Bank of America Cash Rewards Credit Card
in Personal Credit Cards from Bank of America
Would you recommend Bank of America Cash Rewards Credit Card to your friends?
| Community Rating |
Rating not yet determined |
| 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 $10 back in cash. However, you can earn up to 3% for purchases in a bonus category.
| Rewards rate (all purchases) | 1% |
| Max rewards rate | 3% |
| Annual rewards limit | N/A |
| Signup Bonus ($) | $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.
| Description | |
|---|---|
| Balance Transfer APR | 15.99% - 25.99% |
| Introductory Rate | 0% |
| Intro APR period (months) | 15 |
| 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:
| 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.
Contact
- Headquarters
-
100 North Tryon Street
#170
Charlotte, NC 28255 - Visit Site
Other Services by Bank of America
Availability
- 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% |
Bank of America Cash Rewards Credit Card Community Reviews
Would you recommend Bank of America Cash Rewards Credit Card to your friends?
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