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BankAmericard Cash Rewards Credit Card

in Personal Credit Cards

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BankAmericard Cash Rewards Credit Card

Unaffiliated

in Personal Credit Cards

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Overview

Who is BankAmericard Cash Rewards Credit Card Designed For?

BankAmericard Cash Rewards is a credit card designed for people with good to excellent credit who want a cash back card with high reward rates on everyday purchases and competitive rates that doesn't carry an annual fee. Its long 0% APR intro rate also makes it an attractive option for people who carry a credit card balance or are planning to make large purchases.

What are the Rates for BankAmericard Cash Rewards Credit Card?

BankAmericard Cash Rewards' rates range from 14.49% APR to 24.49% APR depending on the credit history of cardholders. There is a 12-month 0% APR introductory rate on new purchases and balance transfers made within the first two months of opening the account. Cash advances have a 17.49% APR to 26.49% APR and there is a 29.99% APR penalty rate on new transactions when cardholders are late on their payments.

What Are the Fees for BankAmericard Cash Rewards Credit Card?

The BankAmericard Cash Rewards doesn't have an annual fee. However, it does have a 3% fee on foreign transactions and balance transfers ($10 minimum on balance transfers). It also charges a 3% to 5% fee on cash advances, depending on the withdrawal method used. Late payments incur a $38 fee and returned payments trigger a $27 fee.

What Is BankAmericard Cash Rewards Credit Card's Rewards Program Like?

BankAmericard Cash Rewards cardholders earn 2% cash back at grocery stores, 3% on gas purchases and 1% cash back on all other purchases. The catch is that the 2% and 3% bonus reward rates are capped at $2,500 in combined purchases every quarter. Once you reach the $2,500 cap, cash back rates drop to 1% on all purchases. There is no limit on the total amount of cash back you can earn, no revolving bonus categories to worry about and cash back points never expire.

A nice feature of the BankAmericard Cash Rewards Credit Card is that cardholders receive an additional 10% customer bonus when they redeem their cash back into a checking or savings account, which encourages members to save more.

What about BankAmericard Cash Rewards Credit Card's Signup Bonus?

BankAmericard Cash Rewards Credit Card gives online applicants a $150 signup bonus to cardholders who spend $500 in the first three months. This may not sound like much, but for a gas credit card with no annual fee, it is excellent.

Does BankAmericard Cash Rewards Credit Card Have Any Other Benefits?

Benefits and rewards are the Achilles heel of the BankAmericard Cash Rewards card. The only benefits are basic services like fraud liability, FICO score, overdraft protection, paperless statements, text banking and account alerts.

How Is BankAmericard Cash Rewards Credit Card Better Than Other Credit Cards?

The BankAmericard Cash Rewards is a solid cash back card with decent reward rates, a $150 signup bonus, and no annual fee. It's a good fit for people who are looking for significant cash back rebates but don't want the hassle of revolving categories and complicated rewards programs. It is particularly attractive for customers who also have a bank account with Bank of America because they receive an additional 10% when they deposit their cash back earnings into a checking or savings account.

Although you should probably leave this card home when traveling abroad since it has a 3% fee on foreign transactions, the card does have competitive rates, a decent cash back rewards program and a generous 0% APR intro rate, which make it a solid all-round credit card for everyday purchases.

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...

Availability

Available in 50 States and Washington, DC
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Grace Period
25
Annual Fee
$0
No Annual Fee
Late Payment Penalty
$38
Returned Payment Fee
$27
Minimum Interest Charge
$1.50
Foreign Currency Transaction Fee
3%
Military Status
  • Active Duty Military
  • Military Dependent
  • Non-Military
  • Veterans
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
  • Unemployed
Supported Income Types
  • 1099 Misc. Income
  • Cash
  • Direct Deposit (W2, SSA, SSDI)
  • Payroll Check or Prepaid Card
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Credit Score Range
640 - 850
850 300 640
Minimum Age
18
Co-signing Allowed
Customer Type
Personal
Credit Card Benefits
  • Fraud Liability
  • Free Credit Score
  • ID Theft Protection
Fraud Liability
Free FICO Score
Bonus Rewards
3%
Rewards Categories
  • Every Purchase
  • Gas
  • Groceries
  • Warehouse Clubs
Every Purchase
1%
No Reward Expiration Period
Signup Bonus
$150
Cash Advance APR
(Variable APR)
17.49% - 26.49%
8% 27%
Purchases APR
(Variable APR)
14.49% - 24.49%
0% 29%
Balance Computation
average daily balance (including new purchases)
Penalty APR
29.99%
Introductory Rate
0%
Balance Transfer APR
(Variable APR)
14.49% - 24.49%
8% 29%
Transfer Fee
3%
Transfer Fee Minimum
$10
Transfer Fee
3%
Introductory Rate
0%
Intro APR period (months)
12

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