BankAmericard Cash Rewards Credit Card review

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Advertiser Disclosure

Interest Rate: Purchases
16.24 ‐ 26.24% (0% for the first 12 months)
Balance Transfer
16.24 ‐ 26.24% (0% for the first 12 months)
Rewards
1 - 2% cashback
Signup Bonus
$200 after spending $500


8.4/10
Informr score
The BankAmericard Cash Rewards Credit Card currently has an Informr score of 8.4 out of 10. This score is based on our evaluation of 21 sources including reviews from users and the web's most trusted critics.

Am I eligible?


BankAmericard Cash Rewards Credit Card is typically available to those with good credit scores (650 or greater).
To get this card, you must also:
Yes Be a permanent or temporary resident of USA

Note: This information is only intended as a guide. The final decision is up to the bank and your application could still be rejected even if you can answer 'Yes' to all the minimum criteria above. Always consider your options and your financial situation before you apply for a credit card.

What the Critics Are Saying...


The Wirecutter

If you want the very best cash-back rate on gas and you’re okay with tying up a lot of cash with Bank of America, consider the Bank of America Cash Rewards Credit Card. The Cash Rewards card is part of Bank of America’s Preferred Rewards program, which can lead to a higher reward rate depending on h...

- Sally French, The Wirecutter
Dough Roller

It’s not the best cash back credit card, but the new changes make it better. My advice would be to keep it in your rotation of credit cards and use it strategically when you can get the full 3% cash back.

- Chris Muller, Dough Roller
CreditCards.com

The Bank of America Cash Rewards card offers an exceptional rewards rate on a category of the user’s choice, allowing increased flexibility. But a $2,500 spending cap on bonus category rewards limits how much cardholders can earn.

- Kelly Dilworth, CreditCards.com
NerdWallet

The option to choose your own 3% cash-back category makes this card appealing for frugal spenders, despite its complicated rewards program and spending caps. If you qualify for the Preferred Rewards program, it can be even more valuable.

- Claire Tsosie, NerdWallet
The Ascent

The new intro bonus offer leads the pack with a low spending hurdle. The cash back versatility makes it even more enticing.

- Lyle Daly, The Ascent

Details


Interest Rates
Regular APR Interest Rate 16.24% ‐ 26.24% (0% for the first 12 months)

 This APR will vary with the market based on the Prime Rate.

Balance Transfer Interest Rate 16.24% ‐ 26.24% (0% for the first 12 months)
  • Intro rate applies on balances transferred within the first 60 days of account opening. 
  • This APR will vary with the market based on the Prime Rate.
Cash Advance Interest Rate 19.24% ‐ 27.24%

 This APR will vary with the market based on the Prime Rate.

Rates & Fees
Annual Fee $0.00
Balance Transfer Fee 3%

Minimum of $10

Cash Advance Fee 3%

For Direct Deposit and Check Cash Advances or $10 whichever is greater.


5%

for ATM, Over-the-Counter, Same-Day Online and Cash Equivalent Cash Advances or $10 whichever is greater.

Foreign Transaction Fee 3%

Of each transaction in U.S. dollars.

Over Limit Fee $0.00


Late Payment Fee $39.00

Maximum

Promotions
Sign up bonus $200 after spending $500

On purchases within the first 3 months.

Rewards
All Purchases 1% cash back
Restaurants No
Gas No
Groceries 2% cash back

On up to $2,500 of quarterly spending

Hotels No
Travel No
Pharmacy No
Bills No
Additional Details

Choose your 3% category (On up to $2,500 of quarterly spending)

- Gas

- Online Shopping

- Dining

- Travel

- Drug stores

- Home improvement/furnishings

Features & Benefits
Additional Card Holders Yes
Travel Accident Insurance No
Car Rental Insurance No
Car Rental Discount No
Extended Warranty No
Purchase Protection No
Zero Liability Yes
No Foreign Transaction Fees No
Emergency Assistance No
Concierge Service No
Price Protection No
Fraud Protection Yes
Free Credit Scores Yes
Wireless Payments Apple Pay, Samsung Pay, Android Pay
Additional Benefits
  • Online Shopping Security
  • Overdraft Protection
Eligibility
Minimum Security Deposit $0
Minimum Age 18
Minimum Personal Income
Temporary Residents No
More
Additional comments
Terms & Conditions Official Terms & Conditions
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Critic Reviews


The Wirecutter

Could net you hundreds of dollars per year

from The Wirecutter

If you want the very best cash-back rate on gas and you’re okay with tying up a lot of cash with Bank of America, consider the Bank of America Cash Rewards Credit Card. The Cash Rewards card is part of Bank of America’s Preferred Rewards program, which can lead to a higher reward rate depend...More

If you want the very best cash-back rate on gas and you’re okay with tying up a lot of cash with Bank of America, consider the Bank of America Cash Rewards Credit Card. The Cash Rewards card is part of Bank of America’s Preferred Rewards program, which can lead to a higher reward rate depending on how much money you have in your Bank of America/Merrill Lynch/Merrill Edge accounts.

Read full review

Less

Dough Roller

Doesn’t really give you anything special

from Dough Roller

It’s not the best cash back credit card, but the new changes make it better. My advice would be to keep it in your rotation of credit cards and use it strategically when you can get the full 3% cash back.

Read full review

It’s not the best cash back credit card, but the new changes make it better. My advice would be to keep it in your rotation of credit cards and use it strategically when you can get the full 3% cash back.

Read full review

Less

CreditCards.com

A basic cash-back card for relatively modest spenders

from CreditCards.com

The Bank of America Cash Rewards card offers an exceptional rewards rate on a category of the user’s choice, allowing increased flexibility. But a $2,500 spending cap on bonus category rewards limits how much cardholders can earn.

Read full review

The Bank of America Cash Rewards card offers an exceptional rewards rate on a category of the user’s choice, allowing increased flexibility. But a $2,500 spending cap on bonus category rewards limits how much cardholders can earn.

Read full review

Less

NerdWallet

Offers potentially valuable rewards for those who spend modestly

from NerdWallet

The option to choose your own 3% cash-back category makes this card appealing for frugal spenders, despite its complicated rewards program and spending caps. If you qualify for the Preferred Rewards program, it can be even more valuable.

Read full review

The option to choose your own 3% cash-back category makes this card appealing for frugal spenders, despite its complicated rewards program and spending caps. If you qualify for the Preferred Rewards program, it can be even more valuable.

Read full review

Less

The Ascent

Best-in-class with a low spending hurdle to qualify

from The Ascent

The new intro bonus offer leads the pack with a low spending hurdle. The cash back versatility makes it even more enticing.

Read full review

The new intro bonus offer leads the pack with a low spending hurdle. The cash back versatility makes it even more enticing.

Read full review

Less

SmartAsset

One of the best cash back cards with no annual fee

With a huge $150 cash back signup bonus and 0% APR for 12 billing cycles on purchases and balance transfers, this card is an incredible deal. Considering that the card has no annual fee, there is no harm in keeping it in your wallet for many years to come.

Read full review

With a huge $150 cash back signup bonus and 0% APR for 12 billing cycles on purchases and balance transfers, this card is an incredible deal. Considering that the card has no annual fee, there is no harm in keeping it in your wallet for many years to come.

Read full review

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Credit Card Insider

An easy way to earn cash back on gas and groceries, for no fee

from Credit Card Insider

Designed for anyone who wants a simple way to earn cash back for groceries and gas, purchases most of us make pretty often. There’s no annual fee to worry about paying, and cardholders get 12 months at 0% APR for both purchases and balance transfers.

Read full review

Designed for anyone who wants a simple way to earn cash back for groceries and gas, purchases most of us make pretty often. There’s no annual fee to worry about paying, and cardholders get 12 months at 0% APR for both purchases and balance transfers.

Read full review

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MoneyUnder30

A good gas rewards card

from MoneyUnder30

The no annual fee Bank of America Cash Rewards Credit Card ranks among the best gas rewards credit cards and is an especially attractive choice for existing Bank of America customers thanks to a redemption bonus for card members who deposit their cash back into a Bank of America checking or savings account.

Read full review

The no annual fee Bank of America Cash Rewards Credit Card ranks among the best gas rewards credit cards and is an especially attractive choice for existing Bank of America customers thanks to a redemption bonus for card members who deposit their cash back into a Bank of America checking or savings account.

Read full review

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Credit Fast

Perfect for everyday spending

from Credit Fast

A solid rewards card for everyday spenders. So as long as you can qualify, you will get several benefits and perks for using the card. With responsible use, this card could earn you a decent amount of rewards with few pitfalls.

Read full review

A solid rewards card for everyday spenders. So as long as you can qualify, you will get several benefits and perks for using the card. With responsible use, this card could earn you a decent amount of rewards with few pitfalls.

Read full review

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Wise Bread

Get more cash back for the essentials

from Wise Bread

This is our favorite card for regular gas, grocery, and wholesale club purchases, a no brainer for families. And the 10% bonus means every Bank of America customer should carry this card.

Read full review

This is our favorite card for regular gas, grocery, and wholesale club purchases, a no brainer for families. And the 10% bonus means every Bank of America customer should carry this card.

Read full review

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User Reviews


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