BankAmericard Cash Rewards 2016 Offer Details | NerdWallet
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BankAmericard Cash Rewards™ Credit Card

Apply Nowon Bank of America’s secure website, or call (877) 754-6706.
Apply Nowon Bank of America’s secure website, or call (877) 754-6706.

BankAmericard Cash Rewards™ Credit Card

Apply Nowon Bank of America’s secure website, or call (877) 754-6706.
Apply Nowon Bank of America’s secure website, or call (877) 754-6706.

Card details

  • No annual fee
  • $100 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 now at wholesale clubs, and 3% on gas up to 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, 13.24% - 23.24% 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%. Click "Apply Now" to learn more about Preferred Rewards.

APR, Variable

APR: 13.24% - 23.24% Variable APR

Penalty APR: up to 29.99% APR

Cash Advance APR: See Terms

Pros

  • No annual fee
  • Cash sign-up bonus
  • Cash rewards
  • Rewards accelerator if you bank with Bank of America or Merrill Lynch

Cons

  • If you're a big spender with excellent credit and willing to pay an annual fee, there are cards with higher rewards

Rewards rate

1.00%

Annual fee

$0

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

Nerdwallet Review

Author: Claire Tsosie

The BankAmericard Cash Rewards™ credit card is one of the better general-purpose cards available, since you get 3% back on gas and 2% cash back at grocery stores and wholesale clubs, up to $2,500 in combined quarterly spending. And it's an even better deal if you have a Bank of America® account: You'll get an additional 10% bonus on your cash back whenever you redeem your rewards as a Bank of America® deposit. That means you could potentially earn up to 3.3% on gas purchases, all for an annual fee of $0. You’ll also get a decent sign-up bonus: $100 online cash rewards bonus after you spend at least $500 on purchases in the first 90 days of account opening.

If you’re looking for big rewards at the grocery store, the BankAmericard Cash Rewards™ credit card isn’t your best bet. But if you want to earn more at the pump, and you have a Bank of America® account, this card is a great deal.

Read our full review here.

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