2017 RANKING & REVIEWS
TOP RANKING BANK OF AMERICA CREDIT CARD REWARDS
How to Choose the Best Bank of America Rewards Card and Other Perks
When credit cards first began being introduced on a large scale by Bank of America, back in 1958, the options were pretty limited. Today, there is a credit card for just about every interest and financial objective.
If you like to save points, you can choose a Bank of America rewards card; if you love traveling, there’s a Bank of America travel rewards card; if you just want cash back, you can choose a Bank of America cash card.
You now have the freedom to pick a credit card that fits your personal needs best, and Bank of America, the #3 credit card issuer in the U.S., has multiple options to give you the most out of their cards. By choosing the right credit card, you can enjoy the perks of extra cash from a Bank of America cash rewards card or free travel benefits from a Bank of America travel card.
Award Emblem: Top 6 Bank of America Rewards Cards
In the J.D. Power 2015 U.S. Credit Card Satisfaction Study℠, it was found that the two main reasons customers select a credit card are the rewards and benefits. Just over half, 52%, of the credit card customers surveyed said they choose a new card for a better rewards program, while 24% choose it for other benefits.
Businesses can also save money with the right card. They can cut down on travel expenses and international fees, as well as benefit from Bank of America credit card cash rewards. So if you’re looking into a business credit card, you’ll want to know which options can add to your bottom line.
In this article, we are going to take a look at six of the best cards offered by Bank of America for perks, including personal, business, and student credit cards. We’ve chosen ones that give special benefits, like a Bank of America cash rewards credit card or other Bank of America credit card promotions. We will do a thorough comparison of the benefits each offers to give you the background you need to find the perfect card for your lifestyle.
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AdvisoryHQ’s List of the Top 6 Best Bank of America Rewards Card Options
List is sorted alphabetically (click any of the credit card names below to go directly to the detailed review section for that credit card):
- BankAmericard Better Balance Rewards®
- BankAmericard Cash Rewards™ Credit Card
- BankAmericard Cash Rewards™ Credit Card for Students
- BankAmericard Travel Rewards® Credit Card
- Cash Rewards for Business MasterCard® Credit Card
- Travel Rewards World MasterCard® for Business Credit Card
Top 6 Best Bank of America Credit Card Rewards | Brief Comparison & Ranking
Credit Card Names | Cash | Bonus | APR | APR |
| BankAmericard Better Balance Rewards® | None | None | None | 12.24% |
| BankAmericard Cash Rewards™ Credit Card | $100 | None | 0% | 13.24% |
| BankAmericard Cash Rewards™ Credit Card for Students | $100 | None | 0% | 13.24% |
| BankAmericard Travel Rewards® Credit Card | None | 20,000 | 0% | 15.24% |
| Cash Rewards for Business MasterCard® Credit Card | $200 | None | 0% | 11.49% |
| Travel Rewards World MasterCard® for Business Credit Card | None | 25,000 | 0% | 11.49% |
Table: Top 6 Best Bank of America Rewards Card Offers | Above list is sorted alphabetically
Detailed Overview of Bank of America Rewards Credit Card Categories
There are three main categories for Bank of America rewards card offers for you to choose from, and some cards give you more than one type of reward. Cash back, travel rewards, and rewards points for purchases have become popular with consumers and businesses, and many cardholders expect some type of credit card payback these days.
According to the J.D. Power statistics, cash back is the most popular type of reward, with 55% of cardholders in their survey choosing it. Redeeming points for gift card rewards was next (26%), followed by travel (9%) and merchandise (8%).
Let’s take a look at the three types of Bank of America credit card promotions.
Cash | Bank of America Cash Rewards Card
The Bank of America cash back card offers give you back between 1% to 3% of the value of purchases, which is redeemable once the balance reaches $25 as a statement credit, check, or electronic deposit into a Bank of America® checking or savings account or a contribution to a Merrill Lynch Cash Management Account®.
Points | Bank of America Credit Cards Rewards
The Bank of America rewards credit card offers points that can be saved and redeemed for particular purchases or items at a store, such as Bass Pro Shops. This type of points redemption offer has also been combined with the Bank of America Travel rewards credit card offers that let you redeem points for multiple travel-related expenses.
Travel | Bank of America Travel Rewards Card
The Bank of America travel card is a favorite of those who love to travel and earn money to help their budget go farther. You have the flexibility to redeem points earned for a statement credit to pay for flights, hotels, vacation packages, cruises, rental cars, or baggage fees. This type of card also often offers the benefit of no foreign transaction fees if you use your Bank of America travel rewards credit card while out of the country.
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Other Bank of America Credit Card Cash Rewards | How Do BankAmeriDeals® Work?
If you’re a Bank of America customer or just considering a Bank of America cash card, you may have seen promotions for their BankAmeriDeals® and wondered how that ties in with either a Bank of America travel rewards card or a Bank of America cash rewards credit card.
Image Source: Bank of America Rewards Card
The program ties in with all Bank of America cash back card, credit card, and travel card offers and all debit cards associated with their bank accounts. It’s free to online banking customers with no special sign up needed; you just visit your online banking to choose your cash back deals.
Highlights of the BankAmeriDeals® program include:
- Deals are earned on top of any credit card rewards you receive
- Deals are tied to specific retailers for extra cash back percentages
- Deals are offered only for a limited time
- You need to add the deal in your online banking to get credit
- You can sign up for alerts to be notified of new or expiring deals
- You can still get credit for a deal right after you’ve shopped the retailer
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AdvisoryHQ’s Selection Methodology
What methodology does AdvisoryHQ use in selecting and finalizing the credit cards, financial products, firms, services, and products that are ranked on its various top-rated lists?
Please click here “AdvisoryHQ’s Ranking Methodologies” for a detailed review of AdvisoryHQ’s selection methodologies for ranking top-rated credit cards, financial accounts, firms, products, and services.
Detailed Review – Top Ranking Best Bank of America Credit Card Rewards
Below, please find a detailed review of each credit card on our list of Bank of America credit card promotions. We have highlighted some of the factors that allowed these Bank of America rewards credit card offers to score so highly in our selection ranking.
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BankAmericard Better Balance Rewards® Review | Bank of America Rewards Card
If you want a card designed to help you pay down your balance faster, then the BankAmericard Better Balance Rewards® card may be the one for you. This Bank of America cash rewards card gives you a $25 cash reward each quarter when you pay more than the minimum payment by your due date each month.
A fairly easy way to earn another $5 bonus each quarter from this Bank of America cash back card is to open a checking or savings account at the bank. There is no annual fee with this card, which is another nice feature to keep your balance comfortably low.
This Bank of America cash card has a 0% introductory APR for the first 12 billing cycles and for any balance transfers made within the first 60 days, so you can transfer balances from higher interest cards or loans and save quite a bit. The standard APR after the introductory period is between 12.24% and 22.24%.
Bank of America Credit Card Promotions for This Card:
- Can earn up to $30 cash reward per quarter
- 0% Introductory APR
- Fraud protection
- Online shopping security
- Overdraft protection (optional)
- Digital wallet technology
- Account alerts
- Text banking
- Great card for savers
Apply for the BankAmericard Better Balance Rewards® card here.
BankAmericard Cash Rewards™ Credit Card Review | Bank of America Cash Card
If you’re looking for a card that you can use to earn cash back whenever you shop, the BankAmericard Cash Rewards™ Credit Card is one that lets you do just that. With this Bank of America cash rewards card, you earn 1% cash back on every purchase, 2% from grocery stores and wholesale clubs, and 3% on gas, up to $2,500 in purchases for grocery/gas per quarter.
Another great feature of this Bank of America cash rewards credit card is $100 online cash rewards bonus after making at least $500 worth of purchases in the first 90 days. You can also get a 10% customer bonus every time you redeem the cash back into a Bank of America checking or savings account.
There is no annual fee with using this Bank of America cash rewards card, and it has a 0% introductory APR for the first 12 billing cycles and for any balance transfers made within the first 60 days. After the introductory period, the APR is between 13.24% and 23.24%.
Bank of America Credit Card Rewards for This Card:
- Can earn between 1%-3% on purchases
- $100 bonus offer
- Extra 10% when cash is redeemed to your account
- 0% introductory APR
- Fraud protection
- Online shopping security
- Overdraft protection (optional)
- Digital wallet technology
- Account alerts
- Text banking
- Great card for wise shoppers
Apply for the BankAmericard Cash Rewards™ Credit Card here.
BankAmericard Cash Rewards™ Credit Card for Students Review | Bank of America Cash Card
Image Source: Bank of America Cash Rewards Card
For students who want to start building credit for their future, there is the BankAmericard Cash Rewards™ Credit Card for Students. This is an excellent card if you or a student in your family with no credit wants the chance to build a credit history and still enjoy the perks of Bank of America credit card cash rewards at the same time.
This card offers all the same benefits as the BankAmericard Cash Rewards™ Credit Card, like earning 1% cash on all purchases, 2% from grocery and wholesale clubs, and 3% on gas, up to $2,500 in purchases for grocery/gas per quarter. It also has no annual fee.
As a student building up good credit habits, with this Bank of America cash rewards card, you also can take advange of the $100 online cash rewards bonus on $500 in purchases and the 10% bonus when you transfer the cash back into a Bank of America checking or savings account.
The APR is 0% for purchases for the first 12 months, while you have 60 days on balance transfers. After the introductory period, the APR on purchases is between 13.24% to 23.24%.
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Bank of America Credit Card Rewards for This Card:
- Earn between 1%-3% on purchases
- $100 bonus offer
- Extra 10% when cash is redeemed to your account
- 0% introductory APR
- Fraud protection
- Online shopping security
- Overdraft protection (optional)
- Digital wallet technology
- Account alerts
- Text banking
- Great card for students building credit
Apply for the BankAmericard Cash Rewards™ Credit Card for Students here.
BankAmericard Travel Rewards® Credit Card Review | Bank of America Travel Card
Are you a traveler at heart and want a credit card to help you go on your next adventure? Then the BankAmericard Travel Rewards® Credit Card is the one for you. This Bank of America travel rewards card offers 20,000 bonus points if you make at least $1,000 in purchases in the first 90 days.
This Bank of America travel rewards credit card features no blackout dates, and you can earn unlimited points. It is also an award-winning card, being named a “Best Travel Rewards credit card” in Kiplinger’s 2015 annual “Best List.”
Other features include the same 0% introductory APR for the first 12 billing, changing to an APR between 15.24% and 23.24% afterwards. You can travel to your heart’s content by using this Bank of America travel card on flights, hotels, vacation packages, cruises, rental cars, or baggage fees without being limited to any specific websites.
Bank of America Travel Rewards Card Promotions for This Card:
- No foreign transaction fees
- 20,000 bonus points offer
- 10% extra points if you have a bank account
- 0% introductory APR
- Fraud protection
- Online shopping security
- Overdraft protection (optional)
- Digital wallet technology
- Account alerts
- Text banking
- Great card for travel lovers
Apply for the BankAmericard Travel Rewards® Credit Card here.
Cash Rewards for Business MasterCard® Credit Card Review | Bank of America Rewards Card
For those running a small business who want their credit card to help them earn extra cash, the Cash Rewards for Business MasterCard® credit card makes great business sense. This Bank of America cash rewards credit card for business lets you earn up to 3% cash back on business purchases.
Another excellent bonus feature is a $200 statement credit after making $500 in purchases within the first 60 days of opening this Bank of America cash rewards card account. There is also no annual fee to worry about with this card.
This small-business-focused Bank of America credit card rewards offer gives you an introductory period of nine billing cycles with 0% APR, with the standard APR afterward being 11.49% to 21.49%. You also don’t have to wait to redeem your earnings; you can do it as soon as you’ve reached a $25 minimum.
Bank of America Credit Card Rewards for This Card:
- Can earn between 1%-3% on purchases
- $200 statement credit offer
- 0% introductory APR
- Cash flow management tools
- Travel and emergency services
- Fraud monitoring
- Overdraft protection (optional)
- Zero liability for unauthorized use
- Great card for small business owners
Apply for the Cash Rewards for Business MasterCard® credit card here.
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Travel Rewards World MasterCard® for Business Credit Card Review | Bank of America Travel Rewards Card
Image Source: Bank of America Travel Rewards Credit Card
If you and your team are on the road often visiting clients or attending trade shows, then you may want to look into the Travel Rewards World MasterCard® for Business Credit Card. This Bank of America travel rewards card is specifically designed to boost your travel budget by allowing you to earn unlimited points and offering 25,000 in bonus points.
The 25,000 offer is when you make $1,000 in purchases in the first 60 days and can be redeemed for a $250 statement credit toward travel purchases. With this Bank of America travel card, you earn 1.5 points for every $1 you spend on anything, and 3 points for every $1 you spend booking a hotel, flight, or car rental through the Bank of America Travel Center – powered by Orbitz.
This Bank of America travel rewards card for business has no annual fee, no blackout dates and no travel restrictions when booking. It also gives you 0% APR for the first 9 billing cycles, with the standard APR after that of 11.49% to 21.49%.
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Bank of America Travel Rewards Card Promotions for This Card:
- No international transaction fees
- 25,000 bonus points offer
- 0% introductory APR
- Unlimited points
- Cash flow management tools
- Travel and emergency services
- Fraud monitoring
- Overdraft protection (optional)
- Zero liability for unauthorized use
- Great card for businesses with employees who travel
Apply for the Travel Rewards World MasterCard® for Business Credit Card here.
Conclusion — Top 6 Bank of America Credit Card Rewards
Whether you like to save money and keep your credit balance under control, enjoy earning points to spend on travel, or just like getting cash back from purchases, Bank of America credit card promotions can definitely meet your needs.
Whether you travel for business or pleasure, one of the Bank of America travel rewards credit card options can help you stretch your travel budget farther by letting you earn points from all your purchases. You can then spend those on a number of travel expenses with no restrictions on travel dates.
For those who like to shop and get money back for it, Bank of America cash rewards card offers fill that need and even provide all the same great deals to students who are just starting to build up their credit history. And if you happen to have an account there, you can increase the amount of Bank of America rewards card cash you receive.
Now that you know some of the offers, bonus structures, and cash percentages you can earn from a Bank of America cash back card, travel card, or rewards points card, you should be able to more easily choose the one that will contribute most to your financial goals.
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