Bank of America® Cash Rewards credit card

Bank of America® Cash Rewards credit card

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

Bank of America® Cash Rewards credit card

Bank of America® Cash Rewards credit card

Bank of America® Cash Rewards credit card

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

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, 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 15 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the intro APR offer ends, 15.49% - 25.49% 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

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% Introductory APR for 15 billing cycles for purchases, and for any balance transfers made in the first 60 days

  • Ongoing APR

    APR: 15.49% - 25.49% Variable APR

    Penalty APR: up to 29.99% APR

  • 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

Bank of America® Cash Rewards Credit Card

Bank of America® Cash Rewards credit card

Annual Fee

$0

Annual Fee

$95

Annual Fee

$0

Regular APR

15.49% - 25.49% Variable APR

Regular APR

13.99% - 23.99% Variable APR

Rates & Fees

Regular APR

14.99% - 23.74% Variable APR

Intro APR

0% Introductory APR for 15 billing cycles for purchases, and for any balance transfers made in the first 60 days

Intro APR

0% intro APR on Purchases for 12 months

Intro APR

0% intro APR on Purchases for 15 months

Recommended Credit Score
Recommended Credit Score
Recommended Credit Score

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NerdWallet review

By Kimberly Palmer

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.