Fond of getting the most out of your purchases? If you are, you will certainly appreciate the Bank of America Cash Rewards Credit Card. Apart from giving you access to a wide range of cash back rewards, it also provides a wealth of benefits.
Bank of America prides itself on being a leading financial institution in the country. What makes it a leading financial provider in the nation is its wide range of financial tools and offerings designed to help individuals from all walks of life.
From exclusive perks to competitive interest rates, the Bank of America Cash Rewards Credit Card is a worthy contender. To learn more about this credit offering, read on.
Features and Benefits of a Bank of America Cash Rewards Credit Card
True to its name, the Cash Rewards Credit Card provides cardholders with access to 3% cash back in a number of categories, including dining, travel, online shopping, home improvement, gas, and drug stores.
Apart from the 3% cash back, you are also entitled to 2% cash back at supermarkets and grocery stores, while you can also enjoy 1% cash back for all other purchases. Cash back may be redeemed for statement credits, deposits, or an account with Merrill.
As part of its introductory offering, you are entitled to a bonus offer of $200. This offer is valid for those who make $1,000 in purchases within 90 days of account opening. Another introductory offer you might enjoy is getting a low APR of 0% for the first 15 billing cycles, after which the APR will revert to normal.
Powered by Visa, this credit card boasts of worldwide acceptance at ATMs and POS terminals around the globe. It is also equipped with a wealth of security features such as chip technology and fraud protection.
How to Apply for a Bank of America Cash Rewards Credit Card
To qualify for a Bank of America Cash Rewards Credit Card, you must be at least 18 years of age and have a good credit standing. You must also be a resident of the United States.
To apply, fill out the online application form found on their website. You will be asked to provide your name, address, city, state, date of birth, and contact details. Your financial information, as well as your employment status and monthly housing payment, will also be required by the bank upon application.
After applying, you will be given a credit limit based on your creditworthiness. The credit limit will be at the bank’s discretion after considering your documents and personal information.
Fees and Charges
- APR – 13.99% to 23.99% variable (depending on your creditworthiness)
- Annual Fee – None
- Balance Transfer Fee - $10 or 3% (whichever is greater)
- Foreign Transaction Fee – 3% of the U.S. dollar amount of each transaction made in a foreign currency or made in U.S. dollars
- Late Payment Charge – up to $40
The Bottom Line
The Bank of America Cash Rewards Credit Card is perfect for individuals who are looking to save more money even while they spend. With its excellent cash back returns and its low-interest rates, this card is definitely a notable financial offering to be considered.
For more information on this card, feel free to reach out to 800-732-9194 or make an appointment with their headquarters located at Bank of America Corporate Center, 100 North Tryon Street, Charlotte, NC 28255.
Note: There are risks involved when applying for and using a credit card. Please see the bank’s terms and conditions page for more information.
