Millions of consumers have a Bank of America account, and chances are if they don’t own one themselves, they probably know somebody who does. So perhaps it’s no surprise that the wildly popular bank offers its own line of branded credit cards. After all, who wouldn’t want to do business with someone they know? Bank of America offers a serious selection of cards, but it’s important to use them wisely so you don’t find yourself in debt or lose your rewards to high interest. Remember, the right credit card for you will depend on your spending habits. With that in mind, here’s some information on how to choose a card, followed by our picks, based on overall value, for the best Bank of America credit cards.
How to Pick a Bank of America Credit Card
Before you apply for a credit card, it’s a good idea to see what’s available. Bank of America offers a whopping 22 cards to choose from alone. These include cards for baseball fans, cards that offer cash back on a range of everyday purchases, cards with low annual percentage rates (APRs) and cards with benefits to help you pay down your debt faster.
If you’re the type who likes to travel, a travel rewards card, which offers perks on things like airline miles, hotels and checked bags, may be the right fit for you. Remember to swipe wisely so you don’t lose your hard-earned rewards to high interest or debt. If your credit is bad, you may want to look into a secured credit card, which requires a cash deposit that serves as your credit line. If saving money on everyday purchases is a bigger priority, a cash back credit card may be a great fit, as these cards offer points just for spending on regular items (think: gas, restaurants and retail). (You can view two of your credit scores for free on Credit.com.)
Now that you have a sense of the different types of credit cards Bank of America offers, read on for our picks of the best ones, based on perks and overall terms. (Note: For full details, please check out the card agreements.)
Our Picks for the Best Bank of America Credit Cards
Bank of America Cash Rewards
Why We Picked It: BankAmericard Cash Rewards offers a 0% introductory APR for 12 months and a shot at an additional 10% customer points bonus on every purchase for active Bank of America checking or savings customers.
Rewards Details: Cardmembers earn 1% cash back on every purchase, 2% at grocery stores and wholesale clubs, and 3% on gas for the first $2,500 in grocery/wholesale club/gas purchases each quarter. Rewards never expire, and there are no rotating categories.
Annual Fee: None
APR: 0% for the first 12 months, variable 16.24% to 26.24% thereafter
Bank of America Travel Rewards
Why We Picked It: Like its cash rewards sibling, BankAmericard Travel Rewards offers the chance at an additional 10% customer points bonus on every purchase for active Bank of America checking or savings customers.
Rewards Details: Cardholders earn 1.5% cash back on all purchases and there is no cap on rewards you can earn.
Annual Fee: None
APR: 0% for the first 12 months, variable 17.24% to 25.24% thereafter
Note: It’s important to remember that interest rates, fees and terms for credit cards, loans and other financial products frequently change. As a result, rates, fees and terms for credit cards, loans and other financial products cited in these articles may have changed since the date of publication. Please be sure to verify current rates, fees and terms with credit card issuers, banks or other financial institutions directly.
Article last updated April 25, 2019.