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4.5/5.0 from 19 Offer Ratings
Over the Past 60 Days!
Bank of America® Cash Rewards credit card
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Regular Purchase APR
16.24% - 26.24% 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
Mastercard®
Highlights
- Click "APPLY NOW" to apply online or call 800-791-5562
- No annual fee
- $200 online cash rewards bonus after you make at least $1000 in purchases in the first 90 days of account opening
- NEW OFFER: Maximize your cash back in the category of your choice: gas, online shopping, dining, travel, drug stores, or home improvement /furnishings
- Now earn 3% cash back in your choice category and 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
- You can update your choice category for future purchases once each calendar month using the Mobile Banking app or Online Banking, or do nothing and it stays the same
- No expiration on rewards
- 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, 16.24% - 26.24% Variable APR will apply. A 3% fee (min $10) applies to balance transfers
- If you're a Preferred Rewards member, you can earn 25% - 75% more cash back on every purchase
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 $1000 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 any balance transfers made in the first 60 days, then 16.24% - 26.24% 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 in your choice category, 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 every purchase. 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.
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.
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 19 Reviews
Offer Rating
4.5 out of 5.0
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+15 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
Unlimited 1.5% Cash Back on every purchase, every day
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Intro APR
0% for 15 Months on Purchases and Balance Transfers
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Cash Back Details
No minimums for redeeming and cash back won't expire for the life of the account
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Typical Credit Needed
-
Annual Fee
$0
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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; 16.24%-26.24% variable APR after that
- 0% intro APR on balance transfers for 15 months; 16.24%-26.24% 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® Cash Rewards Credit Card
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Rewards Rate
4% Cash Back on dining; 4% Cash Back on entertainment; 2% Cash Back at grocery stores; 1% Cash Back on all other purchases. Plus, earn 8% cash back on tickets at Vivid Seats through May 2020.
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Sign-up Bonus
Earn a one-time $500 cash bonus after you spend $3000 on purchases within the first 3 months from account opening
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Cash Back Details
No minimums for redeeming and cash back won't expire for the life of the account
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Typical Credit Needed
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Annual Fee
$0 intro for first year; $95 after that
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Card Brand
Mastercard®
Highlights
- Click "APPLY NOW" to apply online
- Earn a one-time $500 cash bonus after you spend $3000 on purchases within the first 3 months from account opening
- Earn unlimited 4% cash back on dining and entertainment, 2% at grocery stores and 1% on all other purchases. Plus, earn 8% cash back on tickets at Vivid Seats through May 2020.
- Receive a monthly statement credit for a Postmates Unlimited monthly membership through Dec. 2019 with the Capital One Savor Card
- 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
- No foreign transaction fees
- Capital One cardholders get access to premium experiences in dining, entertainment and more
- $0 intro annual fee for the first year, $95 after that
See additional details for Capital One® Savor® Cash Rewards Credit Card
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Introductory APR
0% for 15 months on purchases and balance transfers
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Sign-up Bonus
Double Cash Back: Earn 3% cash back on all purchases in your first year up to $20,000 spent.
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Regular APR
17.24 - 25.99% 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
- New Offer! Double Cash Back: Earn 3% cash back on all purchases in your first year up to $20,000 spent. After that earn unlimited 1.5% cash back on all purchases.
- 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 17.24-25.99%. Balance transfer fee is 3% of the amount transferred, $5 minimum
- No minimum to redeem for cash back
- Cash Back rewards do not expire as long as your account is open
- Free credit score, updated weekly with Credit JourneySM
- No annual fee
See additional details for Chase Freedom Unlimited®
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