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. NEW OFFER: Maximize your cash back in the category of your choice: gas, online shopping, dining, travel, drug stores, or home improvement /furnishings. Now earn 3% cash back in your choice category and 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. You can update your choice category for future purchases once each calendar month using the Mobile Banking app or Online Banking, or do nothing and it stays the same. No expiration on rewards. 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 balance transfers. 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
3% cash back in your choice category, 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 all other purchases.
Foreign Transaction Fee
3% of the U.S. dollar amount of each transaction

Reviews

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