Overview of the Best Bank of America Credit Cards
Bank of America® is the third largest issuer of credit cards in the United States. They offer a range of credit cards that provide excellent value to consumers with varying needs. Amongst Bank of America’s offerings are cards that provide travel rewards, cash back rewards and low introductory rates. Consumers who have checking or savings accounts with Bank of America receive an additional 10% rewards bonus on every purchase made with a Bank of America rewards card. The rewards bonus increases to 25%-75% for Preferred Rewards clients that meet certain balance requirements. See More
| Best for | Category Winner | Annual Fee | First Year Rewards | |
|---|---|---|---|---|
 | Cash back | Bank of America® Customized Cash Rewards credit card | $0 | N/A |
 | Travel | Bank of America® Travel Rewards Visa® credit card | $0 | N/A |
 | Balance transfers | BankAmericard® credit card | $0 | N/A |
Best Bank of America Credit Card for Cash Back
Bank of America® Customized Cash Rewards credit card
Benefits
If you find yourself spending a lot of money on groceries and gas, then you might be interested in Bank of America® Customized Cash Rewards credit card. With this card you will earn 3% cash back in a category of your choice, 2% back at grocery stores and wholesale clubs, and 1% back on everything else. There is a maximum of $2,500 per quarter on choice category/grocery/wholesale club purchases combined.
When you sign up for Bank of America® Customized Cash Rewards credit card you receive a $200 online cash rewards bonus after spending $1,000 in the first 90 days. That’s a generous bonus for a card that doesn’t have an annual fee.
If you are an existing Bank of America customer, you have the chance to earn even more rewards. Plus, if you are a Bank of America Preferred Rewards member you can earn between a 25%-75% bonus.
Things to Consider
Are you planning a large purchase? If so, then you might like a little extra time to pay off the purchase interest-free. With this card you will receive 0% APR for the first 15 billing cycles. Just make sure you can pay off the balance before the introductory period is over because the APR will change to 13.99% - 23.99% Variable APR on purchases and balance transfers.
Verdict
If you find yourself spending more than $2,500 each quarter within the bonus categories then the value of this card will be reduced. If not, then this is a very solid cash back card for anyone’s wallet.
- Receive a $200 online cash rewards bonus after spending $1,000 in the first 90 days
- Earn 3% cash back in a category of your choice and 2% cash back at grocery stores and wholesale club (for the first $2,500 in combined purchases per quarter)
- Bank of America Preferred Rewards members earn up to 75% bonus on rewards earned
- No annual fee
- Cash back in specific categories limited to $2,500 each quarter
More Details
- $200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening
- Earn 3% cash back in the category of your choice, automatic 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases) and unlimited 1% on all other purchases
- 0% Introductory APR for 15 billing cycles for purchases and on balance transfers made in the first 60 days. After the intro APR offer ends, 13.99% - 23.99% Variable APR will apply. If you transfer a balance a 3% fee (min $10) applies
- If you're a Preferred Rewards member, you can earn 25% - 75% more points on every purchase
- No annual fee and no expiration date on points
- Contactless Cards - The security of a chip card, with the convenience of a tap
- This is an online only offer that may not be available if you leave the page or visit a Bank of America financial center
Annual Fee
$0Purchase Intro APR
0% Introductory APR on purchases for 15 billing cyclesBalance Transfer Intro APR
0% Intro APR for 15 billing cycles for balance transfers made in the first 60 daysRegular APR
13.99% - 23.99% Variable APR on purchases and balance transfersBenefits
If you find yourself spending a lot of money on groceries and gas, then you might be interested in Bank of America® Customized Cash Rewards credit card. With this card you will earn 3% cash back in a category of your choice, 2% back at grocery stores and wholesale clubs, and 1% back on everything else. There is a maximum of $2,500 per quarter on choice category/grocery/wholesale club purchases combined.
When you sign up for Bank of America® Customized Cash Rewards credit card you receive a $200 online cash rewards bonus after spending $1,000 in the first 90 days. That’s a generous bonus for a card that doesn’t have an annual fee.
If you are an existing Bank of America customer, you have the chance to earn even more rewards. Plus, if you are a Bank of America Preferred Rewards member you can earn between a 25%-75% bonus.
Things to Consider
Are you planning a large purchase? If so, then you might like a little extra time to pay off the purchase interest-free. With this card you will receive 0% APR for the first 15 billing cycles. Just make sure you can pay off the balance before the introductory period is over because the APR will change to 13.99% - 23.99% Variable APR on purchases and balance transfers.
Verdict
If you find yourself spending more than $2,500 each quarter within the bonus categories then the value of this card will be reduced. If not, then this is a very solid cash back card for anyone’s wallet.
Best Bank of America Credit Card for Travel
Bank of America® Travel Rewards Visa® credit card
Benefits
Finding a travel credit card with no annual fee is tough to do. But that’s exactly what Bank of America® Travel Rewards Visa® credit card offers. It also gives you the ability to earn 1.5x points on every purchase you make. As long as your account stays open, your points will never expire.
After being approved for Bank of America® Travel Rewards Visa® credit card, you’ll receive a 25,000-point bonus after spending $1,000 within the first 90 days. This is worth a $250 statement credit on any travel expense. Just book your travel plans like you normally would and then apply your points to cover the expense.
If you are a Bank of America customer, then you can earn even more rewards with your card. If you are a Bank of America Preferred Rewards member you can earn a bonus between 25%-75%.
Things to Consider
In addition to being able to earn travel rewards on each purchase, this card comes with an introductory 0% APR. You will receive 0% APR on purchases for the first 12 billing cycles. After that the APR will change to 14.99% - 22.99% Variable APR on purchases and balance transfers.
Verdict
Bank of America® Travel Rewards Visa® credit card is one of the better travel credit cards available. You will earn a flat 1.5x points on every purchase and your rewards can be redeemed for any travel expense.
- Earn 1.5x points on all purchases
- Bank of America Preferred Rewards members earn up to 75% more points
- No annual fee
- No foreign transaction fees
- No travel partners or point transfers
More Details
- Earn unlimited 1.5 points per $1 spent on all purchases, with no annual fee and no foreign transaction fees and your points don't expire
- 25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening - that can be a $250 statement credit toward travel purchases
- Use your card to book your trip how and where you want – you’re not limited to specific websites with blackout dates or restrictions
- Redeem points for a statement credit to pay for flights, hotels, vacation packages, cruises, rental cars, or baggage fees
- Comes with chip technology for enhanced security and protection at chip-enabled terminals
- 0% Introductory APR for 12 billing cycles for purchases. After the intro APR ends, 14.99% - 22.99% Variable APR will apply
- If you’re a Preferred Rewards member, you can earn 25% - 75% more points on every purchase
- Contactless Cards - The security of a chip card, with the convenience of a tap
Annual Fee
$0Purchase Intro APR
0% Introductory APR on purchases for 12 billing cyclesBalance Transfer Intro APR
N/ARegular APR
14.99% - 22.99% Variable APR on purchases and balance transfersBenefits
Finding a travel credit card with no annual fee is tough to do. But that’s exactly what Bank of America® Travel Rewards Visa® credit card offers. It also gives you the ability to earn 1.5x points on every purchase you make. As long as your account stays open, your points will never expire.
After being approved for Bank of America® Travel Rewards Visa® credit card, you’ll receive a 25,000-point bonus after spending $1,000 within the first 90 days. This is worth a $250 statement credit on any travel expense. Just book your travel plans like you normally would and then apply your points to cover the expense.
If you are a Bank of America customer, then you can earn even more rewards with your card. If you are a Bank of America Preferred Rewards member you can earn a bonus between 25%-75%.
Things to Consider
In addition to being able to earn travel rewards on each purchase, this card comes with an introductory 0% APR. You will receive 0% APR on purchases for the first 12 billing cycles. After that the APR will change to 14.99% - 22.99% Variable APR on purchases and balance transfers.
Verdict
Bank of America® Travel Rewards Visa® credit card is one of the better travel credit cards available. You will earn a flat 1.5x points on every purchase and your rewards can be redeemed for any travel expense.
Best Bank of America Credit Card for Balance Transfers
BankAmericard® credit card
Benefits
BankAmericard® credit card is a strong value option for consumers who currently carry debt on high interest credit cards.
While this card does not offer much of the glitz and glam that Bank of America rewards credit cards offer, it does have one very attractive benefit: a 0% APR for 15 billing cycles on balance transfers (transfers that are made within 60 days of opening an account). Once the introductory period is over, the APR will become 14.49% - 24.49% Variable APR on purchases and balance transfers. If you have been working hard to eliminate debt, this could be the perfect card to help you accomplish your goal.
Things to Consider
If you were hoping to grab a high sign-up bonus or start earning rewards on purchases, this isn’t the card for you. This is because once the promotional balance transfer period is over, BankAmericard® credit card doesn’t offer cardholders much more than a reasonable long term variable APR. On the bright side, it doesn’t have an annual fee so you can always keep the card open to increase your average length of credit which positively benefits your credit score.
Verdict
If you’re paying credit card interest on current debt and want to save money on interest, BankAmericard® credit card will help you out.
- Introductory 0% APR for 15 billing cycles on balance transfers made in the first 60 days.
- No annual fee
- No ability to earn rewards on purchases
More Details
- 0% Introductory APR for 15 billing cycles for purchases, and for any balance transfers made in the first 60 days, then, 14.49% - 24.49% Variable APR.
- No annual fee
- No penalty APR. Paying late won't automatically raise your interest rate (APR). Other account pricing and terms apply.
- Access your FICO® Score for free within Online Banking or your Mobile Banking app
Annual Fee
$0Purchase Intro APR
0% Introductory APR on purchases for 15 billing cyclesBalance Transfer Intro APR
0% Intro APR for 15 billing cycles on balance transfers made in the first 60 daysRegular APR
14.49% - 24.49% Variable APR on purchases and balance transfersBenefits
BankAmericard® credit card is a strong value option for consumers who currently carry debt on high interest credit cards.
While this card does not offer much of the glitz and glam that Bank of America rewards credit cards offer, it does have one very attractive benefit: a 0% APR for 15 billing cycles on balance transfers (transfers that are made within 60 days of opening an account). Once the introductory period is over, the APR will become 14.49% - 24.49% Variable APR on purchases and balance transfers. If you have been working hard to eliminate debt, this could be the perfect card to help you accomplish your goal.
Things to Consider
If you were hoping to grab a high sign-up bonus or start earning rewards on purchases, this isn’t the card for you. This is because once the promotional balance transfer period is over, BankAmericard® credit card doesn’t offer cardholders much more than a reasonable long term variable APR. On the bright side, it doesn’t have an annual fee so you can always keep the card open to increase your average length of credit which positively benefits your credit score.
Verdict
If you’re paying credit card interest on current debt and want to save money on interest, BankAmericard® credit card will help you out.
Methodology SmartAsset has developed a quantitative and independent system for evaluating the relative value of a credit card offer versus other offers in the marketplace. Our system evaluates cards based exclusively on their features, such as their rewards earning rate (if applicable), fees, perks, and rewards program redemption options. The annual rewards values on this page are calculated using annual spending assumptions in various categories such as, but not limited to, gas, restaurants, airfare, and US supermarkets. These spending assumptions are built on research that SmartAsset has conducted on existing secured credit cardholders. Our promise with our credit card recommendations is that we will always strive to have the most comprehensive, accurate, and objective method of evaluating credit card offers. Any recommendations are solely determined by the result of this research and model, and is never influenced by any fees, commissions, or other forms of compensation that SmartAsset may receive from credit card issuers for leads generated on our website.
