Bank of America Cash Rewards Credit Card

Our Rating: 90

Cash Rewards By Bank of America January 2021 Review

Annual Fee:$0
Reccomended Credit Score:Good to Excellent (670 - 850)
Inroductory APR:0% intro APR for 12 billing cycles on purchases and on balance transfers made within 60 days of account opening
Regular APR:13.99%-23.99% (Variable)

Bank of America Cash Rewards Overview:

This card features great cashback rewards with complicated terms. A $0-annual-fee and the option to choose your own 3% bonus category from a list of options monthly.

This credit card is ideal for consumers who want to boost their rewards rates and have large balances with either Bank of America or Merrill.

This card is not ideal for big spenders as it comes with bonus category spending caps.

Features:

  • 3% cashback on the following options that can be changed monthly
    • Gas
    • Online Shopping
    • Travel
    • Drugstores
    • Dining
    • Home Improvements and furnishings
  • 1% cashback on all other purchases
  • 0$ annual fee
  • Sing up bonus - $200 online cash rewards bonus after making a minimum of $1,000 in purchases within the first 90 days of opening an account

Pros

  • 0$ annual fee
  • Generous Signup bonus
  • Earn 3% cashback on the category of your choice
  • 1% cashback on all other purchases

Cons

  • Caps on bonus rewards