Bank of America® Cash Rewards Credit Card review

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Advertiser Disclosure

Interest Rate: Purchases
13.99% ‐ 23.99% (Variable) (0% for the first 12 months)
Balance Transfer
13.99% ‐ 23.99% (Variable) (0% for the first 12 months)
1 - 2% cashback
Signup Bonus
$200 after spending $1,000

Informr score
The Bank of America® Cash Rewards Credit Card currently has an Informr score of 8.6 out of 10. This score is based on our evaluation of 33 sources including reviews from users and the web's most trusted critics.

Am I eligible?

Bank of America® 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 Bank of America® Cash Rewards credit card is an attractive everyday spending vehicle for people with excellent credit. Things begin on a positive note, with no annual fee to worry about and the ability to earn a $200 initial bonus for spending just $1,000 in the first 90 days after account openi...

- John S Kiernan, WalletHub
The Wirecutter

The Bank of America Cash Rewards is a choose-your-own-adventure rewards credit card that allows you to pick a bonus category each month from a set list. It also offers 15 billing cycles of 0% interest on purchases and balance transfers. We consider this card great for when you need to make a big pur...

- Louis DeNicola, The Wirecutter

This is one of the best all-around credit cards on the market, and it’s especially attractive if you bank with Bank of America. If you spend a lot at the grocery store and prefer to have a little freedom in choosing your 3% cash back category, the Bank of America® Cash Rewards credit card is a great...

- Kevin Mercadante, MoneyUnder30
One Mile at a Time

If you’re looking to earn cash rewards and spend any amount on gas, online shopping, dining, travel, drug stores, and home improvement, then the Bank of America Cash Rewards Card is worth having, in my opinion. The card has no annual fee, and earning 3% cash back in a category of your choice is some...

- Ben, One Mile at a Time

The Bank of America Cash Rewards Credit Card is a good choice for cardholders who don’t want to worry about the added expense of an annual fee, while still earning competitive rewards on the things they buy. This card is probably best suited for those whose spending may fluctuate throughout the year...

- Stephanie Colestock, FinanceBuzz


Interest Rates
Regular APR Interest Rate 13.99% ‐ 23.99% (Variable) (0% for the first 12 months)

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

Balance Transfer Interest Rate 13.99% ‐ 23.99% (Variable) (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 16.99% ‐ 26.99% (Variable)

 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.


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 $40.00


Sign up bonus $200 after spending $1,000

On purchases within the first 3 months.

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

Preferred Rewards clients get a 25% - 75% rewards bonus on every purchase.

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
Virtual Cards No
Additional Benefits
  • Online Shopping Security
  • Overdraft Protection
Minimum Security Deposit $0
Minimum Age 18
Minimum Personal Income
Temporary Residents No
Additional comments
Terms & Conditions Official Terms & Conditions
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