Credit Cards » Compare Credit Cards » Best Bank of America Credit Cards of 2024
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Best Bank of America Credit Cards of 2024

Bank of America credit cards cover a wide range of different needs. The Smart Investor experts review the best cards to consider
Author: Andrew O'Malley
Andrew O'Malley

Writer, Contributor

Experience

Andrew O’Malley has a BSc in Economics and Finance. He has worked in the finance industry as a risk analyst and is now pursuing a career in writing. In recent years, he has written for a number of leading publications. He studied Economics and Finance and has been fascinated with the financial markets since his teens.
Interest Rates Last Update: April 15, 2024
The banking product interest rates, including savings, CDs, and money market, are accurate as of this date.
Author: Andrew O'Malley
Andrew O'Malley

Writer, Contributor

Experience

Andrew O’Malley has a BSc in Economics and Finance. He has worked in the finance industry as a risk analyst and is now pursuing a career in writing. In recent years, he has written for a number of leading publications. He studied Economics and Finance and has been fascinated with the financial markets since his teens.
Interest Rates Last Update: April 15, 2024

The banking product interest rates, including savings, CDs, and money market, are accurate as of this date.

We earn a commission from our partner links on this page. It doesn't affect the integrity of our unbiased, independent editorial staff. Transparency is a core value for us, read our advertiser disclosure and how we make money.

Bank of America is the second biggest banking institution currently in the United States and is trusted by millions of Americans. It has retail locations all around the country, as well as about 17,000 ATMs and 66 million customers and clients. It is listed on the New York Stock Exchange and also has a client base across 35 different countries.

Card
Rewards
Bonus
Annual Fee

Bank of America® Customized Cash Rewards

Bank of America® Customized Cash Rewards credit card
1-3% 3% cash back in the category of your choice: gas, online shopping, dining, travel, drug stores, or home improvement/furnishings, 2% cash back at grocery stores and wholesale clubs and 1% cash back on all other purchases. The 3% and 2% cash back available on the first $2,500 in combined choice category/grocery store/wholesale club purchases each quarter (then 1%)
$200 $200 cash rewards bonus after making at least $1,000 in purchases in the first 90 days of your account opening
$0

Bank of America® travel rewards

Bank of America® Travel Rewards credit card
1.5X 1.5 points for every $1 you spend on all purchases everywhere, every time and no expiration on points
25,000 points 25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening – which can be redeemed for a $250 statement credit toward travel purchases
$0

BankAmericard®

BankAmericard® credit card
N/A
N/A N/A
$0

Bank of America® Premium Rewards®

Bank of America® Premium Rewards® credit card
1.5X – 2X Unlimited 2X points on travel and dining purchases. Unlimited 1.5X points on all other purchases
60,000 points 60,000 online bonus points for spending $4,000 on new purchases in the first 90 days of opening their card account.
$95

Bank of America® Unlimited Cash Rewards Credit Card

Bank of America Unlimited Cash Rewards credit card
1.5% unlimited 1.5% cash back on all purchases
$200 $200 online cash rewards bonus after making at least $1,000 in purchases in the first 90 days of your account opening
$95

Bank of America® Premium Rewards® Elite

Bank of America® Premium Rewards® Elite
1.5x – 2x 2 points for every dollar you spend on travel or dining purchases, with 1.5 points per dollar on all your other purchases
75,000 points 75,000 bonus points if you spend $5,000 or more within 90 days of opening your account
$550

Bank of America® Customized Cash Rewards credit card

Bank of America® Customized Cash Rewards

Bank of America® Customized Cash Rewards credit card

Reward details

1-3% 3% cash back in the category of your choice: gas, online shopping, dining, travel, drug stores, or home improvement/furnishings, 2% cash back at grocery stores and wholesale clubs and 1% cash back on all other purchases. The 3% and 2% cash back available on the first $2,500 in combined choice category/grocery store/wholesale club purchases each quarter (then 1%)

Current Offer

$200 $200 cash rewards bonus after making at least $1,000 in purchases in the first 90 days of your account opening

Credit Rating

Good – Excellent

Annual Fee

$0

0% Intro

15 billing cycles for purchases, and for any balance transfers made within the first 60 days of opening your account.

APR

18.24% – 28.24% Variable APR will apply. A 3% fee (min $0) applies to all balance transfers

If you are looking to have a bit more control over what categories in which you are going to be earning rewards, the Bank of America® Customized Cash Rewards could be for you. You are able to choose the category in which you get spending rewards. 

You will be able to earn 3% cash back in the category of your choice: gas, online shopping, dining, travel, drug stores, or home improvement/furnishings, 2% cash back at grocery stores and wholesale clubs and 1% cash back on all other purchases. The 3% and 2% cash back available on the first $2,500 in combined choice category/grocery store/wholesale club purchases each quarter (then 1%).

The signup offer allows you to get $200 cash rewards bonus after making at least $1,000 in purchases in the first 90 days of your account opening. Another great advantage of this card is that you do not have to pay an annual fee.

  • APR: 18.24% – 28.24% Variable APR will apply. A 3% fee (min $0) applies to all balance transfers
  • Annual fee: $0
  • Balance Transfer Fee: 3% or $10
  • Foreign Transaction Fee: 3%
  • Rewards Plan: 3% cash back in the category of your choice: gas, online shopping, dining, travel, drug stores, or home improvement/furnishings, 2% cash back at grocery stores and wholesale clubs and 1% cash back on all other purchases. The 3% and 2% cash back available on the first $2,500 in combined choice category/grocery store/wholesale club purchases each quarter (then 1%)
  • Sign Up bonus: $200 cash rewards bonus after making at least $1,000 in purchases in the first 90 days of your account opening
  • 0% APR Introductory Rate period: 15 billing cycles for purchases, and for any balance transfers made within the first 60 days of opening your account.
  • Sign-Up Bonus
  • 0% APR Intro 
  • No Annual Fee
  • Bash Back Rewards
  • Cap on Rewards
  • Balance Transfer Fee
  • Foreign Transaction Fee
  • Is there a limit to cash back rewards? There is a quarterly limit on the 3% and 2% cashback each quarter, equalling a combined total of $2,500 worth of purchases.
  • Can I get car rental insurance with Bank of America Cash Rewards Card? Yes, it offers rental insurance for cars if you pay for the full cost with this credit card and you decline the rental company’s insurance.
  • Does Bank of America ask for proof of income? No out and out income requirements and normally you will not have to provide proof of income.
  • Can I get pre-approvedYes, you can get pre-approved.
  • Should You Move to Bank of America Cash Rewards Credit Card? If you spend a lot on everyday purchases it can definitely be a good option.
  • Why did Bank of America Cash Rewards Card deny me?  Perhaps you did not meet all of the requirements. You can ask the customer service team what you need to do to get accepted or you can look at other card options.
  • How to maximize rewards on Bank? Make the most of the signup offer and max out the caps on quarterly purchases at the premium rates.
  • What are top reasons NOT to get the Bank of America Cash Rewards Card? If you spend a considerable amount on relevant purchases each month.
  • What is the initial credit limit of? It will usually be at least $500
  • What purchases don't earn cash back? All purchases are covered
BofA customized cash rewards
(Photo by Atstock Productions/Shutterstock)

Bank of America® Travel Rewards credit card

Bank of America® travel rewards

Bank of America® Travel Rewards credit card

Reward details

1.5X 1.5 points for every $1 you spend on all purchases everywhere, every time and no expiration on points

Current Offer

25,000 points 25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening – which can be redeemed for a $250 statement credit toward travel purchases

Credit Rating

Good – Excellent

Annual Fee

$0

0% Intro

15 billing cycles on purchases and balance transfers

APR

18.24% – 28.24% Variable APR will apply.

The Bank of America® Travel Rewards credit card is a good option for frequent travelers, especially if you're an existing customer of Bank of America. It offers a $0 annual fee while customers can use when they travel to earn points and gain rewards. To gain access to this card, you will need a solid credit score of between 680 to 850.

The Bank of America® Travel Rewards offers a agin up bonus of 25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening – which can be redeemed for a $250 statement credit toward travel purchases, and you can use for purchases and other travel expenses. You're also not limited when you want to make travel arrangements as the card grants you flexibility. 

  • APR: 18.24% – 28.24% Variable APR will apply.
  • Annual fee: $0
  • Balance Transfer Fee: 3% or $10 (the greater)
  • Foreign Transaction Fee: $0
  • Rewards Plan: 1.5 points for every $1 you spend on all purchases everywhere, every time and no expiration on points
  • Sign Up bonus: 25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening – which can be redeemed for a $250 statement credit toward travel purchases
  • 0% APR Introductory Rate period: 15 billing cycles on purchases and balance transfers
  • Point Sign-Up Bonus
  • Point Rewards
  • No Annual Fee
  • No Foreign Transaction Fee
  • Preferred Rewards, No Expiration
  • Minimum Redemption
  • There are Better Rewards Cards
  • Good – Excellent Credit Needed
  • Limited Travel Protections
  • Is there a limit to rewards/cash back on the Bank of America Travel Rewards Card? There is no cap.
  • Can I get car rental insurance with Bank of America Travel Rewards Card? how? Yes it offers rental insurance for cars if you pay for the full cost with this credit card and you decline the rental company’s insurance.
  • Does Bank of America ask for proof of income? No out and out income requirement and you do not always have to provide proof of income.
  • Does the card offer pre approval? Yes, pre-approval is an option
  • What is the initial credit limit ? The smallest credit limit for this card iwll usually be $500.
  • How do I redeem cash back ? You are able to redeem these points as statement credit to pay for the likes of travel and dining purchases or you can redeem as cash or in the form of gift cards.
  • Should You Move to Bank of America Travel Rewards CardIf you travel frequently and will use the rewards on travel-related purchases.
  • The bank denied my request, What's now?? Perhaps you did not meet all of the requirements. You can ask the customer service team what you need to do to get accepted or you can look at other card options.
  • How to maximize rewards? Redeem the points for travel-related or dining purchases, maximize the signup offer, and use in conjunction with another card.
  • When you shouldn't get the Bank of America Travel Rewards Card? If you do not travel a lot.
BoFa card available points to redeem
(Screenshot from Bank Of America app)

Bank of America® Premium Rewards® Elite

Bank of America® Premium Rewards® Elite

Bank of America® Premium Rewards® Elite

Reward details

1.5x – 2x 2 points for every dollar you spend on travel or dining purchases, with 1.5 points per dollar on all your other purchases

Current Offer

75,000 points 75,000 bonus points if you spend $5,000 or more within 90 days of opening your account

Credit Rating

Good – Excellent

Annual Fee

$550

0% Intro

N/A

APR

20.24% – 27.24%

The Bank of America® Premium Rewards® Elite credit card targets existing Bank of America customers seeking an upscale travel credit card, offering competitive rewards for those at the highest tiers of the Preferred Rewards program. The card earns 2 points for every dollar you spend on travel or dining purchases, with 1.5 points per dollar on all your other purchases. Preferred Rewards members can boost rewards by 25% to 75%.

Travel benefits include a $300 annual airline incidental fee credit, Priority Pass lounge access, and a 20% discount on airfare redemption through Bank of America's Travel Center. Additional perks encompass a $100 TSA PreCheck/Global Entry credit, a $150 annual lifestyle credit, and various Visa Infinite benefits.

Despite its competitive perks, the annual fee is highm rewards ratio is average and it lacks travel transfer partners, limiting redemptions to Bank of America's travel portal.

  • APR: 20.24% – 27.24%
  • Annual fee: $550
  • Balance Transfer Fee: 3%
  • Foreign Transaction Fee: $0
  • Rewards Plan: 2 points for every dollar you spend on travel or dining purchases, with 1.5 points per dollar on all your other purchases
  • Sign Up bonus: 75,000 bonus points if you spend $5,000 or more within 90 days of opening your account
  • 0% APR Introductory Rate period: N/A
  • High Rewards for Preferred
  • Rewards Members
  • Airline Benefits
  • Statement Credits
  • Visa Infinite Benefits
  • High Annual Fee
  • Similar Rewards Structure to Lower-Fee Version
  • Restricted Travel Portal
  • Competitive Alternatives

Can points be redeemed for cash back?

Yes, points can be redeemed for cash via direct deposit to Bank of America accounts, credit redemptions to Merrill accounts, or as statement credits.

Does the card provide airport lounge access?

Yes, enrolled cardholders receive a 12-month Priority Pass Select membership for access to airport VIP lounges worldwide.

What is the redemption value of points for travel?

Points are worth 1 cent each when redeemed for travel, but a 20% discount is applied when booking airfare through the Bank of America Travel Center.

How does the card compare to the Bank of America® Premium Rewards® credit card?

The Elite card shares a similar rewards structure but comes with additional benefits and a higher annual fee compared to the Premium Rewards credit card.

What are the Visa Infinite benefits offered with the card?

Visa Infinite benefits include trip delay insurance, trip cancellation coverage, lost luggage reimbursement, primary auto rental coverage, and access to Visa's concierge service.

Is there a limit to the number of points that can be earned?

No, there is no specified limit on the number of points that can be earned, providing cardholders with unlimited earning potential.

BankAmericard® credit card

BankAmericard®

BankAmericard® credit card

Reward details

N/A

Current Offer

N/A N/A

Credit Rating

Good – Excellent

Annual Fee

$0

0% Intro

21 billing cycles on purchases and balance transfers made within the first 60 days

APR

16.24% – 26.24% Variable APR.

If you are looking for something simple, this is the base type of credit card that you will find with Bank of America. It will mainly be suited to those people who want to avoid interest where at all possible. The intro APR of 0% will be in place for 21 billing cycles on purchases and balance transfers made within the first 60 days after getting this card (16.24% – 26.24% Variable APR. after that).

There are no rewards with this card. Currently, there is a 3% foreign exchange fee, as well as a balance transfer fee of the greater of 3% or $10, whichever is greater.

  • APR: 16.24% – 26.24% Variable APR.
  • Annual fee: $0
  • Balance Transfer Fee: 3% or $10, whichever is greater
  • Foreign Transaction Fee: 3%
  • Rewards Plan: N/A
  • Sign Up bonus: N/A
  • 0% APR Introductory Rate period: 21 billing cycles on purchases and balance transfers made within the first 60 days
     
  • 0% intro APR
  • No Annual Fee
  • No Penalty APR
  • No sign-up bonus & rewards
  • Foreign transaction fee
  • Balance transfer fee
BoFa card make balance transfer
Leverage BofA 0% Intro APR by balance transfer (Screenshot from Bank Of America app)

Bank of America® Premium Rewards® credit card

Bank of America® Premium Rewards®

Bank of America® Premium Rewards® credit card

Reward details

1.5X – 2X Unlimited 2X points on travel and dining purchases. Unlimited 1.5X points on all other purchases

Current Offer

60,000 points 60,000 online bonus points for spending $4,000 on new purchases in the first 90 days of opening their card account.

Credit Rating

Good – Excellent

Annual Fee

$95

0% Intro

N/A

APR

20.24% – 27.24% variable

While the Bank of America® Premium Rewards® credit card charges an annual fee of $95, it offers better rewards compared to the other cards, and can be a good fir if you tend to spend at least $3,000 on your card every month.

The card offers Unlimited 2X points on travel and dining purchases. Unlimited 1.5X points on all other purchases. You'll also earn a sign up bonus of 60,000 online bonus points for spending $4,000 on new purchases in the first 90 days of opening their card account..

  • APR: 18.24% – 28.24% variable APR on purchases and balance transfers
  • Annual fee: $95
  • Balance Transfer Fee: 3% or $10 (the greater)
  • Foreign Transaction Fee: 3%
  • Rewards Plan: unlimited 1.5% cash back on all purchases
  • Sign Up bonus: $200 online cash rewards bonus after making at least $1,000 in purchases in the first 90 days of your account opening
  • 0% APR Introductory Rate period: 18 billing cycles for purchases, 60 days on balance transfers
     
  • 0% intro APR
  • No Foreign transaction fee
  • Rewards & Sign up Bonus
  • There are better rewards cards
  • Balance transfer fee
  • Annual fee

Is the Bank of America® Premium Rewards® card right for me?

The card is ideal for financially established Bank of America or Merrill account holders seeking modest rewards and enhanced benefits.

How can I redeem points with the Premium Rewards card?

Points can be redeemed for travel, cash back, gift cards, or deposited into eligible Bank of America or Merrill accounts.

How do I qualify for Preferred Rewards rates on the Premium Rewards card?

Preferred Rewards rates require minimum three-month average balances of $20,000 (Gold), $50,000 (Platinum), or $100,000 (Platinum Honors) in Bank of America accounts.

How much are Premium Rewards points worth?

Points have a fixed value of 1.0 cents each, regardless of the redemption method.

What travel insurance does the Premium Rewards card provide?

The card offers trip delay, trip cancellation, baggage delay, and lost baggage coverage, among other benefits.

Is the Premium Rewards card suitable for everyday spending?

It can be, especially for Preferred Rewards members, but there are higher-earning options at the same price point.

Bank of America Unlimited Cash Rewards credit card

Bank of America® Unlimited Cash Rewards Credit Card

Bank of America Unlimited Cash Rewards credit card

Reward details

1.5% unlimited 1.5% cash back on all purchases

Current Offer

$200 $200 online cash rewards bonus after making at least $1,000 in purchases in the first 90 days of your account opening

Credit Rating

Good – Excellent

Annual Fee

$0

0% Intro

18 billing cycles for purchases, 60 days on balance transfers

APR

18.24% – 28.24% variable APR on purchases and balance transfers

While the Bank of America® Premium Rewards® credit card charges an annual fee of $95, it offers better rewards compared to the other cards, and can be a good fir if you tend to spend at least $3,000 on your card every month.

The card offers unlimited 1.5% cash back on all purchases. You'll also earn a sign up bonus of $200 online cash rewards bonus after making at least $1,000 in purchases in the first 90 days of your account opening.

The cash rewards can be redeemed as a statement credit, deposit into a Bank of America checking or savings account, or as a credit towards eligible Merrill Lynch or Merrill Edge investment accounts.

  • APR: 18.24% – 28.24% variable APR on purchases and balance transfers
  • Annual fee: $95
  • Balance Transfer Fee: 3% or $10 (the greater)
  • Foreign Transaction Fee: 3%
  • Rewards Plan: unlimited 1.5% cash back on all purchases
  • Sign Up bonus: $200 online cash rewards bonus after making at least $1,000 in purchases in the first 90 days of your account opening
  • 0% APR Introductory Rate period: 18 billing cycles for purchases, 60 days on balance transfers
     
  • 0% intro APR
  • No Foreign transaction fee
  • Rewards & Sign up Bonus
  • There are better rewards cards
  • Balance transfer fee
  • Annual fee

Pros & Cons Of Bank Of America Credit Cards

Pros
Cons
Wide Range of Options
Less Competitive Premium Cards
Bonus categories and flexibility
Limited Travel Partners
Introductory APR offers
Balance Transfer Fees
Potential for increased rewards through Preferred Rewards
Reward redemption limitations

Bank of America offers a wide range of cards, from travel rewards to cash back to student cards, catering to various spending patterns and lifestyles.

Certain cards, like the Bank of America® Customized Cash Rewards, let you choose cash back in a category of your choice each month, providing targeted rewards based on your needs

Many cards come with introductory 0% APR periods for balance transfers or purchases, allowing you to pay off debt or finance larger expenses interest-free.

Qualifying BofA accounts can unlock increased rewards and benefits on certain cards, further boosting their value.

Compared to luxury card such as the Chase Reserve or Amex Platinum cards, BofA offer less attractive rewards and perks.

While some Bank of America cards offer travel rewards, the number of airline and hotel partners may be more limited compared to other travel-focused credit card providers.

Even with promotional balance transfer offers, some Bank of America credit cards may charge fees for transferring balances from other cards.

Redemption optins are limited compared to top issuers such as Amex or Chase. Also, some cards have restrictions on how you can redeem your rewards, potentially limiting their value for specific needs.

Bank Reputation & Customer Satisfaction

Bank of America ranks in 3rd place,  got 812 out of 1000 available points on J.D. Power 2020 credit card satisfaction survey. J.D Power offers the most comprehensive and independent study of customer satisfaction of card issuers . The study aims to help consumers and issuers to understand user opinions and ratings of the largest bands. It covers terms, benefits, services, communication, rewards and more.

A Visual Guide to Bank of America Credit Cards Features

We took a closer look at the Bank of America credit card features and how to manage them via app to gauge their functionality for regular users. 

The summary section became our go-to for an overview of our credit card activity. Total rewards, promotional offers, spending insights, and budget tracking were neatly presented, allowing us to stay on top of our financial game.

BoFa credit card summary
BoFa credit card overview on app (Screenshot from BofA app)

The flexibility in payment options was a standout feature. We could easily set up recurring payments, specifying the account to debit, the amount, frequency, and due date.

BoFa card payment options
(Screenshot from BofA app)

Within the app, the “Deals” section surprised us with its diversity and the various cash back deals. From travel discounts to shopping perks, the array of available deals catered to various interests.

BoFa card deals
BoFa deals (Screenshot from BofA app)

The app seamlessly integrated with various digital wallets, allowing us to monitor transactions and stay within our credit limits effortlessly.

BoFa card digital wallet and credit limit
BoFa card digital wallet and credit limit (Screenshot from Bank Of America)

What Credit Score Will I Need To Get approved?

When it comes to credit cards, you will need to meet certain qualifying requirements beforehand in order to be issued a card. For people who do not have much of a credit score or they have a poor or limited score, it can be a struggle to get anything more than the most basic of cards.

Those consumers who have built up an average credit score will have a bit more of a choice, while those who have very good credit scores will be able to get their hands on almost any type of credit score. When it comes to the top Bank of America cards, you will generally need to have at least a good credit score in order to get in on these great cards.

Bank of America Cash Back Cards: Is It Worth It?

The cash back offers through the Bank of America cards will vary depending on which specific one you are looking for. However, one of the standout features that you will come across with many of the Bank of America cards is that you will often be given a choice of what category of spending you want to get the highest cash back rate for.

Taking the Bank of America Cash Rewards credit card as an example, you will be able to get 3% cash back in the category of your choice: gas, online shopping, dining, travel, drug stores, or home improvement/furnishings, 2% cash back at grocery stores and wholesale clubs and 1% cash back on all other purchases. The 3% and 2% cash back available on the first $2,500 in combined choice category/grocery store/wholesale club purchases each quarter (then 1%).

Some of the Bank of America cards will carry caps on how much cash back you can earn at the high rate during a certain period of time. For example, you might be able to earn 3% cash back on a certain category until you spend a certain amount in a quarter, with the rate then dropping to 1% for the remainder of the period. The process by which cash back offers at Bank of America works is not too different from the other major credit card issuers.

Bank of America Redemption Options 

When you use certain Bank of America credit cards, you will earn points rewards from your purchases. For example, the Bank of America® Premium Rewards® credit card will give you Unlimited 2X points on travel and dining purchases. Unlimited 1.5X points on all other purchases. For this card, the signup offer also gives you 60,000 online bonus points for spending $4,000 on new purchases in the first 90 days of opening their card account..

You can view the number of points you have by logging into your Bank of America account. These points will be redeemable for different types of rewards. The basic option will be to redeem the points for cash, with the exchange value usually being $0.01-$0.06 per point.

However, you will normally get better value if you are using the points to get other types of rewards. This includes redeeming them for different forms of travel expenses and gift cards. Whatever the case may be, this points program is a great reward for your loyalty to Bank of America.

You will have three different redemption options when it comes to Bank of America credit cards. There is the statement credit whereby you will be the credit applied to whatever your current balance may be.

Another option is the direct deposit to your Bank of America savings or checking account, or else at a Merrill account that is eligible. The final option will be getting a personal check. This can take about two weeks through the email to get to your home. In order to be able to redeem the rewards, you will have to have at least $25 in redeemable value.

BoFa card redeem points for a purchase
Customers can redeem points for purchases they made (Screenshot from Bank Of America app)

Bank of America Rewards Program: How It Works?

The main rewards program in place is the Bank of America Preferred Rewards program. The aim of this scheme is for customers to have all of their banking needs looked after by Bank of America. In exchange for this loyalty, there are various rewards you will be able to get access to.

To qualify for a Preferred Rewards account, you need to have an eligible personal checking account at Bank of America, as well as a three-month average combined balance of at least $20,000 across qualifying Bank of America deposit accounts, as well as Merrill investment accounts. There will be different tier levels to this program depending on your total assets. You will be able to hold onto your tier level for 12 months.

There are many different rewards on offer, with the benefits improving with each higher tier you reach. Here are the main benefits:

  • Savings interest rate boost
  • Credit card rewards bonus
  • Auto loan interest rate discount
  • Mortgage origination fee reduction
  • Discount on home equity interest
  • No-fee banking
  • Free transactions at non-Bank of America ATMs
  • Fee discount on Merrill Guided Investing

Therefore, there are plenty of great benefits attached to this program. If you think that you might meet the criteria, make sure that you get involved today as there are many useful rewards waiting for you.

Top Offers

Amex gold

Rewards Plan:
1X – 4X 4X points at restaurants (including Uber Eats purchases in the U.S.) and U.S. supermarkets (up to $25,000 per year in purchases, then 1X points), 3X points on flights booked directly with airlines or on amextravel.com, 2X points on rental cars through amextravel.com and 1X points on all other purchases
Welcome Bonus:
60,000 points 60,000 Membership Rewards® Points after you spend $6,000 on eligible purchases with your new Card within the first 6 months of Card Membership

upgrade cash rewards

Rewards Plan:
1.5% 1.5% cash back on payments
Welcome Bonus:
$200 Earn a $200 bonus after you open & fund a Rewards Checking Plus account & make 3 debit card transactions within 60 days. If you previously opened a checking account through Upgrade or do not do so as part of this process, you are not eligible. Payout made within 60 days of meeting the conditions.

AMEX Blue Cash Preferred Card review

Rewards Plan:
1-6% 6% cash back at U.S. supermarkets (up to $6,000 per year in purchases, then 1%) and selected U.S. streaming subscriptions, 3% cash back on transit and U.S. gas stations, 1% cash back on other purchases
Welcome Bonus:
$250 $250 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months
Advertiser Disclosure
The product offers that appear on this site are from companies from which this website receives compensation.
Top Offers

Amex gold

Rewards Plan:
1X – 4X 4X points at restaurants (including Uber Eats purchases in the U.S.) and U.S. supermarkets (up to $25,000 per year in purchases, then 1X points), 3X points on flights booked directly with airlines or on amextravel.com, 2X points on rental cars through amextravel.com and 1X points on all other purchases
Welcome Bonus:
60,000 points 60,000 Membership Rewards® Points after you spend $6,000 on eligible purchases with your new Card within the first 6 months of Card Membership

upgrade cash rewards

Rewards Plan:
1.5% 1.5% cash back on payments
Welcome Bonus:
$200 Earn a $200 bonus after you open & fund a Rewards Checking Plus account & make 3 debit card transactions within 60 days. If you previously opened a checking account through Upgrade or do not do so as part of this process, you are not eligible. Payout made within 60 days of meeting the conditions.

AMEX Blue Cash Preferred Card review

Rewards Plan:
1-6% 6% cash back at U.S. supermarkets (up to $6,000 per year in purchases, then 1%) and selected U.S. streaming subscriptions, 3% cash back on transit and U.S. gas stations, 1% cash back on other purchases
Welcome Bonus:
$250 $250 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months
Advertiser Disclosure
The product offers that appear on this site are from companies from which this website receives compensation.
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Amex gold

Rewards Plan:
1X – 4X 4X points at restaurants (including Uber Eats purchases in the U.S.) and U.S. supermarkets (up to $25,000 per year in purchases, then 1X points), 3X points on flights booked directly with airlines or on amextravel.com, 2X points on rental cars through amextravel.com and 1X points on all other purchases
Welcome Bonus:
60,000 points 60,000 Membership Rewards® Points after you spend $6,000 on eligible purchases with your new Card within the first 6 months of Card Membership

upgrade cash rewards

Rewards Plan:
1.5% 1.5% cash back on payments
Welcome Bonus:
$200 Earn a $200 bonus after you open & fund a Rewards Checking Plus account & make 3 debit card transactions within 60 days. If you previously opened a checking account through Upgrade or do not do so as part of this process, you are not eligible. Payout made within 60 days of meeting the conditions.

AMEX Blue Cash Preferred Card review

Rewards Plan:
1-6% 6% cash back at U.S. supermarkets (up to $6,000 per year in purchases, then 1%) and selected U.S. streaming subscriptions, 3% cash back on transit and U.S. gas stations, 1% cash back on other purchases
Welcome Bonus:
$250 $250 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months
Advertiser Disclosure
The product offers that appear on this site are from companies from which this website receives compensation.

How to Maximize Bank of America Rewards?

If you currently have a Bank of America credit card or you are looking at getting one and you want to know what the best approach will be for maximizing your rewards here are some tips to keep in mind. The approach you take will vary depending on which credit card from Bank of America you are looking at.

First and foremost, you should be fully aware of all of the rewards that are on offer, as well as any caps that you need to keep in mind. Your spending will often get different levels of cash back depending on what category your purchases are a part of. Therefore, you should focus on spending your money on where it counts the most.

For example, if you purchase food in a gas station, this will go under the gas purchase category, rather than a grocery purchase. Therefore, if you can make sure that you maximize your rewards by buying the right items in the most beneficial categories for you.

You will also want to max out all of the bonus spending caps that are in place, once you do not overspend. Some credit cards will have a $2,500 quarterly cap on the rewards you get at a higher rate of 3%. By maxing out this cap, you will be able to get $300 of rewards every year and make the most of the enhanced cash back offers.

Another very important point is making sure that you have signed up for the Bank of America Preferred Rewards. This is not something that you are going to be enrolled in automatically.

Once you have a three-month average balance across the eligible Bank of America and Merrill account, you will qualify. There are three different tiers to this program that will depend on your total average balance. The higher the tier level you are, the greater rate at which you will earn rewards.

Overall, there is not going to be any quick and simple way for you to earn fast money through the Bank of America rewards programs. You will be rewarded for your loyalty over a longer period of time and committing to Bank of America for your various banking needs.

What Are the Other Benefits of Having a Bank of America Card?

As well as all of the different rewards programs that are associated with using Bank of America credit cards, there are some other side benefits that are always good to consider.

There are certain places whereby you will get free admission when you showcase your Bank of America credit card and photo ID. This covers many participating museums across the United States.

There are also plenty of great signup offers when you get a certain Bank of America credit card. While the occasional type of card does not have a welcome offer, most of them will give the likes of extra rewards points when you spend a certain amount in the first 90 days of your account.

Cardholders can use the Bofa app to track their credit score and get suggestions on how to improve their score. 

BoFa card see credit score
Check your score on BofA app (Screenshot from Bank Of America)

All of the credit cards available from Bank of America will allow you to get an auto rental collision damage waiver. This means that you will get reimbursed for any damage that comes via theft or a collision. It will be in excess of your own insurance coverage and will be supplemental. 

There is also a roadside emergency assistance program on offer. However, check the terms and conditions before to make sure you're fully covered.

If you are someone who does plenty of travel, there are some travel-related benefits with Bank of America credit cards. You can get reimbursement up to $500 per ticket you have bought if a trip is delayed.

You can also get $5,000 worth of trip cancellation coverage per person. Other travel benefits include baggage delay coverage, common carrier travel accident cover, and emergency evacuation in transport coverage.

Certain eligible customers who have Bank of America credit cards will be able to check for free their FICO credit. Finally, the great advantage of using credit cards is the extra security that you get. Through the Bank of America purchase security feature, you will be reimbursed for a replacement for any eligible item that was damaged or stolen within 90 days of buying it.

The total coverage is $10,000 for a claim. You can also often get your warranty for eligible items doubled, as well as a return protection benefit if the retailer won’t accept your return within 90 days of buying it.

How many Bank of America Credit Cards Can I Have at One Time?

Currently, there is not going to be any limit on the number of Bank of America credit cards that you can have. However, you will have to showcase that you will be able to sufficiently handle each of these cards. This includes making sure that you always meet the payments on time, as well as having a strong credit history.

However, having a lot of credit cards is not necessarily going to be a good thing. Each of the applications you send for a credit card will lead to a hard credit history inquiry, which can decrease your credit score. Therefore, you need to weigh up the pros and cons before making a final decision.

How Do I Cancel a Bank of America Credit Card?

If for some reason you are looking to cancel a Bank of America credit card, there are a few different ways in which you can do so. You might have gotten a different type of card and no longer need a particular one, had a card stolen, or you simply prefer not to have a credit card at all.

The main way in which you are able to cancel the card will be by ringing Bank of America over the phone. Before you make this telephone call, be prepared with any relevant information about the card and your Bank of America account that might be needed. The customer support person will often ask your reasons for canceling the card. Therefore, having your reason in mind will also be useful.

You can also close your Bank of America credit card when you go to a branch in-person, as well as being able to send a written request via mail. In some cases, your credit score might be hurt when you cancel a credit card, so make sure that you are aware of any potential drawbacks of doing so before pulling the trigger.

Top Offers

amex platinum

Rewards Plan:
1X – 5X 5X points on up to $500,000 spent on directly-booked airfare and flights and prepaid hotels booked through American Express Travel (per calendar year), 2X points on prepaid car rentals through American Express Travel and 1X points on all other purchases
Welcome Bonus:
80,000 points 80,000 Membership Rewards® points after you spend $8,000 on purchases on your new Card in your first 6 months of Card Membership

amex brilliant

Rewards Plan:
2X – 6X 6 Marriott Bonvoy points for each dollar of eligible purchases at hotels participating in the Marriott Bonvoy™ program, 3 points at Worldwide restaurants and on flights booked directly with airlines and 2 points on all other eligible purchases
Welcome Bonus:
95,000 points 95,000 Marriott Bonvoy bonus points after you use your new Card to make $6,000 in purchases within the first 6 months of Card Membership

Amex Delta SkyMiles Platinum card

Rewards Plan:
1X – 3X 3X Miles on Delta purchases and purchases made directly with hotels, 2X Miles at restaurants worldwide including takeout and delivery in the U.S., and at U.S. supermarkets and 1X Miles on all other eligible purchases
Welcome Bonus:
50,000 miles 50,000 bonus miles after you spend $3,000 in your first six months
Advertiser Disclosure
The product offers that appear on this site are from companies from which this website receives compensation.
Top Offers

amex platinum

Rewards Plan:
1X – 5X 5X points on up to $500,000 spent on directly-booked airfare and flights and prepaid hotels booked through American Express Travel (per calendar year), 2X points on prepaid car rentals through American Express Travel and 1X points on all other purchases
Welcome Bonus:
80,000 points 80,000 Membership Rewards® points after you spend $8,000 on purchases on your new Card in your first 6 months of Card Membership

amex brilliant

Rewards Plan:
2X – 6X 6 Marriott Bonvoy points for each dollar of eligible purchases at hotels participating in the Marriott Bonvoy™ program, 3 points at Worldwide restaurants and on flights booked directly with airlines and 2 points on all other eligible purchases
Welcome Bonus:
95,000 points 95,000 Marriott Bonvoy bonus points after you use your new Card to make $6,000 in purchases within the first 6 months of Card Membership

Amex Delta SkyMiles Platinum card

Rewards Plan:
1X – 3X 3X Miles on Delta purchases and purchases made directly with hotels, 2X Miles at restaurants worldwide including takeout and delivery in the U.S., and at U.S. supermarkets and 1X Miles on all other eligible purchases
Welcome Bonus:
50,000 miles 50,000 bonus miles after you spend $3,000 in your first six months
Advertiser Disclosure
The product offers that appear on this site are from companies from which this website receives compensation.
Top Offers From Our Partners

amex platinum

Rewards Plan:
1X – 5X 5X points on up to $500,000 spent on directly-booked airfare and flights and prepaid hotels booked through American Express Travel (per calendar year), 2X points on prepaid car rentals through American Express Travel and 1X points on all other purchases
Welcome Bonus:
80,000 points 80,000 Membership Rewards® points after you spend $8,000 on purchases on your new Card in your first 6 months of Card Membership

amex brilliant

Rewards Plan:
2X – 6X 6 Marriott Bonvoy points for each dollar of eligible purchases at hotels participating in the Marriott Bonvoy™ program, 3 points at Worldwide restaurants and on flights booked directly with airlines and 2 points on all other eligible purchases
Welcome Bonus:
95,000 points 95,000 Marriott Bonvoy bonus points after you use your new Card to make $6,000 in purchases within the first 6 months of Card Membership

Amex Delta SkyMiles Platinum card

Rewards Plan:
Up to 3x miles 3 miles per $1 spent on United purchases immediately after earning your $125 annual United purchase credit, 2 miles on all other travel and select streaming services, 1 mile on all other purchases
Welcome Bonus:
60,000 miles 60,000 bonus miles + 500 Premier qualifying points (PQP) after you spend $4,000 on purchases in the first 3 months your account is open.
Advertiser Disclosure
The product offers that appear on this site are from companies from which this website receives compensation.

How We Picked The Best BofA Credit Cards: Methodology

To select the best Bank Of America credit cards, our team thoroughly researched various offerings from Bank Of America, analyzing their features and benefits across two key categories:

  • Rewards Program (50%): We evaluate the rewards structure, including the type of rewards offered (points, cash back, or miles), earning rates per dollar spent, bonus categories for accelerated rewards, and flexibility in redemption options. Bank Of America cards with generous rewards rates, diverse redemption choices, and valuable sign-up bonuses receive higher scores in this category.

  • Card Features & Benefits (50%): This category assesses additional features that enhance the overall value of the card, such as introductory APR offers, absence of foreign transaction fees, complimentary airport lounge access, travel credits, purchase protection, and extended warranty coverage. Bank Of America cards offering a wide range of benefits without excessive fees earn higher scores.

This comprehensive evaluation ensures that the best Bank Of America credit cards offer valuable rewards, benefits, and a seamless user experience while maintaining a positive reputation, catering to the preferences of cardholders seeking Bank Of America products.

Picture of Andrew O'Malley

Andrew O'Malley

Andrew O’Malley has a BSc in Economics and Finance. He has worked in the finance industry as a risk analyst and is now pursuing a career in writing. In recent years, he has written for a number of leading publications. He studied Economics and Finance and has been fascinated with the financial markets since his teens.
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Top Offers

Amex gold

Rewards Plan:
1X – 4X 4X points at restaurants (including Uber Eats purchases in the U.S.) and U.S. supermarkets (up to $25,000 per year in purchases, then 1X points), 3X points on flights booked directly with airlines or on amextravel.com, 2X points on rental cars through amextravel.com and 1X points on all other purchases
Welcome Bonus:
60,000 points 60,000 Membership Rewards® Points after you spend $6,000 on eligible purchases with your new Card within the first 6 months of Card Membership

upgrade cash rewards

Rewards Plan:
1.5% 1.5% cash back on payments
Welcome Bonus:
$200 Earn a $200 bonus after you open & fund a Rewards Checking Plus account & make 3 debit card transactions within 60 days. If you previously opened a checking account through Upgrade or do not do so as part of this process, you are not eligible. Payout made within 60 days of meeting the conditions.

AMEX Blue Cash Preferred Card review

Rewards Plan:
1-6% 6% cash back at U.S. supermarkets (up to $6,000 per year in purchases, then 1%) and selected U.S. streaming subscriptions, 3% cash back on transit and U.S. gas stations, 1% cash back on other purchases
Welcome Bonus:
$250 $250 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months