Here Are the Best Bank of America Credit Cards

If you are interested in a Bank of America credit card, here are the credit cards you need to consider so you can select the right one for you.
11/24/19 | By Brett Holzhauer
The Best Bank of America Credit Cards

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Bank of America has roots that trace back over 240 years. In 1923, the first Bank of America, Los Angeles was founded. Now, Bank of America is part of the “Big Four” banks: JPMorgan Chase, Wells Fargo, Citigroup, and Bank of America. Throughout the history of the bank, there have been mergers and acquisitions, but Bank of America has established itself as a major player in American consumer banking.

In recent years, Bank of America has also made moves to become a contender in the world of credit cards. If you’re looking for your next credit card to boost your cashback savings, earn more travel rewards, or build your credit, this article will assist you in selecting a card that works for you from the Bank of America catalog.

Here are a few of the most useful and most rewarding Bank of America credit cards, organized by what they’re best for.

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Best Bank of America credit cards for cash back

Card name Sign-Up Bonus Spending Categories Annual Fee
Bank of America Cash Rewards Credit Card Get $200 cash rewards bonus after spending $1,000 in the first 90 days 3% cash back on the category of your choice; 2% cash back at grocery stores and wholesale clubs (on to first $2,500 spend each quarter); and 1% cash back on all other purchases $0
Susan G. Komen Cash Rewards Visa Credit Card $200 cash rewards bonus after making at least $1,000 in purchases in the first 90 days 3% cash back in the category of your choice: gas, online shopping, dining, travel, drug stores, or home improvement/furnishings $0

Bank of America Cash Rewards Credit Card

The Bank of America Cash Rewards Credit Card is great for someone looking to save on their monthly bills. To start, you’ll get $200 cash rewards bonus after spending $1,000 in the first 90 days. Along with the sign-up bonus, you’ll be able to earn 3% cash back on the category of your choice; 2% cash back at grocery stores and wholesale clubs (on to first $2,500 spend each quarter); and 1% cash back on all other purchases.

Keep in mind you can switch your 3% category each quarter, which is incredibly helpful for people whose primary expense may vary over the course of a year. If your Q4 is filled with online shopping for the holidays while Q2 is about booking travel for the summer, this card may be a great fit for you.

With a card like the Bank of America Cash Rewards Credit Card, you can earn hundreds of dollars in cash back each year, even if you don’t spend a lot. And when you do spend, you’ll have a 0% intro APR (annual percentage rate) on purchases for your first 15 billing cycles.

Susan G. Komen Cash Rewards Visa Credit Card

The Susan G. Komen Cash Rewards Visa Credit Card is nearly identical to the Bank of America Cash Rewards Credit Card in terms of spending categories and the 15-month intro APR on purchases and balance transfers. The one difference is when you make purchases with this card, Bank of America donates to Susan G. Komen, a nonprofit that funds research for breast cancer. Susan G. Komen receives eight cents per dollar of all purchases made with the card along with an extra $3 from Bank of America for every card that remains open and is used within the first 90 days of account opening.

If you’re deciding which of these two cards is for you, the one key difference is the donation Bank of America makes with the Susan G. Komen Cash Rewards Visa Credit Card.

Best Bank of America credit card for travel rewards

Card name Sign-Up Bonus Spending Categories Annual Fee
Bank of America Premium Rewards Credit Card 50,000 bonus points after spending $3,000 in the first 90 days 2X points on travel and dining, and 1.5X points on all other purchases $95

Bank of America Premium Rewards Credit Card

The Bank of America Premium Rewards Credit Card is a great starting card for someone looking to earn valuable travel rewards. Once you begin earning, you’ll be able to cash your points in and book travel through Bank of America.

While the two-points-per-dollar spending category on travel and dining isn’t the best compared to some travel cards offered by other banks, the 1.5 points per dollar on all other purchases is a great earning rate.

Along with the points-earning potential, you’ll also receive a $100 airline incidental statement credit. This can be redeemed for purchases such as checked bags, flight upgrades, and airline lounge fees. Plus, you’ll get a $100 credit toward your TSA PreCheck or Global Entry fee every four years.

That said, this card has a $95 annual fee. But with the card’s potential rewards earnings, the value of this fee can easily be made back.

Best Bank of America co-branded airline credit card

Card name Sign-Up Bonus Spending Categories Annual Fee
Alaska Airlines Visa Signature Credit Card Earn 40,000 bonus miles after spending $2,000 in the first 90 days 3X miles on eligible Alaska Airlines purchases and 1X miles on every $1 spent on other purchases $75

Alaska Airlines Visa Credit Card

The Alaska Airlines Visa Signature Credit Card is an extremely underrated card and perfect for someone who enjoys air travel. You’ll earn 40,000 bonus miles after spending $2,000 in the first 90 days

While this bonus and the card itself don’t seem eye-catching, the miles you earn are regarded as among the most valuable airline points because of their transferability and how far you can stretch them.

The Alaska Airlines miles earned with this card can be redeemed for anything from economy to ultra-luxury first class with either Alaska Airlines or its partner airlines. You can transfer Alaska Airlines points to airlines such as American, British Airways, Cathay Pacific, Emirates, Fiji Airways, Finnair, Japan Airlines, Qantas, and Singapore Airlines. But even if you want to fly only Alaska Airlines, you can’t go wrong, as it has won the “Highest in Customer Satisfaction Among Traditional Carriers in North America” for 12 years in a row, according to J.D. Power.

Lastly, this card comes with Alaska’s Famous Companion Fare. On your account anniversary each year, you’ll receive a companion certificate good for a flight booked on AlaskaAir.com.

Best Bank of America credit card for a 0% intro APR

Card name Intro Offer Length Balance Transfer Fee Annual Fee
BankAmericard Credit Card 0% introductory APR for 15 billing cycles on balance transfers made within 60 days of account opening and all purchases $0 for transactions made within 60 days of opening your account; then $10 or 3%, whichever is greater $0

BankAmericard Credit Card

The BankAmericard Credit Card is great for someone looking for interest-free purchases and balance transfers for a short time with no annual fee. You’ll have a 0% introductory APR for 15 billing cycles on balance transfers made within 60 days of account opening and all purchases.

If you’re looking for spending rewards, you may want to take a look elsewhere. This card doesn’t come with any sort of rewards system. But if you’re after reducing your interest expense on an existing line of credit through a balance transfer, then you may not care about the lack of rewards.

Best Bank of America credit card for online shopping

Card name Sign-Up Bonus Spending Categories Annual Fee
Bank of America Cash Rewards Credit Card Get $200 cash rewards bonus after spending $1,000 in the first 90 days 3% cash back on the category of your choice; 2% cash back at grocery stores and wholesale clubs (on to first $2,500 spend each quarter); and 1% cash back on all other purchases $0

Bank of America Cash Rewards Credit Card

The Bank of America Cash Rewards Credit Card is a great card for avid online shoppers. To start, you’ll get $200 cash rewards bonus after spending $1,000 in the first 90 days.

You can also earn a healthy amount of cash back. The Bank of America Cash Rewards Credit Card includes 3% cash back on the category of your choice; 2% cash back at grocery stores and wholesale clubs (on to first $2,500 spend each quarter); and 1% cash back on all other purchases.

Each quarter, you can select one category for the highest rewards rate — and you can choose the same category every quarter, if you want. In that way, this an excellent card for online shopping. As an example, if you select online shopping throughout the whole year and spend $200 a month online, you’ll earn $72 a year in cash back on your purchases with no annual fee.

Best Bank of America credit card with no annual fee

Card name Sign-Up Bonus Spending Categories Annual Fee
Bank of America Cash Rewards Credit Card Get $200 cash rewards bonus after spending $1,000 in the first 90 days 3% cash back on the category of your choice; 2% cash back at grocery stores and wholesale clubs (on to first $2,500 spend each quarter); and 1% cash back on all other purchases $0

Bank of America Cash Rewards Credit Card

The Bank of America Cash Rewards Card is excellent for someone looking for great returns on their spending without an annual fee. You’ll get $200 cash rewards bonus after spending $1,000 in the first 90 days. Also, you’ll be able to earn 3% cash back on the category of your choice; 2% cash back at grocery stores and wholesale clubs (on to first $2,500 spend each quarter); and 1% cash back on all other purchases.

With a generous selection of categories to earn cash back and no annual fee, this simple cashback card could easily earn you hundreds of dollars a year. The lack of annual fee, plus the easy-to-navigate rewards system could make this card a good fit for you.

Best Bank of America business credit card

Card name Sign-Up Bonus Spending Categories Annual Fee
Alaska Airlines Visa Business Credit Card 40,000 miles after you make $2,000 or more in purchases within the first 90 days of your account opening Earn unlimited 3 miles for every $1 spent on eligible Alaska Airlines purchases and unlimited 1 miles for every $1 spent on all other purchases $50 for the company, plus $25 for each card

Alaska Airlines Visa Business Credit Card

There are several advantages of business credit cards, including simplifying your bookkeeping and the ability to earn valuable points and miles. The Alaska Airlines Visa Business Credit Card is perfect for a small business owner looking to travel more. This card wouldn’t be ideal for a business wanting to give multiple employees an authorized user card, as the annual fee will include an extra $25 per year per employee card.

To top it off, the card comes with the same benefits of the personal Alaska Airlines card, including Alaska’s Famous Companion Fare.

Best Bank of America credit card for students

Card name Sign-Up Bonus Spending Categories Annual Fee
Bank of America Cash Rewards Credit Card for Students $200 cash bonus after making at least $1,000 in purchases in the first 90 days 3% cash back in a category of your choice (on up to $2,500 quarterly), 2% at grocery stores and wholesale clubs (on up to $2,500 quarterly), and 1% on all other purchases $0

Bank of America Cash Rewards Credit Card for Students

The Bank of America Cash Rewards Credit Card for Students is exactly the same as the Bank of America Cash Rewards Credit Card in terms of rewards and benefits. But when it comes to credit cards designed for students, this card is incredibly competitive. Student credit cards typically offer very low to no rewards, so for this card to mirror the generous rewards system of a non-student card is notable.

Best Bank of America credit card for no or low credit scores

Card name Financial tools available Annual Fee
BankAmericard Secured Credit Card Potential deposit return, access to updated FICO score, access to credit education $0

BankAmericard Secured Credit Card

This card is best for someone looking to build — or rebuild — their credit score. To open this card, you’ll have to put down a minimum refundable security deposit that can range from $300 to $4,900. Your maximum credit limit will be determined by the deposit you provide, your income, and your ability to pay the credit line established. If you put down a deposit that exceeds the credit line Bank of America determines is appropriate for you, the difference will be returned to you.

In addition, Bank of America periodically reviews its secured accounts to see if your creditworthiness has improved and if you’re eligible to have your security deposit returned. Being able to transition to an unsecured card isn’t a guaranteed feature when you open a secured card, so you can count that as a benefit of this card, as well.

How to power up your rewards with Bank of America partners

There are ways to earn further rewards with Bank of America based on other financial products you may already have or be willing to open there. The Bank of America Preferred Rewards program is free to join, and all you need to enroll is a Bank of America personal checking account and a three-month average combined balance of $20,000 or more in qualifying Bank of America banking accounts and/or Merrill investment accounts.

There are three tiers to the Preferred Rewards program: Gold, Platinum, and Platinum Honors. The tier you’re placed in depends on the combined balances in your qualifying accounts. As your money grows or decreases, you’ll move up and down in the status levels.

With the Preferred Rewards program, you can earn perks in addition to the rewards your Bank of America credit card may already be earning you. These benefits include things like a rate booster on your savings account, a bonus on credit card rewards, fee-free ATM transactions, a reduction in a mortgage origination fee, auto loan interest discounts, and more.

How we chose these cards (methodology)

If you’re thinking of applying for one of these Bank of America credit cards, here are the reasons we selected each one:

First, we always look at sign-up bonuses. These bonuses can be a vital part of a credit card being the right fit for you. When a sign-up bonus is available, we look at it carefully to dissect its actual value.

Second, we look at spending categories. While earning a sign-up bonus is great, having a card that’s valuable in your billfold long term is even better. I’m always looking at products to possibly replace what I currently have for better returns on my expenses. The cards chosen above (where applicable) do have great spending categories.

Third, we look to see if there’s an introductory APR offer. This can be an important factor for someone looking to consolidate debt or prepare for a large expenses, such as home renovations.

Lastly, we avoid cards with poor or no rewards system. There are exceptions to the rule — such as with secured cards — but generally, we like to point our readers to products that will earn them cash back or rewards points so they can make the most of their spending.

Before you apply: Bank of America has a 2/3/4 rule

Similar to other banks like Chase, Bank of America has application rules to ensure consumers aren’t signing up for too many credit cards. In 2017, Bank of America established the “2/3/4” rule. The rule goes as follows:

  • You can only get approved for two new cards in a two-month period.
  • You can only get approved for three new cards in a 12-month period.
  • You can only get approved for four new cards in a 24-month period.

With this in mind, if you end up wanting to apply for a few of the cards in this article, it’s important to strategically plan out your credit card applications.

Which Bank of America credit card is best for you?

The “perfect” card is different for everyone. Each person is in a different financial position and will have varying priorities when it comes to their spending and the kinds of rewards they’d like to earn. The nice thing is the selection of Bank of America credit cards ranges widely in features for all particular financial stepping stones in life.

Whether you’re looking to build your credit from scratch or earn valuable travel rewards to see the world, Bank of America has a credit card that can suit your financial needs.

Bank of America Cash Rewards Credit Card

Bank of America Cash Rewards Credit Card

Bank of America Cash Rewards Credit Card

Benefits

  • $200 cash rewards bonus offer
  • 0% Intro APR on purchases and balance transfers for 15 billing cycles
  • 3% cash back on one category of your choice
  • No annual fee
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