Bank of America Cash Rewards

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Bank of America Cash Rewards
 
 
 
$150 Cash Back
$150 after $500 spend in 90 days
Click Here

$0 Annual Fee

 
 

Recent better offer: $200 back after $500 spend in 90 days [Expired 1/19]

 
 

Card Type: Mastercard World

Base
1%
Travel
3%
Dine
3%
Gas
3%
Grocery
2%
Shop
3%
Other
3%

Earning rate: 3% back on your choice of the following: gas, online shopping, dining, travel, drugstores, home improvement & furnings (can choose a new category monthly). ⚬ 2% back at grocery stores & wholesale clubs ⚬ 1% back everywhere else. 2% and 3% rewards are capped at $2500 in combined purchases per quarter

Noteworthy perks: Up to 75% bonus for Preferred Rewards banking customers

Overview

The no-fee BankAmericard Cash Rewards Card offers 2% cash back at grocery stores and wholesale clubs and 3% cash back on gas up to the first $2,500 in combined grocery/wholesale club/gas purchases each quarter; and 1% cash back everywhere else.

On its own, this is a fairly poor cash back card considering that you can get a no fee 2% cash back card instead from Citibank or Fidelity. But, you can get up to a 75% bonus through your banking relationship with Bank of America and/or Merrill Edge. This makes it possible to earn up to: 3.5% at grocery stores and 5.25% on gas up to the first $2,500 in combined purchases each quarter; and 1.75% cash back everywhere else. If you have a very large banking relationship with Bank of America, this card is a great option for a limited amount of grocery, wholesale club, and gas spend.

Overall, this card offers a nice and easy signup bonus, but for long term use it is a good choice only for those with very large Bank of America / Merrill Edge banking relationships.

Application Tips

Bank of America Application Tips

  • 2/3/4 Rule: Max 2 consumer cards per rolling 2 months, 3 per rolling 12 months, and 4 per rolling 24 months.
  • 5 card limit: You will not get approved for a new consumer card if you already have 5 consumer BOA cards open

  • Get Same Card Again: With some BOA cards, must wait 24 months after either opening or cancelling, depending upon the card.

  • Hard inquiries are usually combined into 1 when initiated within 30 days but there have been reports of TransUnion not combining.


Click here to check your application status
If denied, call reconsideration here: 800-354-0401 (8am-7pm ET Mon-Fri); 866-695-6598 (business cards);

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Info about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy.

Recent better offer: $500: $250 after $5K in 6 months plus $250 after additional $10K in 12 months (Expired 4/25/18)

 
 
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Recent better offer: $200 back after $500 spend in 90 days [Expired 1/19]

 
 
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Info about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy.

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Info about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy.

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Ducks Unlimited Visa from First Bankcard
 
 
 

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Last updated on February 18th, 2019

Earn Miles Without Flying: START HERE
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A product change that's better than expected

[…] was still possible to product-change from the Alaska card to Bank of America’s no-annual-fee Cash Rewards Card (sometimes called the “3-2-1 card”). It was quick and easy to make that change (and I […]

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3 months ago
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Guest
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Does Plastiq code as online shopping for this Bank of America Cash Back card? I may get the card based solely on that.

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1 month ago
Greg The Frequent Miler
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Greg The Frequent Miler

I don’t know. We should get reports about this soon.

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1 month ago
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Thank you. I will follow up.

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1 month ago