BankAmericard Cash Rewards Credit Card Review

BankAmericard Cash Rewards Credit Card is a cashback credit card issued by Bank of America. 

Fair credit. This card is designed for people with fair credit. The minimum credit score to apply is 640.

Accepts cosigners. Bank of America is one of the few credit card issuers that allows applicants to include a cosigner, which improves the approval chances of people with not-so-great credit.

If you're wondering whether BankAmericard Cash Rewards Credit Card is the right card for you, read on. This is everything you need to know to make a good choice.

Is there a BankAmericard Cash Rewards Credit Card cash back or rewards program?

BankAmericard Cash Rewards Credit Card is a cashback card. This means you earn a percentage of your purchase as a cash reward. With BankAmericard Cash Rewards Credit Card you receive 1% cash back on every purchase. For example, if you buy a $1,000 laptop, you will receive $10 back in cash. However, you can earn up to 3% for purchases in a bonus category.

This card features rewards for purchases in the following categories:

• Every Purchase
• Gas
• Groceries
• Warehouse Clubs

BankAmericard Cash Rewards Credit Card Rewards

Rewards rate (all purchases)	1%
Max rewards rate	3%
Annual rewards limit	N/A
Signup Bonus ($)	$150
Signup Bonus Spend Requirement	$500

What are the BankAmericard Cash Rewards Credit Card benefits?

BankAmericard Cash Rewards Credit Card provides the following benefits:

• Free Credit Score
• Fraud Liability
• ID Theft Protection
• Reports to major credit bureaus

What are the relevant APRs for BankAmericard Cash Rewards Credit Card?

BankAmericard Cash Rewards Credit Card has a variable purchase APR that ranges from 14.49% up to 24.49%. The card has a variable balance transfer APR that ranges from 14.49% up to 24.49%.

It also has a variable cash advance APR that ranges from 17.49% up to 26.49%. 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.

What are the BankAmericard Cash Rewards Credit Card fees?

No Annual Fee. BankAmericard Cash Rewards Credit Card does not charge an annual fee.

3% Foreign transaction fees. BankAmericard Cash Rewards Credit Card charges a foreign transaction fee of 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 a foreign transaction fee.

The following fees apply to BankAmericard Cash Rewards Credit Card:

BankAmericard Cash Rewards Credit Card Fees

Fees	Amount
Annual Fee	$0
Foreign Transaction Fee	3%
Balance Transfer Fee	3%
Minimum Balance Transfer Fee	$10
Returned Payment Fee	$27
Late Payment Fee	$38

Does BankAmericard Cash Rewards Credit Card report your account activity to credit bureaus?

BankAmericard Cash Rewards Credit Card reports your account activity to the following credit reporting agencies:

• Equifax
• Experian
• Transunion

Making regular and on-time payments on a credit card that reports your account activity to credit bureaus will demonstrate that you consistently manage debt well and can help increase your credit scores.

How to apply for BankAmericard Cash Rewards Credit Card

• Visit the Bank of America website.
• Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, annual income, and source of employment.
• Check the information is accurate and submit your application.
• If you're denied click here to find out why your application may have been rejected and what you can do about it.