Last Updated: 07/28/2025
Bank of America® Visa® Cash Rewards credit card
Unaffiliated
from Bank of America
Last Updated: 07/28/2025
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Highlights
Purchase APR (Variable APR)
23.99%(Verified 06/21/2024)
Disclaimer popup with additional information
Balance Transfer APR (Variable APR)
23.99%(Verified 06/21/2024)
Disclaimer popup with additional information
Credit Score Range
350 - 600
Annual Fee
$0
Bank of America® Visa® Cash Rewards credit card Review
This is a secured credit cashback credit card issued by Bank of America. If you're wondering whether Bank of America® Visa® Cash Rewards credit card is the right card for you, read on.
Key Takeaways
- APR: This is not a great card for people who carry a balance. It has a variable regular purchase APR of 23.99%
- No annual fee. This is a great option for people looking for a low-maintenance cashback card. It gives you cashback on your eligible purchases, but you don't have to pay an annual fee for the privilege.
- A 3% balance transfer fee. Bank of America® Visa® Cash Rewards credit card charges a fee of 3% on balance transfers. For example, a balance of $1,000 could cost $30 in transfer fees. The minimum fee is $10.
- Charges foreign transaction fees. Avoid using this card when traveling abroad because it charges a commission of up to 3% every time you make a transaction outside the U.S.
- Secured card. This card requires a refundable deposit before you can use the account. Deposits are returned upon account closure after settling outstanding balances. These cards can help people with poor credit or little credit history build their credit.
- Poor credit accepted. This card will consider people who have poor credit.
Pros & Cons of Bank of America® Visa® Cash Rewards credit card
| The Good | The Bad |
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Bank of America® Visa® Cash Rewards credit card FAQ
Does Bank of America® Visa® Cash Rewards credit card have a cash back or rewards program?
This is a cashback card. This means you earn a percentage of your purchases as cash back rewards.
| Description |
Does Bank of America® Visa® Cash Rewards credit card have a signup bonus?
This card doesn't offer a cash signup bonus.Does Bank of America® Visa® Cash Rewards credit card offer an annual loyalty bonus?
This card doesn't offer a cash loyalty bonus.What are the Bank of America® Visa® Cash Rewards credit card benefits?
Bank of America® Visa® Cash Rewards credit card provides the following benefits:
- Zero fraud liability
- Reports to major credit bureaus
What are the relevant APRs for Bank of America® Visa® Cash Rewards credit card?
According to the Federal Reserve Board, the average regular APR for accounts that carry a balance (as of November 2024) is 22.80%. This card has higher than average regular APRs.Bank of America® Visa® Cash Rewards credit card has a variable purchase APR of 23.99%. The card has a variable balance transfer APR of 23.99% . It also has a variable cash advance APR that ranges from 26.99% up to 27.24%.
Note that late payments are subject to an APR of 29.99% if you are late or miss your payments. Typically, the penalty APR applies for a minimum of six months but can go on indefinitely.Does Bank of America® Visa® Cash Rewards credit card have an intro APR offer on balance transfers?
No, it does not come with an intro APR offer for balance transfers.Does Bank of America® Visa® Cash Rewards credit card have an intro APR offer on new purchases?
This card does not offer an intro APR rate on new purchases.What are the fees for Bank of America® Visa® Cash Rewards credit card?
| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Returned Payment Fee | Up to $29 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Foreign Currency Transaction Fee | Starting at 3% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Annual Fee | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| No Annual Fee? | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Late Fee Amount | Up to $40 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Cash Advance Fee ($) | Starting at $10 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash Advance Fee (%) | 3% - 5% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
This card does not charge an annual fee, which makes it a smart choice for consumers looking for a low-cost cashback card.
Does Bank of America® Visa® Cash Rewards credit card have a foreign transaction fee?
Bank of America® Visa® Cash Rewards credit card charges a foreign transaction fee of up to 3%. For example, if you spend $2,000 on a week vacation abroad you would pay a foreign transaction fee of $60. If you travel abroad you may want to leave this card at home and apply for one that doesn't charge foreign transaction fees.What is the customer service phone number for Bank of America® Visa® Cash Rewards credit card?
The customer service number for Bank of America® Visa® Cash Rewards credit card is (800) 932-2775.
What is the support contact email for Bank of America® Visa® Cash Rewards credit card?
The support contact email for Bank of America® Visa® Cash Rewards credit card is customerservicealert@bankofamerica.com.
How do people rate the customer service and user experience of Bank of America® Visa® Cash Rewards credit card?
We currently don't have sufficient reviews to provide a reliable SuperMoney community rating for this product.
Does Bank of America® Visa® Cash Rewards credit card report your account activity to credit bureaus?
Yes, Bank of America® Visa® Cash Rewards credit card reports to the following credit bureaus:
- Equifax
- Experian
- TransUnion
Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help build your credit.
Does Bank of America perform a hard credit pull?
Yes, Bank of America® Visa® Cash Rewards credit card performs a hard credit pull when you apply for a loan. Additionally, it doesn't provide the option to check your rates using a soft credit pull, a feature that many lenders offer.
Click here to get prequalified rates from multiple leading lenders without a hard credit pull. However, if you accept a loan offer, a hard credit pull will likely be performed.
How to apply for Bank of America® Visa® Cash Rewards credit card
- Visit the website of Bank of America® Visa® Cash Rewards credit card.
- Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
- Check the information is accurate and submit your application.
If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
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Other Credit Cards from Bank of America
Purchase APR
19.24% - 29.24%
Disclaimer popup with additional information
Balance Transfer APR
19.24% - 29.24%
Disclaimer popup with additional information
Credit Score Range
650 - 850
300
850
Annual Fee
$0
Disclaimer popup with additional information
Purchase APR
16.99% - 26.99%
Disclaimer popup with additional information
Balance Transfer APR
16.99% - 26.99%
Disclaimer popup with additional information
Credit Score Range
600 - 850
300
850
Annual Fee
$0
Purchase APR
19.24% - 29.24%
Disclaimer popup with additional information
Balance Transfer APR
19.24% - 29.24%
Disclaimer popup with additional information
Credit Score Range
700 - 850
300
850
Annual Fee
$0
Disclaimer popup with additional information
Rating not yet determined
Purchase APR
19.24% - 29.24%
Disclaimer popup with additional information
Balance Transfer APR
19.24% - 29.24%
Disclaimer popup with additional information
Credit Score Range
650 - 850
300
850
Annual Fee
$0
Disclaimer popup with additional information
Purchase APR
12.99% - 22.99%
Disclaimer popup with additional information
Balance Transfer APR
12.99% - 22.99%
Disclaimer popup with additional information
Credit Score Range
700 - 850
300
850
Annual Fee
$0
Rating not yet determined
Purchase APR
18.24% - 26.24%
Disclaimer popup with additional information
Balance Transfer APR
15.9% - 23.9%
Disclaimer popup with additional information
Credit Score Range
650 - 850
300
850
Annual Fee
$59
Rating not yet determined
Purchase APR
13.99% - 23.99%
Disclaimer popup with additional information
Balance Transfer APR
13.99% - 23.99%
Disclaimer popup with additional information
Credit Score Range
650 - 850
300
850
Annual Fee
$0
Rating not yet determined
Purchase APR
18.24% - 26.24%
Disclaimer popup with additional information
Balance Transfer APR
18.24% - 26.24%
Disclaimer popup with additional information
Credit Score Range
600 - 850
300
850
Annual Fee
$89
Rating not yet determined
Purchase APR
16.99% - 26.99%
Disclaimer popup with additional information
Balance Transfer APR
16.99% - 26.99%
Disclaimer popup with additional information
Credit Score Range
650 - 850
300
850
Annual Fee
$0
Rating not yet determined
Purchase APR
13.99% - 23.99%
Disclaimer popup with additional information
Balance Transfer APR
13.99% - 23.99%
Disclaimer popup with additional information
Credit Score Range
650 - 850
300
850
Annual Fee
$0
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Learn MoreSuperMoney Net Recommendation Score
Not enough SuperMoney users have reviewed this product to provide a recommendation score or rating.
0
-1000+100
No one recommends
Everyone recommends
Bank of America® Visa® Cash Rewards credit card Community Reviews
Would you recommend Bank of America® Visa® Cash Rewards credit card to your friends?
MR
Megan R.
May 3, 2022
May or may not recommend
I loved that this card was available to me while I was building my credit but at that time I didn't fully understand what an APR so I would suggest taking that into consideration before jumping right into getting and using this credit card. It is a nice card to start out with if you have the ability to pay it off on time.
HF
Hannah F.
Apr 18, 2022
May or may not recommend
This is the first type of credit card I got through BoA. My mom was allowed to co-sign on it, and I was able to build my credit through her credit. For people who are trying to do the same thing, this card was great for that! It is also great for people with poor to mid-range credit scores. However, the APR is high, so make sure you pay down ...Show More
Showing 2 of 2 reviews
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