Advertiser & Editorial Disclosure

Bank of America® Cash Rewards credit card

Bank of America® Cash Rewards credit card
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.

Nav's Verdict

Cost
45% Complete
HighLow
Effort to Apply
10% Complete
DifficultEasy
Card Perks
80% Complete
PoorGood
Features
70% Complete
PoorGood

8/10

Bottom Line

A great no-fee, cash back card for everyday living. Open a checking or savings account with Bank of America to earn even more rewards.

Pros

No annual fee. Intro APR period. Generous bonus categories.

Cons

Cap on rewards in bonus categories.

Intro APR
0% for 12 billing cycles on purchases
Purchase APR
16.24% - 26.24% Variable APR
Annual Fee
$0
Welcome Offer
$200 after you make at least $1,000 in purchases in the first 90 days of account opening.
Rewards Rate
1% cash back on every purchase, 2% cash back at grocery stores and wholesale clubs for the first $2,500 in combined choice category/grocery store/wholesale club quarterly purchases, and 3% cash back in your choice category.
Foreign Transaction Fee
3% of the U.S. dollar amount of each transaction

Reviews

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