Bank Of America Cash Back Card Benefits

If you link your bank of america deposit account to your credit card for overdraft protection we will automatically transfer funds in multiples of 100 from your credit card account to cover any overdraft on your deposit account as long as the portion of credit available for cash on your credit card account is sufficient and you are not in default under your credit card agreement.

Bank of america cash back card benefits. Added security no need to carry large amounts of cash. Redeem for cash back as a deposit into bank of america checking or savings accounts for credit to eligible merrill accounts including 529 accounts as a statement credit to your credit card or for gift cards and purchases at the bank of america travel center. The first is the ability to chose your 3 cash back category every month. If your credit card receives the 10 customer bonus the preferred rewards bonus will replace the 10 customer bonus.

These perks and the ability to earn a lot of cash back make it a card you ll want to keep long term. Preferred rewards members earn 25 75 more points on every purchase. A fee of 12 will apply for each transaction. The fee will not be assessed a if your deposit account is.

Most bank of america branded consumer credit cards such as the cash rewards travel rewards and premium rewards credit cards are eligible to receive the preferred rewards bonus as long as the card account is open and in good standing. Unfortunately the 3 and 2 cash back is limited to the first 2 500 in combined purchases each quarter. Two of my favorite benefits are directly tied to earning cash back. Convenience instant access to pay by 9 00 am on payday.

Purchases and cashback with purchase at pinned point of sale terminals for no fee. If you have 20 000 or more in a qualifying bank of america merrill account you can register for the preferred rewards program and boost your rewards rate. Thankfully you ll earn 1 cash back on all other purchases including those over the 2 500 limit. Earn 3 cash back in the category of your choice 2 at grocery stores and wholesale clubs up to 2 500 in combined choice category grocery store wholesale club quarterly purchases and 1 on all other purchases with the bank of america cash rewards credit card.

The second benefit is bankamerideals which even allows you to earn up to 15 cash back at certain merchants. The bank of america cash rewards credit card earns 3 in a cash back category of your choice 2 cash back at grocery stores and wholesale clubs on up to 2 500 in combined purchases each. Review the bank of america credit card benefits faq and find answers to your most frequently asked questions about credit card features and benefits. The bank of america cash rewards card offers benefits without a hefty annual fee.

The bank of america cash rewards credit card also offers 2 cash back at grocery stores and wholesale clubs.