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Bank of America® Cash Rewards Credit Card for Students review

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Advertiser Disclosure

Interest Rate: Purchases
13.99% ‐ 23.99% (Variable) (0% for the first 15 months)
Balance Transfer
13.99% ‐ 23.99% (Variable) (0% for the first 15 months)
Rewards
1 - 3% cashback
Signup Bonus
$200 after spending $1,000


8.3/10
Informr score
The Bank of America® Cash Rewards Credit Card for Students currently has an Informr score of 8.3 out of 10. This score is based on our evaluation of 12 sources including reviews from users and the web's most trusted critics.

Am I eligible?


Bank of America® Cash Rewards Credit Card for Students is typically available to those with average 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...


FinanceBuzz

The Bank of America Cash Rewards Credit Card for Students is perfect for college attendees who have a limited or no credit history. Through responsible spending and on-time payments, students can use this credit card to build up their credit history, which will benefit them in the future when applyi...

- Kevin Payne, FinanceBuzz
Forbes

The Bank of America Cash Rewards for Students card will slide nicely into the wallet of students desiring a rewarding way to build credit, learn healthy spending and credit habits and who aren’t interested in seeing those rewards be granted specifically in terms of travel. With its higher earning ca...

- Chauncey Crail, Dia Adams, Forbes
The Balance

The Bank of America Cash Rewards for Students offers the same features as its non-student counterpart, but you don’t have to be a college graduate with a good credit history to get it. If you’re looking for a solid cash-back credit card you can hold onto even after you graduate, this one is worth yo...

- Ben Luthi, The Balance
Cardcruncher

The Bank of America Cash Rewards Credit Card for Students is a great choice for most students. It offers a strong sign up bonus, the ability to choose your own bonus category, and a solid cash-back rate. If you’re just getting started with credit cards, you probably don’t want to track bonus categor...

- TJ Porter, Cardcruncher
LendEDU

If you’re a student looking to establish a responsible credit history with a card for which it’s easy to qualify, the Bank of America Cash Rewards card is a good option. There’s no annual fee, the signup bonus only requires you to spend $1,000 in 90 days, and you get a 0% APR on purchases for 12 mon...

- Christy Rakoczy, LendEDU

Details


Interest Rates
Regular APR Interest Rate 13.99% ‐ 23.99% (Variable) (0% for the first 15 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 15 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 5%

Minimum of $10

Foreign Transaction Fee 3%

Of each transaction in U.S. dollars.

Over Limit Fee $0.00
Late Payment Fee $40.00

Maximum

Promotions
Sign up bonus $200 after spending $1,000

On purchases within the first 3 months.

Rewards
All Purchases 1% cash back
Restaurants No
Gas 3% cash back

On up to $2,500 of quarterly combined spending with groceries.

Groceries 2% cash back

On up to $2,500 of quarterly combined spending with gas and wholesale club.

Hotels No
Travel No
Pharmacy No
Bills No
Additional Details

As a Bank of America customer, you can get a 10% customer bonus every time you redeem your cash back into a Bank of America checking or savings account.

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, Google Pay
Virtual Cards No
Additional Benefits
  • Online Shopping Security
  • Overdraft Protection
Eligibility
Minimum Security Deposit $0
Minimum Age 18
Minimum Personal Income
Temporary Residents No
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Additional comments
Terms & Conditions Official Terms & Conditions
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Information in this article is believed to be accurate at the time it was written, but terms and conditions may change at any time. All information is presented without warranty or guarantee. Please verify all terms and conditions of any credit card prior to applying.

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