Bank of America® Cash Rewards credit card
on Bank of America's website
Bank of America® Cash Rewards credit card
Card details
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
Rates, fees & offers
Annual fee
$0
Rewards rate
1%-3%
Bonus offer
$200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening
Intro APR
0% intro APR for 12 billing cycles on purchases and on balance transfers made within 60 days of account opening
Ongoing APR
APR: 13.99% - 23.99% Variable APR
Penalty APR: up to 29.99%, Variable
Balance transfer fee
Either $10 or 3% of the amount of each transaction, whichever is greater.
Foreign transaction fee
3%
Recommended credit score
Compare to other cards
Annual Fee$0 | Annual Fee$95 | Annual Fee$95 |
Regular APR13.99% - 23.99% Variable APR | Regular APR15.99% - 22.99% Variable APR | |
Intro APR0% intro APR for 12 billing cycles on purchases and on balance transfers made within 60 days of account opening | Intro APRN/A | Intro APR0% intro APR on Purchases for 12 months |
Recommended Credit Score |
Recommended Credit Score |
Recommended Credit Score |
Wondering if this card is the best match for you?
Wondering if this card is the best match for you?
Wondering if this card is the best match for you?
Just tell us some details and see which card matches your needs most.
Just tell us some details and see which card matches your needs most.
NerdWallet review
Rating details
4.5
Editor's overall rating
Pros and cons
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
The Bank of America® Cash Rewards credit card can earn outstanding rewards rates — but only if you have a lot of money in Bank of America®-affiliated accounts. If not, your rewards rates will be only so-so.
The card itself offers 3% cash back in a category you choose and 2% at grocery stores and wholesale clubs on up to $2,500 in combined choice-category/grocery/wholesale club spending per quarter. All other purchases earn 1%.
But if you have at least $20,000 in combined accounts at Bank of America®, and/or Merrill, you can join the Preferred Rewards program and earn bonuses of 25% to 75%.
The card’s annual fee is $0. For more information, visit our full review.
