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4.2/5.0 from 110 Offer Ratings
Over the Past 60 Days!
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Regular Purchase APR
13.99% - 23.99% Variable APR
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Intro Purchase APR
0% Introductory APR on purchases for 12 billing cycles
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Intro BT APR
0% Intro APR for 12 billing cycles for any balance transfers made in the first 60 days
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Typical Credit Needed
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Annual Fee
$0
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Card Brand
Visa®
Highlights
- Click "APPLY NOW" to apply online
- No annual fee
- $200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening
- Earn 3% cash back in the category of your choice, automatic 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases) and unlimited 1% on all other purchases
- 0% Introductory APR for 12 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the intro APR offer ends, 13.99% - 23.99% Variable APR will apply. A 3% fee (min $10) applies to all balance transfers
- No expiration on rewards
- If you're a Preferred Rewards member, you can earn 25% - 75% more cash back on every purchase
- Contactless Cards - The security of a chip card, with the convenience of a tap
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
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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 make at least $1,000 in 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 any balance transfers made in the first 60 days, then 13.99% - 23.99% 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 in the category of your choice, 2% cash back at grocery stores and wholesale clubs for the first $2,500 in combined choice category/grocery store/wholesale club quarterly purchases, 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.
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.
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 110 Reviews
Offer Rating
4.2 out of 5.0
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+106 users submitted a rating without a full review
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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
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Rewards Rate
Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
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Intro Balance Transfer APR
0% for 18 months on Balance Transfers
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Regular Purchase APR
13.99% – 23.99% (Variable)
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Typical Credit Needed
-
Annual Fee
$0
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Card Brand
Mastercard®
Highlights
- Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
- To earn cash back, pay at least the minimum due on time.
- Balance Transfer Offer: 0% intro APR on Balance Transfers for 18 months. After that, the variable APR will be 13.99% – 23.99%, based on your creditworthiness.
- Balance Transfers do not earn cash back.
- If you transfer a balance, interest will be charged on your purchases unless you pay your entire balance (including balance transfers) by the due date each month.
- There is a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater.
- The standard variable APR for Citi Flex Plan is 13.99% – 23.99% based on your creditworthiness. Citi Flex Plan offers are made available at Citi's discretion.
See additional details for Citi® Double Cash Card – 18 month BT offer
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0% Intro APR
0% for 14 months on purchases and Balance Transfers, then 11.99% - 22.99% Variable APR.
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Rewards
5% cash back on everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants, gas stations and when you pay using PayPal, up to the quarterly maximum when you activate, 1% unlimited cash back on all other purchases - automatically*
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Cashback Match™
Discover will automatically match all the cash back you’ve earned at the end of your first year! There’s no minimum spending or maximum rewards. You could turn $150 cash back into $300.
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Typical Credit Needed
-
Annual Fee
$0
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Card Brand
Discover
Highlights
- INTRO OFFER: Unlimited Cashback Match – only from Discover. Discover will automatically match all the cash back you’ve earned at the end of your first year! There’s no minimum spending or maximum rewards. You could turn $150 cash back into $300.
- Earn 5% cash back on everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants, gas stations and when you pay using PayPal, up to the quarterly maximum when you activate.
- Plus, earn unlimited 1% cash back on all other purchases - automatically.
- Redeem cash back in any amount, any time. Rewards never expire.
- Use your rewards at Amazon.com checkout.
- #1 Most Trusted Credit Card according to Investor’s Business Daily.
- No annual fee.
- Discover is accepted nationwide by 99% of the places that take credit cards.
- See Rates & Fees
See additional details for Discover it® Cash Back
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Introductory APR
0% Intro APR for 15 months on purchases
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Sign-up Bonus
Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening.
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Regular APR
14.99% - 23.74% Variable
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Typical Credit Needed
-
Annual Fee
$0
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Card Brand
Visa®
Highlights
- Click "APPLY NOW" to apply online
- Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening.
- Earn unlimited 1.5% cash back on all other purchases.
- Earn 5% on travel purchased through Chase, 3% on dining at restaurants and drugstores, and 1.5% on all other purchases.
- No annual fee
- 0% Intro APR for 15 months from account opening on purchases, then a variable APR of 14.99 - 23.74%.
- No minimum to redeem for cash back. Cash Back rewards do not expire as long as your account is open
See additional details for Chase Freedom Unlimited®
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