BankAmericard Cash Rewards Credit Card Review Credit Card 5 2016-05-25 14:38:38

BankAmericard Cash Rewards Credit Card Review

Apply for a BankAmericard Cash Rewards Credit Card
Rating:
Bottom Line:
Combines great cash back rewards with an Introductory APR offer; $100 online-exclusive bonus offer

Full Review:
The BankAmericard Cash Rewards Credit Card is a great cash back card that also lets cardholders save money with a 0% Introductory APR on purchases for 12 billing cycles and for any balance transfers made in the first 60 days, then, 13.24% - 23.24% Variable APR on purchases and 13.24% - 23.24% Variable APR on balance transfers. The cash back rewards are generous, with 3% cash back on gas and 2% cash back at grocery stores for up to $1,500 in combined gas and grocery store purchases each quarter, as well as 1% cash back on all other purchases. This card will particularly appeal to Bank of America customers, as it offers them an ongoing 10% cash reward bonus when they redeem their cash back rewards directly into their Bank of America® checking or savings account. And if you're a Gold, Platinum or Platinum Honors Bank of America® customer, you'll receive even more of a bonus, ranging from 25% to 75%. Plus, cardholders will earn a $100 online-exclusive bonus after making at least $500 in purchases within the first 90 days of card ownership (you must apply for this card online to receive the bonus).

Highlights
  • No annual fee
  • $100 online cash rewards bonus after you spend at least $500 on purchases in the first 90 days of account opening
  • Earn 1% cash back on every purchase, 2% at grocery stores and 3% on gas up to the first $1,500 in combined grocery/gas purchases each quarter
  • No changing categories and no expiration on rewards
  • 0% Introductory APR for 12 billing cycles for purchases AND for any balance transfers made in the first 60 days, then, 13.24% - 23.24% Variable APR. 3% fee (min $10) applies to balance transfers.
  • Get a 10% customer bonus every time you redeem your cash back into a Bank of America® checking or savings account
  • If you're a Preferred Rewards client, you can increase that bonus to 25%-75%. Click "Apply Now" to learn more about Preferred Rewards.

Rewards
  • Earn 3% cash back on gas and 2% cash back at grocery stores for the first $1,500 in combined grocery store and gas purchases each quarter.
  • Earn 1% cash back on all other purchases everywhere, every time.
  • Online-exclusive $100 cash rewards bonus after you spend at least $500 on purchases in the first 90 days of account opening.
  • Bank of America customers will earn a 10% cash reward bonus when they redeem their rewards directly into their Bank of America® checking or savings account.

Redeem Rewards
  • Redeem as a statement credit, a check, or an electronic deposit to a Bank of America checking or savings account.

Fees and APR
  • Annual Fee: $0.
  • Intro APR: 0% Introductory APR on purchases for 12 billing cycles and for any balance transfers made in first 60 days.
  • Purchase APR: 13.24% - 23.24% Variable APR on purchases, depending on credit history.
  • Balance Transfer APR: 13.24% - 23.24% Variable APR on balance transfers, depending on credit history.
  • Balance Transfer Fee: 3% of the amount of each transaction or $10, whichever is greater.
  • Foreign Transaction Fee: 3% of the transaction amount.
  • Penalty APR: up to 29.99% APR
  • Terms and Conditions


Apply for a BankAmericard Cash Rewards Credit Card

If you have a question or concern we haven't answered on our site, please let us know. Your question will be added to the NextAdvisor Forums so that we and other experts in our community can answer it. Due to volume, we aren't able to respond to every question, but we answer as many as we can.



Card Details

Purchase APR:0% Introductory APR on purchases for 12 billing cycles, then 13.24% - 23.24% Variable APR on purchases
Features:Earn 3% cash back on gas & 2% at grocery stores for first $1,500 in combined gas & grocery store purchases quarterly, 1% cash back on other purchases, $100 online-exclusive bonus after spending at least $500 in purchases in first 90 days
Annual Fee:$0
Credit Needed:Excellent/Good

NextAdvisor Credit Cards Blog Headlines

Related Forum Posts


About Us Blog Contact Us Forums Terms & Privacy Policy Affiliate Program Site Map
Copyright© 2006 - 2016 NextAdvisor.com - All rights reserved.

Advertiser Disclosure: NextAdvisor.com is a consumer information site that offers free, independent reviews and ratings of online services. We receive advertising revenue from most but not all of the companies whose products and services we review. For credit cards, we review cards from all of the top 10 US issuers by purchase volume (according to Issue 1035 of The Nilson Report, Feb 2014) excluding issuers that require additional accounts to be a cardholder and private label issuers. We may also review cards from other issuers in select cases. We do not review all products in a given category. We are independently owned and operated and all opinions expressed on this site are our own.