited 1.5% Cash Back*
-
Sign Up Bonus
Earn $200 cash rewards bonus*
-
Mobile Wallet Rate
Enjoy 1.8% cash rewards with Apple Pay® or Android Pay™, during the first 12 months*
-
Typical Credit Needed
-
Annual Fee
$0
-
Card Brand
Visa®
Highlights
- Click "APPLY NOW" to apply online
- Earn a $200 cash rewards bonus after spending $1,000 in the first 3 months
- Earn unlimited 1.5% cash rewards on purchases
- Enjoy 1.8% cash rewards on qualified mobile wallet purchases, like Apple Pay® or Google Pay™, during the first 12 months from account opening
- No category restrictions or sign ups and cash rewards don’t expire as long as your account remains open
- Get up to $600 protection on your cell phone (subject to $25 deductible) against covered damage or theft when you pay your monthly cellular telephone bill with your Wells Fargo Cash Wise Visa® Card
- 0% Intro APR for 12 months on purchases and balance transfers (fees apply), then a 15.99%-26.99% variable APR; balance transfers made within 120 days qualify for the intro rates and fees
- $0 Annual Fee
- Select “Apply Now” to learn more about the product features, terms, and conditions
See additional details for Wells Fargo Cash Wise Visa® Card
There is nothing we value more than the opinions of our customers. We encourage open discussions among all users and hope we can all share advice. Please keep our site clean and safe by following our posting guidelines and please, don’t disclose personal information like your credit card numbers or account information.
These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.