Bank of America® 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

Bank of America® 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
  • $150 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, 13.99% - 23.99% 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%

APR, Variable

APR: 13.99% - 23.99% Variable APR

Penalty APR: up to 29.99% APR

Pros

  • No annual fee
  • Cash bonus offer
  • Cash rewards

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

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NerdWallet Review

Author: Claire Tsosie

The Bank of America® 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: $150 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 Bank of America® 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.

NerdWallet reviews are the result of independent research by our editorial team while cardholder reviews are contributions from independent users not affiliated with NerdWallet. Banks, issuers and credit card companies are not responsible for any content posted on the NerdWallet site, nor do they endorse or guarantee any posted comments or reviews.

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