The card also offers a lengthy promotional APR (0% intro APR on purchases and balance transfers made in the first 60 days for 15 billing cycles, then 13.99% to 23.99% variable APR) and has no annual fee. Cardholders choose from one of six categories including gas, online shopping, dining, travel, drug stores and home improvement. Customized Cash Rewards cardholders also earn 2% cash back at grocery stores and wholesale clubs, and unlimited 1% cash back on all other purchases. Clients earn 3% and 2% cash back on the first $2,500 in combined purchases each quarter in the choice category, and at grocery stores and wholesale clubs, then earn unlimited 1% thereafter. With one of the industry's longest intro APR offers on qualifying balance transfers and purchases, the BankAmericard® credit card can be a useful money management tool.
This card doesn't provide much in the way of other features beyond free FICO Score access and no penalty APR but it does now offer a new intro bonus. You get a $100 statement credit online bonus after spending $1,000 in the first 90 days. Despite having no rewards program, this card is still a solid choice for getting a temporary break from interest charges.Read our full BankAmericard® credit card review. In addition, many travel rewards cards have helpful benefits you can take advantage of, including generous sign-up bonuses and other perks. A card with no foreign transaction fees could be useful if you're traveling abroad, as you wouldn't pay an extra fee on credit card purchases. Some cards, including the Bank of America Premium Rewards Credit Card, also offer premium benefits, like aTSA PreCheck or Global Entry fee reimbursement.
Cardholders also get an airline incidentals credit, which can help offset the cost of baggage fees and other inflight purchases. You can get a $200 cash rewards bonus after making $1,000 in purchases in the first 90 days of account opening, and an introductory 0% APR on purchases and balance transfers for the first 15 billing cycles. You'll need to make balance transfers within 60 days of account opening and pay a 3% fee ($10 minimum). After the introductory period, you'll have a variable 13.99% to 23.99% APR. Although the card is marketed as a rewards credit card with everyday earning at a rate of1.5 points per dollar, it functions more like a travel rewards card. It earns 2 points per dollar spent on travel , and you can redeem your points for travel via the Bank of America Travel Center.
Or you can purchase your travel elsewhere, earn 2 points per dollar, and redeem your points for a statement credit against your purchase. Includes a bonus that is among the biggest we've come across in the no annual fee category and a flexible cash rewards program. Plus, the long intro APR offer makes this card one of the best Bank of America credit cards. The Bank of America® Customized Cash Rewards credit cardoffers new customers a $200 sign-up online cash rewards bonus after you spend at least $1,000 in purchases in the first 90 days from your account opening. You also get 3 percent cash back on a category of your choice and 2 percent cash back at grocery stores and wholesale clubs, on your first $2,500 in combined grocery/wholesale club/choice category purchases each quarter. There's a $200 welcome bonus if you spend at least $1,000 within 90 days of account opening.
Cash Rewards for Students also offers a 0% interest intro offer on purchases and balance transfers for your first 12 billing cycles after account opening (13.99% – 23.99% variable APR thereafter). Balance transfers must be made within 60 days of account opening. There's a balance transfer fee of 3% or $10, whichever is higher, but this card has no annual fee. Bank of America offers a variety of credit cards with different rewards and benefits programs to meet the specific wants and needs of consumers. Whether you are looking for a personal credit that offers travel rewards, a student credit card to help you begin building credit, or a business credit card, Bank of America has a credit card that can fit your needs. No matter your budget, Bank of America has a card for you with many cards that don't require an annual fee.
Our winner for the best Bank of America student credit card is the Bank of America Customized Cash Rewards for Students because of its flexible cash back rewards program. This is a good card for students who want to build their credit while earning cash back on everyday items like gas, online shopping, and groceries. With no annual fee and a 12-month offer of 0% APR on purchases and balance transfers, it's worth checking out. Bank of America welcome bonuses have some of the highest minimum spending requirements among major card issuers, starting at $1,000 and increasing to $3,000. For instance, the Bank of America® Cash Rewards credit card offers a $200 cash rewards bonus after making at least $1,000 in purchases in the first 90 days of your account opening .
Meanwhile, the Bank of America® Premium Rewards® credit card offers 50,000 bonus points after you make at least $3,000 in purchases in the first 90 days of account opening. Bank of America offers a portfolio of low-cost cards with flexible rewards. Many are variations of its cash rewards, travel rewards, and zero interest offerings. To determine our picks for the best Bank of America credit cards, we evaluate each card currently available from the issuer, focusing on the options most helpful to a broad range of credit card users. Our criteria includes details such as each card's stated purpose, rewards value, added benefits, introductory offer, and interest rate. This card may appeal to occasional travelers who want a no annual fee credit card with a simple rewards system.
However, the caveat to this flexibility is that there is a $2,500 combined purchase limit on the 2% and 3% categories each quarter. Certain credit cards are eligible to receive the Preferred Rewards bonus. Enrolled Preferred Rewards members can receive a Preferred Rewards bonus of 25% for the Gold tier, 50% for the Platinum tier, or 75% for the Platinum Honors tier based on their Program tier and type of card. If your product receives the 10% customer bonus, the Preferred Rewards bonus will replace the 10% customer bonus.
The Preferred Rewards bonus for eligible cash rewards credit cards will be applied after all base and bonus cash rewards have been calculated on a purchase. For example, a $100 purchase that earns 3% ($3.00) will actually earn $3.75, $4.50 or $5.25 based on your tier when the purchase posts to your account. For all other eligible card types, a purchase that earns 100 base points will actually earn 125, 150 or 175 points based on your tier when the purchase posts to your account. The Preferred Rewards bonus is not applied to any account opening bonus, if applicable.
The Preferred Rewards bonus also does not apply to the bonus earn for certain programs. This information can be found in the Program Rules associated with those credit cards. Please refer to your card's Program Rules for details about how you will receive the Preferred Rewards bonus. Program Rules are mailed upon account opening and are accessible through the rewards redemption site via Online Banking or by calling the number on the back of your card.
The qualifying balance is calculated based on your average daily balance for a three calendar month period. Refer to your Personal Schedule of Fees for details on accounts that qualify towards the three-month combined average daily balance calculation and receive program benefits. Eligibility to enroll is generally available three or more business days after the end of the calendar month in which you satisfy the requirements.
Benefits become effective within 30 days of your enrollment, or for new accounts within 30 days of account opening, unless we indicate otherwise. Certain benefits are also available without enrolling in Preferred Rewards if you satisfy balance and other requirements. For details on employee qualification requirements, please visit the Employee Financial Services intranet site. 8 credit cards without foreign transaction fees, so you can save money on international trips This card does come with a $79 annual fee, but you won't pay foreign transaction fees on purchases made abroad.
Also, note that you'll get a 20% rebate on purchases made on Amtrak when you pay with your credit card. Every Bank of America credit card has a different credit score requirement. A travel rewards credit card or a cash rewards card will typically require a good credit score, while a secured credit card or a student credit card may only require fair credit -- or no credit at all. Bank of America Premium Rewards credit card is our top pick for the best overall credit card and the best travel credit card due to its flexible redemption options, generous bonus offer, and no foreign transaction fees. While it does come with a $95 annual fee, the rewards and benefits you get from this card can more than make up for the cost. Bank of America Premium Rewards card is our choice for the best overall and best travel card from Bank of America due to its flexible redemption options, generous bonus points offer, and no foreign transaction fees.
This card does charge a $95 annual fee, though that is in line with other popular travel rewards cards from competing issuers and should be easily justified with earnings from consistent use. We love credit cards, but we don't love how confusing they can be when it comes to earning or redeeming their rewards. The Bank of America Travel Rewards credit card simplifies the travel rewards space with unlimited 1.5 points per $1 spent on all purchases. While this isn't the highest earning rate on a flat-rate rewards credit card, it can be significantly boosted for those who are members of Bank of America's Preferred Rewards program. This simple line of business credit cards doesn't cater to the luxury credit card market or brand new business owners building credit.
Instead, Bank of America provides a happy medium of affordable cards with an array of competitive benefits with and extras for current business banking customers. Other Bank of America business credit card benefits include cash flow management tools and a low annual fee. The Chase Freedom Flex is a Forbes Advisor top pick both for cash back credit cards and no annual fee credit cards, and with good reason.
Many will come out ahead with this rewards scheme compared to that of the Bank of America Travel Rewards card. The Bank of America® Customized Cash Rewards credit card is a great option for earning cash back in multiple purchase categories, including one that you get to choose. You can select from six potentially lucrative categories to help ensure that you'll earn plenty of cash back in areas where you spend the most. Flexibility, lack of annual fee and the ability to earn 25%-75% more rewards as a Preferred Rewards member make it a valuable all-around card.Read our full Bank of America Customized Cash Rewards credit card review. For a no-nonsense cashback credit card, it's hard to beat the Bank of America Cash Rewards Credit Card.
It has a $0 annual fee and earns cash back on every purchase. Cashback cards provide terrific potential for earning rewards on everyday purchases. If you want to earn cash back on gas, groceries, shopping, and dining purchases, consider a Bank of America cashback credit card. Some cards even offer the chance to choose your bonus categories, so you can earn bonus cash back at a higher rewards rate in the categories where you spend the most. The Bank of America® Travel Rewards credit card offers a rewards structure that's easy to understand.
You'll earn 1.5 points for each dollar you spend on all purchases, and there are no limits to keep track of at all. On the redemption side, you can cash in your points for statement credits to cover travel purchases at a rate of 1 cent each. The Bank of America Travel Rewards credit card offers flat points on every purchase.
Instead of redeeming through a rewards program or travel portal, you can simply redeem points for statement credits toward your next trip or restaurant purchase. Note that this doesn't apply to business cards issued by Bank of America, and also doesn't count cards issued to you by another bank. Bank of America offers many credit cards with no annual fee. Some credit cards, including the Bank of America Premium Rewards credit card, do have a $95 annual fee but are worth it for those who take advantage of the generous bonus offer and solid reward points program.
We rate the Bank of America Travel Rewards card as the best no annual fee travel card because of its generous rewards on all purchases and excellent bonus opportunity. Its travel redemption options and its lack of annual fee or foreign transaction fees also helped it to earn this top spot. By holding a certain level of assets at BofA and setting up cash back auto-redemption to deposit into one of my BofA accounts I get a "rewards bonus" of 25-75%. They also have "BankAmeriDeals" with various companies to further multiply your earnings - I get an extra 5-10% back when the deals are active at companies like Starbucks, PetSmart, etc. I will even see an item in store and buy online to get the extra points on larger purchases when my 3% reward is set to online shopping. In 2021 , I have earned $214.21 in cash back and received $95.98 bonus cash - $310.19 total deposited in my checking account.
If you already have assets at BofA and/or do a lot of spending in one of their 3% categories I definitely recommend this card. I also find the BofA app easy to use, appreciate the security features on the card, and have always experienced excellent customer care. If you're looking for valuable travel rewards with no annual fee, your credit card options can be slim. This card is one of the few that fit those criteria, and it also offers a boosted rewards rate on general purchases.
Frequent business travelers will love using their rewards to cover even more travel with the Bank of America Business Advantage Travel Rewards World Mastercard credit card. If you are carrying a high amount of credit card debt and need some additional time to pay it down without incurring high interest charges, the BankAmericard credit card can be an effective option. It offers an introductory 0% APR for the first 18 billing cycles for purchases and balance transfers made within 60 days of opening an account. Just keep in mind that you'll have to pay a 3% fee on the balance you transfer (or $10, whichever is greater). The best Bank of America credit card is the one that aligns with your lifestyle, spending habits, and financial goals. Because each individual has different financial needs, the best credit card for you might not be the best card for someone else.
If you want a card to earn rewards on everyday purchases, consider a cashback credit card. If you want a card to enhance your travel experience and earn valuable points or miles, consider a travel rewards credit card. Instead of cash back, the Bank of America® Travel Rewards credit cardoffers points that are worth one cent each towards any travel reservations.
When you open a new account, you earn 25,000 online bonus points after you spend $1,000 on new purchases within 90 days. You also earn 1.5 points per dollar spent on all purchases, with no limits. You can redeem your points as statement credits towards any travel purchase including flights, hotels, car rentals, vacation packages, and even baggage and change fees.
The best Bank of America credit cards generate value while fulfilling a specific role needed in your wallet, such as balance transfers or travel perks. Finder's experts looked at all of Bank of America's available credit cards and compared them based on a number of factors such as reward categories, earning rates, intro APR opportunities and additional perks and features. We ranked the top performers to give you an idea of what your best pick is for your circumstance. Our trustworthy, unbiased evaluations are solely meant to help you choose the best credit card for your financial needs. This extended time period is good news for eligible cardholders who may find it hard to spend upwards of $1,000 within the traditional 90-day period. If you travel internationally, you'll want a card like the Bank of America® Premium Rewards® credit card or the Bank of America® Travel Rewards credit card because they don't charge a foreign transaction fee.
If you spend a lot, a card with an annual fee that offers a higher rewards rate -- such as the Bank of America® Premium Rewards® credit card -- might be worth it. The Bank of America® Customized Cash Rewards Card is a valuable cash back card, with flexible bonus categories for common expenses that many people have every week. Your 3% and 2% rates are limited to $2,500 in combined quarterly purchases. You'll also get a nice online cash rewards bonus and pretty long 0% intro periods for purchases and balance transfers. You'll earn 25%-75% more points on every purchase with Preferred Rewards, meaning you can earn up to 3.5 points on travel and dining purchases. This card offers even more value for certain existing Bank of America customers and the bank's Preferred Rewards members, with 25%-75% more cash back on every purchase.
For the 3% earning category, that means you could earn up to 5.25% cash back. You'll need a Bank of America checking account and a three-month combined daily balance of $20,000 or more in deposit or investment accounts to enroll in Preferred Rewards. The Bank of America Premium Rewards card is great for using the points earned for rewards that normal airline miles or credit card points can't cover. Bank of America Preferred Rewards members get a 25%-75% rewards bonus on every purchase. New cardmembers earn a 50,000-point sign-up bonus after spending $3,000 in the first 90 days of account opening.
The card offers bonus earnings on a category of choice as well as enhanced earnings on grocery purchases, with a base rate on all other purchases. A good credit card should offer benefits that are easy to use and a rewards system that works best for you. For instance, frequent travelers will find the most value with a travel-focused rewards card that offers perks such as travel statement credits, lounge access and trip insurance.
Parents and other everyday shoppers might like the simplicity of a flat-rate cash back card with features like extended warranty and purchase protection. Here's an intriguing option for loyal Bank of America customers interested in adding a travel credit card to the relationship. The Bank of America® Premium Rewards® credit card is great for travel and dining purchases, which earn you 2 points for every dollar spent.
You also earn 1.5 points on all other eligible purchases, and you can enjoy travel benefits you won't find with other Bank of America cards.Read our full Bank of America Premium Rewards credit card review. If you want a low-stress credit card without an annual cost, consider one of the best no annual fee credit cards that Bank of America offers. When you don't have to worry about an annual fee, it's easier to focus on earning rewards and using your card's benefits. Annual credit card fees can add up quickly, so if you can find a card that earns rewards, cash-back, or other valuable benefits and it doesn't charge an annual fee, that's a big positive. Fortunately, Bank of America offers a large selection of credit cards with no annual fees. The rewards program structure is also one of the most useful of its kind, though not as lucrative as the Bank of America® Customized Cash Rewards credit card which offers up to 3 percent cash back on select purchases.
