Bank Of America Cash Back Card Review

The bank of america cash rewards credit card offers bonus rewards on a quarterly maximum of 2 500 in combined purchases across two different spending categories.

Bank of america cash back card review. Ongoing rewards not quite as simple as 1 2 3. Few c notes ever come so easy. The bank of america cash rewards credit card is ideal for existing or new bofa customers. Opinions expressed here are author s alone not those of any bank credit card issuer airlines or hotel chain and have not been reviewed approved or otherwise endorsed by any of these entities.

Bank of america cash rewards credit card review highlights. To achieve that however you ll need a personal checking account with bank of america and average three month combined balances of least 20 000 in qualifying bank of america banking and or merrill investment accounts. Bank of america now serves one out of every two households in america and most fortune 500 companies. Yes you will earn 1 cash back on most purchases made.

It allows you to choose a purchase category to earn 3 cash back with a spending cap and bofa s. The card also gives you the chance to earn 25 to 75 more rewards if you re a preferred rewards client with the bank. Also rewards don t. You can also set up automatic redemptions starting at 25.

But if you re a frugal shopper and want to choose your own 3 cash back bonus category especially if you keep a lot of money with bank of america or merrill this card is an excellent pick. Substantial bank or investment account balances allow for extra cash back bonuses. Learn more with our detailed review. With one of the best sign up bonuses on the market and up to 3 cash back bank of america cash rewards credit card packs in rich rewards.

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. 3 cash back on purchases you make in a category you choose from a short list and 2 cash back at grocery stores and wholesale clubs then 1 after exceeding the 2 500 quarterly cap. You ll need a minimum of 25 to redeem but once you ve reached the threshold you can opt for a statement credit or direct deposit into an eligible bank of america checking or savings account. You ll get just 1 cash back on all other purchases.

Easy 200 if you apply online. Preferred rewards members earn 25 75 more points on every purchase.