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Best Bank of America Credit Cards of 2019

NerdWalletMay 31, 2019

At NerdWallet, we strive to help you make financial decisions with confidence. To do this, many or all of the products featured here are from our partners. However, this doesn’t influence our evaluations. Our opinions are our own.

NerdWallet's Best Bank of America Credit Cards of 2019

Our pick for

Cash back

Bank of America® Cash Rewards Credit Card

on Bank of America's website, or call (877) 754-6706

on Bank of America's website, or call (877) 754-6706

Annual Fee

$0

Regular APR

16.24% - 26.24% Variable APR

Intro APR

0% on Purchases for 12 billing cycles and 0% on Balance Transfers for 12 billing cycles for balance transfers made in the first 60 days

recommended credit score

Pros

Get bonus cash back at grocery stores, wholesale clubs and a category of your choice (gas, dining, travel, drugstores, online shopping, or furniture and home-improvement stores). You can change your chosen 3% category once a month. Earn $200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening. Get a bonus of 25% to 75% of the rewards you earn if you're a Preferred Rewards client. There's also a pretty good 0% intro APR period.

Cons

The card's quarterly cap on rewards isn't ideal for larger spenders, and bonus rewards top out at 3% if you aren't a Preferred Rewards client. Other cash-back cards offer as much as 5% on quarterly bonus categories.
  • 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 on gas or your choice of one of five other popular categories, 2% at grocery stores and wholesale clubs and unlimited 1% on all other purchases (up to $2,500 in combined choice category/grocery store/wholesale club quarterly 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, 16.24% - 26.24% 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

Our pick for

Travel

Bank of America BankAmericard Travel Rewards® Credit Card Credit Card

on Bank of America's website, or call (800) 211-3740

on Bank of America's website, or call (800) 211-3740

Annual Fee

$0

Regular APR

17.24% - 25.24% Variable APR

Intro APR

0% on Purchases for 12 billing cycles

recommended credit score

Pros

Get a bonus of 25% to 75% of the rewards earned on every purchase if you're a Bank of America Preferred Rewards client. The card comes with a 0% APR period on purchases, and there's also a sign-up bonus: 25,000 online bonus points after 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. The annual fee is $0, and there's also no foreign transaction fee.

Cons

The card has a low sign-up bonus compared with some of the top travel cards on the market. Big spenders and frequent travelers may be better off with a card that offers bonus rewards for travel purchases, like the Bank of America® Premium Rewards® credit card. Its $95 annual fee can be offset by up to $200 in statement credits for travel expenses, and it comes with this more substantial bonus: 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 1.5 points per $1 spent on all purchases, with no annual fee and no foreign transaction fees and your points don't expire
  • 25,000 online bonus points after 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. After the intro APR ends, 17.24% - 25.24% Variable APR will apply
  • If you’re a Preferred Rewards member, you can earn 25% - 75% more points on every purchase

Our pick for

Balance transfers and 0% intro APR

Bank of America BankAmericard® Credit Card Credit Card

on Bank of America's website, or call (800) 322-7707

on Bank of America's website, or call (800) 322-7707

Annual Fee

$0

Regular APR

15.24% - 25.24% Variable APR

Intro APR

0% on Purchases for 18 billing cycles and 0% on Balance Transfers for 18 billing cycles for balance transfers made in the first 60 days

recommended credit score

Pros

The card offers 0% on Purchases and Balance Transfers for 18 billing cycles, and then the ongoing APR of 15.24% - 25.24% Variable APR. If you want to finance a large purchase or move a high balance from another card, you'll have a long window to pay it off without interest.

Cons

This card doesn't offer rewards, and there's little incentive to use it after you've paid off your balance. It charges a balance transfer fee of 3% of the amount transferred, or $10, whichever is greater. (You can get a $0 introductory transfer fee but a shorter 0% APR period by applying directly through Bank of America®.)
  • 0% Introductory APR for 18 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the intro APR offer ends, 15.24% - 25.24% Variable APR will apply. A 3% fee (min $10) applies to all 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

Our pick for

Small business

Bank of America Travel Rewards World Mastercard® for Business Credit Card

on Bank of America's website

on Bank of America's website

Annual Fee

$0

Regular APR

13.49% - 23.49% Variable APR

Intro APR

0% on Purchases for 9 billing cycles

recommended credit score

Pros

Start off with a nice bonus for a no-fee card: Earn 25,000 bonus points when you make at least $1,000 in net purchases within 60 days of your account opening which can be redeemed for a $250 statement credit towards travel purchases. Earn 3 points per dollar spent on rental car, hotel or airline purchases booked through the Bank of America® Travel Center. All other purchases earn unlimited 1.5 points for every dollar. There's also an introductory 0% APR period if you've got a big purchase you need to spread out.

Cons

Other business travel cards come with annual fees, but they also offer larger sign-up bonuses or higher ongoing rewards.
  • Earn 25,000 bonus points when you make at least $1,000 in net purchases within 60 days of your account opening which can be redeemed for a $250 statement credit towards travel purchases.
  • Earn unlimited 1.5 points for every $1 spent on all purchases everywhere, every time - no matter how much you spend. Points don't expire.
  • Earn 3 points per every dollar spent on travel purchases (car, hotel, airline) booked through the Bank of America® Travel Center - powered by Expedia®.
  • No annual fee and no international transaction fees.
  • 0% Introductory APR on purchases for your first 9 billing cycles.
  • Redeem points for travel with no blackout dates, cash back or gift cards.
  • Get 75% more points on the base earn of every purchase you make when you’re a Preferred Rewards for Business Platinum Honors tier member. That means you will earn 2.62 points for every $1 you spend and 4.12 points per every $1 you spend at the Bank of America® Travel Center.

Last updated on May 31, 2019

Methodology

NerdWallet's credit cards team selects the best cards in each category based on overall consumer value. Factors in our evaluation include fees, promotional and ongoing APRs, and sign-up bonuses; for rewards cards, we consider earning and redemption rates, redemption options and redemption difficulty. A single card is eligible to be chosen in multiple categories.