Best Bank of America Credit Cards for June 2022

Credit Card Intro Offer Rewards Annual Fee Regular APR Min. Credit Score
Bank of America® Premium Rewards®

Best Overall, Best Travel
50,000 bonus points after you make at least $3,000 in purchases in first 90 days of account opening Unlimited points for every $1 spent on travel/dining Earn 2 points for every $1 spent on grocery store purchases through to 12/31/21 Earn 1.5 points for every $1 spent on all other purchases $95 16.24% to 23.24% 670
Bank of America® Customized Cash Rewards for Students

Best Student
$200 online cash rewards bonus after making at least $1,000 in purchases in first 90 days of your account opening Earn 3% cash back in the category of your choice 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases) Unlimited 1% on all other purchases $0 14.74% to 24.74% 670
Bank of America Travel Rewards

Best No Annual Fee Travel
25,000 bonus points if you make at least $1,000 in purchases in the first 90 days of your account opening–which can be redeemed for a $250 statement credit toward travel and dining purchases Earn unlimited 1.5 points for every $1 you spend on all purchases everywhere, every time, and no expiration on points $0 14.24% to 24.24% 670
Bank of America® Customized Cash Rewards Credit Card

Best Cash Back
Online $200 cash rewards bonus after making at least $1,000 in purchases in the first 90 days after your account opening Earn 3% cash back in the category of your choice 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/ grocery store/ wholesale club quarterly purchases) Unlimited 1% on all other purchases $0 14.24 to 24.24% 670
Business Advantage Travel Rewards

Best Business
Earn 30,000 bonus points when you make at least $3,000 in net purchases with 90 days of account opening Can be redeemed for $300 statement credit toward travel or dining Earn unlimited 1.5 points for every $1 you spend on all purchases. Earn 3 points per $1 spent when you book your travel (car, hotel, airline) through the Bank of America® Travel Center. $0 12.49% to 22.49% 670
Bank of America® Customized Cash Rewards Secured

Best for Bad Credit
None 3% cash back in the category of your choice 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases) Unlimited 1% on all other purchases $0 24.74% 350

column Picks of the Best Bank of American Credit Cards

Bank of America Premium Rewards Credit Card

Best overall, Best for Travel
Earn unlimited 1.5 points for every $ 1 you spend on all purchases everywhere. Use the 12-month 0 % APR forwarding on purchases .
Read the full Bank of America Premium Rewards Credit Card Review.

Bank of America Customized Cash Rewards for Students

Best student
Students can enjoy a $ 200 cash rewards bonus offer after making at least $ 1,000 in purchases in the first 90 days of opening an report .
Read the wax Bank of America Customized Cash Rewards for Students Review .

Bank of America Travel Rewards Credit Card

Best No Annual Fee Travel
Take advantage of the generous bonus offer of 25,000 points if you make at least $ 1,000 in purchases in the inaugural 90 days of your bill opening. This can be redeemed for a $ 250 affirmation credit toward change of location and dine purchases .
Read the full Bank of America Travel Rewards Credit Card Review .

Bank of America Customized Cash Rewards Credit Card

Best cash Back
Offers 3 % cash back in the class of your choice ( boast, on-line denounce, dining, travel, drugstores, or home improvement/furnishings ) arsenic well as 2 % cash back at grocery store stores and wholesale clubs, and 1 % cash back on all other purchases .
Read the full moon Bank of America Customized Cash Rewards Credit Card Review .

business Advantage Travel Rewards Credit Card

Best business
commercial enterprise owners can earn unlimited 1.5 points for every $ 1 spent on all purchases vitamin a well as 3 points per $ 1 spent on travel booked through the Bank of America Travel plaza .
Read the wide Business Advantage Travel Rewards Credit Card Review .

Bank of America Customized Cash Rewards Secured

Best for Bad Credit
Start rebuild or repairing your credit while you earn cash back. Earn competitive rewards with a secured card and make toward being upgraded to an unguaranteed tease with creditworthy use .
Read the fully Bank of America Customized Cash Rewards Credit Card Review .

Types of Bank of America Cards

Bank of America issues Mastercard and Visa cards but does not issue cards on the American Express or Discover networks. Its cards include points and cash back rewards options for consumers and little businesses, along with cards for college students and those who want to transfer balances or build credit rating. The unlike types of credit cards offered by Bank of America include :

  • Cash rewards credit cards
  • Cards for building credit
  • Credit cards for students
  • Lower interest rate credit cards
  • Points rewards credit cards
  • Travel rewards credit cards
  • Airline rewards credit cards

How Bank of America ‘s Rewards Program Works

Bank of America ‘s rewards points are earned at versatile levels based on the poster product. They can be redeemed for cash back, instruction credits, giving cards, or for travel through Bank of America ‘s travel center. As with many issuers ‘ rewards platforms, earned points generally have the greatest value when they ‘re redeemed for travel through the travel portal vein .

Is a Bank of America Credit Card Worth Getting?

Whether you are looking for a personal citation tease or a commercial enterprise credit card, Bank of America offers a diverseness of accredit cards to meet an array of wants and needs. Credit Card Benefits Those interested in earning cash back rewards, travel rewards, or points rewards can benefit from a Bank of America credit poster. Students looking to build their credit while besides earning cash spinal column or change of location rewards can benefit from a Bank of America Student citation card. Credit Card Interest rate If you want a credit batting order that will help you to save on matter to, Bank of America offers recognition cards with 0 % APR presentation offers for purchases and balance transfers for a certain numeral of months. Credit Card Fees Bank of America offers many credit cards with no annual fee. Some credit cards, including the Bank of America Premium Rewards credit batting order, do have a $ 95 annual tip but are worth it for those who take advantage of the generous bonus offer and upstanding reward points program .

What Credit Score Is Needed for a Bank of America Credit Card?

Bank of America generally requires well or excellent credit for the majority of its consumer and business cards. A good to excellent FICO credit seduce ranges from 670 to 850. Bank of America does consider those with no credit history for its student calling card options and those with lower scores for its non-rewards and secured wag options. To apply for a Bank of America credit card, you can complete an on-line application and get a response in a little as 60 seconds. You will be asked to fill in some demographic information ( name, address ), information about your citizenship ( including Social Security number ), arsenic well as employment information including your sum annual income and primary source of income. once you have submitted all of your data, you will receive one of four decision messages. One is that your lotion has been approved. In this character, you can expect to receive your credit card within 10 days. You might besides receive a message saying your application has been approved, but for a different card. It ’ mho besides possible to receive a message saying more time is needed to review your information. last, you may receive a detect saying you have been declined. Before applying for a Bank of America credit card, it ’ s a good idea to check your credit score so you have a dependable understand of your current creditworthiness. Bank of America uses all three of the major citation chest of drawers : Equifax, TransUnion, and Experian .

How Good Is Bank of America Customer Service?

Bank of America received a score of 805 out of 1,000 points in the 2021 J.D. Power U.S. Credit Card Satisfaction Study and ranked fifth out of 11 major home credit wag issuers. The average sexual conquest among major issuers was 809. Its mobile app scored first in a 2021 J.D. Power view for customer satisfaction. As another of its services, Bank of America offers customers access to their FICO credit score .

What Is the History of Bank of America?

Bank of America Corporation was formed through the amalgamation of San Francisco, CA-based BankAmerica and Charlotte, NC-based NationsBank in 1998, creating one of the nation ‘s largest bank organizations. Bank of America can trace its roots to the Bank of Italy, started by an italian immigrant to serve his residential district in 1904. Bank of America launched the BankAmericard in 1958, which was the second universal joint citation card always offered, with Diners Club being the first. The poster net behind the BankAmericard finally evolved into Visa after being spun off from the bank in the 1970s. Bank of America dramatically grew its credit rating tease portfolio when it acquired MBNA in 2005.

methodology

To choose the best Bank of America credit cards, we filtered our list of closely 300 credit cards. We looked at credit card features including rewards, bonus offers, interest rates, fees, and benefits. We besides considered the security of the batting order and the degree of customer serve provided. A weighted algorithm was used to determine which cards would be included in our final list .

MEET OUR CREDIT CARDS EXPERT

Ben Woolsey is Investopedia ‘s Associate Editorial Director of Financial Products and Services, including credit cards. He has more than 30 years of have in the fiscal services industry, including market for bank and fiscal institutions such as Associates First Capital and Bank One. Prior to Investopedia, he managed credit rating menu subject for CreditCards.com and Bankrate.com .

source : https://www.peterswar.net
Category : Finance

Related Posts

How to Calculate Credit Card Interest Rates

interest rates are one of the ways to work out how much it will cost you to use your credit card, along with other charges and fees….

What debt collectors can & cannot do

If you are dealing with a debt collector, you have protections under the law. A debt collector must not mislead, harass, coerce or act unconscionably towards you….

Can You Afford a New Home? How to Determine Your Homebuying Budget

Can You Afford a New Home? How to Determine Your Homebuying Budget As with any major purchase, determining what you can afford before you look for a…

Why Did My Credit Score Drop?

Why Did My Credit Score Go Down When Nothing Changed? sometimes your mark does change based on factors outside of your control, but most times your behavior…

Why Do I Owe Taxes To The IRS & How To Avoid Them

Are you wondering why you owe indeed much in taxes this year ? Want to make certain you never owe a big tax bill – or any…

The 5 reasons why your credit score might suddenly drop

Select ’ s editorial team works independently to review fiscal products and write articles we think our readers will find useful. We earn a perpetration from affiliate…