Bank Of America Cash Rewards

Bank Of America Cash Rewards

Card Overview 

The Bank Of America Cash Rewards Card lets you choose one 3% cashback category. The choices are gas, online shopping, dining, travel, drug stores, or home improvement/furnishings up to $2,500 spent each quarter.

Earning Rate

  • 3% on a choice of one of the following, gas, online shopping, dining, travel, drug stores, or home improvement/furnishings and 2% cashback on groceries (up to $2,500 spent each quarter combined the 3% category and grocery spend).
  • 1% everywhere else

Annual Fee


Application Tips

  • Good credit.
  • Bank Of America will only approve you for a max of two cards within 2 months, three cards within 12 months, and four cards within 24 months.
  • Bank Of America will usually pull your Experian credit report, sometimes Equifax.
  • If declined you can call 1-800-354-0401 to be reconsidered.

Card Details and Benefits 

  • $200 cash rewards bonus after making at least $1,000 in purchases in the first 90 days of your account opening
  • Introductory 0% APR for your first 12 billing cycles for purchases, and for any balance transfers.
  • Preferred Rewards members earn 25%-75% more cashback on every purchase.
  • Preferred Rewards customers get an additional 25%-75% rewards bonus on every purchase.
  • No Foreign Transaction Fees
  • Trip Cancellation and Trip Interruption Insurance
  • Baggage insurance
  • Auto Rental Collision Damage Waiver
  • Roadside Dispatch
  • Purchase Protection
  • Extended Warranty Protection

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