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 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.

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.

Pros

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

Cons

Cap on rewards in bonus categories.

Intro APR
0% for 15 billing cycles on purchases
Purchase APR
15.49% - 25.49% 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
3% cash back in the category of your choice, 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 1% cash back on every purchase.
Foreign Transaction Fee
3% of the U.S. dollar amount of each transaction

Reviews

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