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  Bank of America Cash Rewards Credit Card

Bank of America Cash Rewards Credit Card

in Personal Credit Cards from Bank of America

Unaffiliated

Bank of America Cash Rewards Credit Card

Unaffiliated

in Personal Credit Cards from Bank of America

Net Recommendation Score +25% Recommendation score measures the loyalty between a provider and a consumer. It's at +100% if everybody recommends the provider and at -100% when no one recommends.

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Annual Fee $0
Purchase APR  (Variable APR) 15.99% - 25.99%
Balance Transfer APR  (Variable APR) 15.99% - 25.99%
Credit Score Range 640 - 850

Bank of America Cash Rewards Credit Card Review

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

This card is designed for people with fair credit. The minimum credit score to apply is 640. 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 Bank of America 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 Bank of America Cash Rewards Credit Card cash back or rewards program?

Bank of America Cash Rewards Credit Card is a cashback card. This means you earn a percentage of your purchase as a cash reward. With Bank of America 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.

Bank of America Cash Rewards Credit Card Rewards
Rewards rate (all purchases) 1%
Max rewards rate 3%
Annual rewards limit N/A
Signup Bonus ($) $200
Signup Bonus Spend Requirement $1000
Signup Bonus Spend Period (months) 3 months

What are the Bank of America Cash Rewards Credit Card benefits?

Bank of America Cash Rewards Credit Card provides the following benefits:

  • Free Credit Score
  • Fraud Liability
  • No blackout dates when redeeming miles
  • ID Theft Protection
  • Reports to major credit bureaus

What are the relevant APRs for Bank of America Cash Rewards Credit Card?

Bank of America Cash Rewards Credit Card has a variable purchase APR that ranges from 15.99% up to 25.99%. The card has a variable balance transfer APR that ranges from 15.99% up to 25.99%.

It also has a variable cash advance APR that ranges from 18.99% up to 26.99%. 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 Cash Rewards Credit Card have an introductory APR offer?

Yes, Bank of America Cash Rewards Credit Card offers an introductory APR rate on balance transfers of 0% for a period of up to 15 months.

This card does offer an introductory APR rate of 0% on qualified purchases for a period of up to 15 months.

Bank of America Cash Rewards Credit Card Balance Transfers
Description
Balance Transfer APR 15.99% - 25.99%
Introductory Rate 0%
Intro APR period (months) 15
Bank of America Cash Rewards Credit Card Rates & Terms
Description
Balance Computation average daily balance (including new purchases)
Purchase APR 15.99% - 25.99%
Credit Limit N/A
Penalty APR 29.99%
Cash Advance APR 18.99% - 26.99%
Security Deposit N/A
Introductory Rate 0%
Intro APR period (months) 15

What are the Bank of America Cash Rewards Credit Card fees?

The following fees apply to Bank of America Cash Rewards Credit Card:

Bank of America 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 $28
Late Payment Fee $39

Does Bank of America Cash Rewards Credit Card have a foreign transaction fee?

Bank of America 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.

Does Bank of America Cash Rewards Credit Card report your account activity to credit bureaus?

Bank of America Cash Rewards Credit Card reports your account activity to the following credit reporting agencies:

  • 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 can help improve your credit score.

How to apply for Bank of America 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.

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...

Availability

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

No Interest Grace Period for Late Payment 25
Annual Fee $0
No Annual Fee  
Returned Payment Fee $28
Minimum Interest Charge $1.50
Late Fee Amount $39
Balance Transfer Fee % 3%
Balance Transfer Fee Minimum $10
Cash Advance Fee (%) 3%
Cash Advance Fee Minimum $10
Foreign Currency Transaction Fee 3%
Minimum Age 18
Co-signing Allowed  
Credit Score Range 640 - 850
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
  • Unemployed
Military Status
  • Active Duty Military
  • Military Dependent
  • Non-Military
  • Veterans
Supported Income Types
  • 1099 Misc. Income
  • Cash
  • Direct Deposit (W2, SSA, SSDI)
  • Payroll Check or Prepaid Card
  • Tax Returns
Customer Type Personal
Card Type
  • Balance Transfer
  • Bonus Offers
  • Cashback
  • Zero Percent
Credit Bureau Reporting
  • Equifax
  • Experian
  • TransUnion
Card Network
  • Mastercard
Fraud Liability  
Free FICO Score  
Credit Card Benefits
  • Fraud Liability
  • Free Credit Score
  • Identity Theft Protection
Rewards Categories
  • Drug Store Purchases
  • Every Purchase
  • Gas
  • Groceries
  • Home Improvement Purchases
  • Restaurants
  • Warehouse Clubs Purchases
Bonus Rewards $200 cash rewards bonus after making at least $1,000 in purchases in the first 90 days of your account opening
No Blackout Dates  
Every Purchase 1% cash back on all other purchases
No Reward Expiration Period  
Signup Bonus $200
Purchase APR (Variable APR) 15.99% - 25.99%
Cash Advance APR (Variable APR) 18.99% - 26.99%
Balance Computation average daily balance (including new purchases)
Penalty APR 29.99%
Introductory Rate 0%
Balance Transfer APR (Variable APR) 15.99% - 25.99%
Introductory Rate 0%
Intro APR period 15

Bank of America Cash Rewards Credit Card Community Reviews

 

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Annual Fee $0 Annual Fee
Purchase APR 16.99% - 24.99%
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Balance Transfer APR 16.99% - 24.99%
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Alaska Airlines Visa Signature® Card
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Purchase APR 17.99% - 25.99%
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Spirit Airlines World Mastercard

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Purchase APR 16.99% - 24.99%
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Credit Score Range 700 - 850     300 850
Amtrak Guest Rewards® World Mastercard®
Annual Fee $79 Annual Fee
Purchase APR 16.99% - 24.99%
(Variable APR)
    0% 36% Variable APR
Balance Transfer APR 16.99% - 24.99%
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Credit Score Range 700 - 850     300 850
Air France KLM World Elite Mastercard®
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Purchase APR 16.99% - 24.99%
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Balance Transfer APR 16.99% - 24.99%
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Credit Score Range 700 - 850     300 850
Sonesta World Mastercard®

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Purchase APR 16.99% - 24.99%
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    0% 36% Fixed APR
Balance Transfer APR 16.99% - 24.99%
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Norwegian Cruise Line® World Mastercard®
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Purchase APR 16.99% - 24.99%
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    0% 36% Variable APR
Balance Transfer APR 16.99% - 24.99%
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Royal Caribbean® Visa Signature® Credit Card
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Balance Transfer APR 16.99% - 24.99%
(Variable APR)
    8% 29% Variable APR
Credit Score Range 660 - 850     300 850
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Purchase APR 16.99% - 24.99%
(Variable APR)
    0% 36% Variable APR
Balance Transfer APR 16.99% - 24.99%
(Variable APR)
    8% 29% Variable APR
Credit Score Range 700 - 850     300 850
Asiana Airlines Visa Signature® Credit Card
Annual Fee $99 Annual Fee
Purchase APR 16.99% - 24.99%
(Variable APR)
    0% 36% Variable APR
Balance Transfer APR 16.99% - 24.99%
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    8% 29% Variable APR
Credit Score Range 700 - 850     300 850
Celebrity Cruises® Visa Signature® Credit Card
Annual Fee $0 Annual Fee
Purchase APR 16.99% - 24.99%
(Variable APR)
    0% 36% Variable APR
Balance Transfer APR 16.99% - 24.99%
(Variable APR)
    8% 29% Variable APR
Credit Score Range 700 - 850     300 850
Allegiant World Mastercard®

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Annual Fee $59 Annual Fee
Purchase APR 16.99% - 24.99%
(Variable APR)
    0% 36% Variable APR
Balance Transfer APR 16.99% - 24.99%
(Variable APR)
    8% 29% Variable APR
Credit Score Range 640 - 850     300 850
BankAmericard Secured Credit Card

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Annual Fee $0 Annual Fee
Purchase APR 24.99% Variable APR
Balance Transfer APR 24.99% Variable APR
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