Bank of America® Cash Rewards credit card - $200 Cash Rewards Offer Bank of America<sup>®</sup> Cash Rewards credit card - $200 Cash Rewards Offer
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Bank of America® Cash Rewards credit card - $200 Cash Rewards Offer Review

Apply for a Bank of America® Cash Rewards credit card - $200 Cash Rewards Offer
Rating:
Bottom Line:
$200 online cash rewards bonus offer; 3% on gas, 2% at wholesale clubs and grocery stores; introductory 0% APR offer for 12 billing cycles

Full Review:
The Bank of America® Cash Rewards credit card is a great cash back card that not only offers a hefty intro bonus, but it also earns generous rewards at the gas station, grocery store or wholesale club. First, cardholders will earn $200 online-exclusive bonus after you spend after you spend at least $500 on purchases in the first 90 days of account opening - that's like earning 40% back on the first $500 you spend! Note that you must apply for this card online to receive the $200 cash back bonus.

In terms of ongoing rewards, you'll earn a nice 3% cash back on gas and 2% cash back at wholesale clubs (that accept Mastercard) and grocery stores for up to $2,500 in combined gas, wholesale club and grocery store purchases each quarter, as well as 1% cash back on all other purchases. The wholesale club rewards are particularly appealing, as it is one of the few cards that will earn 2% back at these establishments.

As if that isn't enough, the Bank of America® Cash Rewards credit card also lets cardholders save money with a 0% Introductory APR on purchases for 12 billing cycles as well as a 0% Intro APR for 12 billing cycles for balance transfers made in the first 60 days (note that there's a balance transfer fee of either $10 or 3%, whichever is greater), then a 14.99% - 24.99% Variable APR on purchases and balance transfers will apply.

This card is also great for 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%.

Overall, this is a terrific card for anyone who wants to earn significant cash back rewards and a generous $200 bonus, and it comes with the added perk of earning 3% cash back on gas and 2% back at wholesale clubs and grocery stores (on up to $2,500 in gas, grocery and wholesale club purchases quarterly). Additionally, you can take advantage of the 0% intro APR on purchases and balance transfers.

Highlights From Bank of America
  • No annual fee
  • NEW OFFER: $200 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 wholesale clubs, and 3% on gas for the first $2,500 in combined grocery/wholesale club/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, 14.99% - 24.99% 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%
  • Easily add your Mastercard® credit card to any digital wallet for a simple, secure, and convenient way to pay online, in-app, and in-store

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: $0.00.
  • Purchase APR: 0% Introductory APR on purchases for 12 billing cycles, then 14.99% - 24.99% Variable APR on purchases, depending on credit history.
  • Balance Transfer APR: 0% Intro APR for 12 billing cycles for balance transfers made in the first 60 days, then 14.99% - 24.99% Variable APR on balance transfers, depending on credit history.
  • Balance Transfer Fee: Either $10 or 3% of the amount of each transaction, whichever is greater.
  • Foreign Transaction Fee: 3% of the transaction amount.
  • Penalty APR: up to 29.99% APR.


Apply for a Bank of America® Cash Rewards credit card - $200 Cash Rewards Offer

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Card Details

Features:$200 online bonus after you spend at least $500 on purchases in the first 90 days of account opening; Earn 3% cash back on gas, 2% back at wholesale clubs & grocery stores up to $2,500 gas/wholesale club/grocery store quarterly purchases, 1% back on other purchases
Purchase APR:0% Introductory APR on purchases for 12 billing cycles, then 14.99% - 24.99% Variable APR on purchases
Balance Transfer APR:0% Intro APR for 12 billing cycles for balance transfers made in the first 60 days, then 14.99% - 24.99% Variable APR on balance transfers
Annual Fee:$0.00
Credit Needed:Excellent/Good

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