Best Credit CardsBank of America
Updated Apr 8, 2024Fact checked
By:John Kiernan, Credit Card Editor
|Apr 8, 2024
Reviewed by:Alina Comoreanu, Senior Researcher
Fact checked
The best Bank of America credit cards give you up to 3% back in rewards and 0% financing for up to 18 months, and there are options for you no matter what your credit level is. To point you in the right direction, we selected the top Bank of America credit cards using WalletHub's proprietary 100-point credit card rating system.
6 Best Bank of America Credit Cards of April 2024
Winner: Bank of America® Premium Rewards® credit cardBank of America® Premium Rewards® credit cardLearn MoreLearn More- Cash Back:Bank of America® Unlimited Cash Rewards credit cardBank of America® Unlimited Cash Rewards credit cardLearn MoreLearn More
- Intro APR Offer:BankAmericard® credit cardBankAmericard® credit cardLearn MoreLearn More
- Small Business:Bank of America® Business Advantage Travel Rewards World Mastercard® credit cardBank of America® Business Advantage Travel Rewards World Mastercard® credit cardLearn MoreLearn Moreon issuer's website
- Building Credit:Bank of America® Customized Cash Rewards Secured Credit CardBank of America® Customized Cash Rewards Secured Credit CardLearn MoreLearn More
- Students:Bank of America® Travel Rewards credit card for StudentsBank of America® Travel Rewards credit card for StudentsLearn MoreLearn More
Bank of America credit cards are an especially good option if you have a well-funded Bank of America bank account, as maintaining a $20,000+ balance can earn you 25% to 75% more rewards on your purchases through the Bank of America Preferred Rewards®program.
Similarly, Bank of America is great for people with bad or limited credit, as you can choose between two fantastic secured rewards cards with no annual fees. If you're a student, you'll generally want to pick these cards over BofA's student credit card offers, as they require excellent credit (which is extremely unusual for student cards).
WalletHub tracks 1,500+ credit cards (other sites only consider a much smaller number of cards, so they naturally miss a lot of great cards)
WalletHub picks the best credit cards overall (other sites pick the best cards from their advertising partners)
WalletHub uses a sophisticated card rating system to objectively find the best cards (other sites’ picks are influenced by their own biases)
WalletHub has 100% editorial independence (other sites just provide a billboard for advertisers)
WalletHub does not have a conflict of interest (other sites are biased due to promoting their own lending and banking offers)
WalletHub has 15+ years of credit card experience (other sites simply don’t have the same expertise)
WalletHub's best credit card picks and ratingsare completelyindependentand not provided, commissioned, or endorsed by any issuer. In addition, our editors follow a strict editorial policy.Some offers may come from WalletHub's advertising partners.WalletHub independently collected information forsome of the cardson this page.
BEST OVERALL
Best Bank of America Credit Card
Bank of America® Premium Rewards® credit card
Bank of America® Premium Rewards® credit card
4.2WalletHub Rating
WalletHub Rating
4.2
This card has been scored using WalletHub’s proprietary credit card rating system. We evaluated the card for various cardholder needs and picked the rating for the need most relevant to this page ("Earn Rewards"). The rating for this card may vary on other pages where a different need is used. A rating of 5 is the best a card can receive.
Editor’s Rating
4.8
User Reviews
3.8
Market Comparison
4.2
fees: 2.9
rewards: 4.2
cost: 4.8
Other Features: 0.0
Learn More
Regular APR
20.24% - 27.24% Variable
Annual Fee
$95
Rewards Rate
1.5 - 2 points / $1
Bonus Offer
60,000 points
Accepted Credit
Excellent
Regular APR
20.24% - 27.24% Variable
Annual Fee
$95
Rewards Rate
1.5 - 2 points / $1
Bonus Offer
60,000 points
Accepted Credit
Excellent
Editors’ Thoughts
Why We Like It: The Bank of America® Premium Rewards® credit card is the best Bank of America credit card overall because it offers 2 points per $1 spent on travel and dining, and 1.5 points per $1 on all other purchases. The Bank of America® Premium Rewards® credit card also has some great promotional offers.
For example, you can get a 60,000 points bonus for spending $4,000 in the first 90 days.
What We Don’t Like:This card has a high APR and a $95 annual fee.
Who Should Get It: Consider applying for this card if you have a credit score of 750 or higher and you can earn enough rewards to break even with the high annual fee. In a normal year with no initial bonus, you’ll need to spend $4,700 to $6,300, according to WalletHub's calculations.
Pros, Cons & More Details
Pros
- 60,000 bonus points offer
- 2 points per $1 spent on travel and dining
- Extra points for Bank of America Preferred Rewards® clients
- $0 foreign fee
- Up to $200 in air travel credits
Cons
- $95 annual fee
- Very high regular APR
- Requires excellent credit
Rewards Details
- Receive 60,000 online bonus points - a $600 value - after you make at least $4,000 in purchases in the first 90 days of account opening.
- Earn unlimited 2 points for every $1 spent on travel and dining purchases and unlimited 1.5 points for every $1 spent on all other purchases. No limit to the points you can earn and your points don't expire as long as your account remains open.
- If you're a Bank of America Preferred Rewards® member, you can earn 25%-75% more points on every purchase. That means you could earn 2.5-3.5 points on travel and dining purchases and 1.87-2.62 points on all other purchases, for every $1 you spend.
- Redeem for cash back as a statement credit, deposit into eligible Bank of America® accounts, credit to eligible Merrill® accounts, or gift cards or purchases at the Bank of America Travel Center.
- Get up to $100 in Airline Incidental Statement Credits annually and TSA PreCheck®/Global Entry Statement Credits of up to $100, every four years.
Interest Rate Breakdown
| Balance | APY |
|---|
Additional Info
- Travel Insurance protections to assist with trip delays, cancellations and interruptions, baggage delays and lost luggage.
- No foreign transaction fees.
- Low $95 annual fee.
- This online only offer may not be available if you leave this page or if you visit a Bank of America financial center. You can take advantage of this offer when you apply now.
Pros, Cons & Details
Best for Cash Back
Best Bank of America Credit Card for Cash Back
Bank of America® Unlimited Cash Rewards credit card
Bank of America® Unlimited Cash Rewards credit card
3.8WalletHub Rating
WalletHub Rating
3.8
This card has been scored using WalletHub’s proprietary credit card rating system. We evaluated the card for various cardholder needs and picked the rating for the need most relevant to this page ("Earn Rewards"). The rating for this card may vary on other pages where a different need is used. A rating of 5 is the best a card can receive.
Editor’s Rating
4.6
User Reviews
3.6
Market Comparison
3.7
fees: 3.8
rewards: 3.4
cost: 4.2
Other Features: 0.0
Learn More
Purchase intro APR
0% for 15 billing cycles
Transfer intro APR
0% for 15 billing cycles for any balance transfers made in the first 60 days
Transfer Fee: 3% for 60 days from account opening, then 4%
Regular APR
18.24% - 28.24% Variable
Annual Fee
$0
Rewards Rate
1.5% Cash Back
Bonus Offer
$200
Accepted Credit
Excellent
Purchase intro APR
0% for 15 billing cycles
Transfer intro APR
0% for 15 billing cycles for any balance transfers made in the first 60 days
Transfer Fee: 3% for 60 days from account opening, then 4%
Regular APR
18.24% - 28.24% Variable
Annual Fee
$0
Rewards Rate
1.5% Cash Back
Bonus Offer
$200
Accepted Credit
Excellent
Editors’ Thoughts
Why We Like It: The Bank of America® Unlimited Cash Rewards credit card is the best Bank of America credit card for cash back rewards because it offers 1.5% cash back on all purchases and an initial bonus of $200 online cash rewards for spending $1,000 in the first 90 days. You can earn even more if you’re a Bank of America Preferred Rewards®member, too.
In addition, the Bank of America® Unlimited Cash Rewards credit card offers an introductory APR of 0% for 15 billing cycles on purchases and balance transfers made in the first 60 days. In other words, you can avoid interest for months longer than you would with the average 0% card while still earning better-than-average rewards on purchases. Plus, you won’t have to pay an annual fee.
What We Don’t Like:This card has a high regular APR - 18.24% - 28.24% Variable - and a transfer fee of 3% for 60 days from account opening, then 4%. Neither feature should stop you from applying, though.
Who Should Get It: Consider applying for the Bank of America® Unlimited Cash Rewards credit card if you have a credit score of 750 or higher and you want a card that will reward you for making purchases without charging you interest (at least initially).
Pros, Cons & More Details
Pros
- $200 initial bonus (online exclusive)
- 1.5% cash back on all purchases
- No annual fee
- Low intro APRs
Cons
- Potential for a very high regular APR
- 3% foreign transaction fee
Rewards Details
- $200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening.
- Earn unlimited 1.5% cash back on all purchases.
- If you're a Bank of America Preferred Rewards® member, you can earn 25%-75% more cash back on every purchase. That means you could earn 1.87%-2.62% cash back on every purchase with Preferred Rewards.
- No limit to the amount of cash back you can earn and cash rewards don’t expire as long as your account remains open.
Interest Rate Breakdown
| Balance | APY |
|---|
Additional Info
- No annual fee.
- 0% Intro APR for 15 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the Intro APR offer ends, a Variable APR that’s currently 18.24% - 28.24% will apply. A 3% Intro balance transfer fee will apply for the first 60 days your account is open. After the Intro balance transfer fee offer ends, the fee for future balance transfers is 4%.
- Contactless Cards - The security of a chip card, with the convenience of a tap.
- This online only offer may not be available if you leave this page or if you visit a Bank of America financial center. You can take advantage of this offer when you apply now.
Pros, Cons & Details
Best for Travel
Best Bank of America Credit Card for Travel Rewards
Bank of America® Travel Rewards credit card
Bank of America® Travel Rewards credit card
3.3WalletHub Rating
WalletHub Rating
3.3
This card has been scored using WalletHub’s proprietary credit card rating system. We evaluated the card for various cardholder needs and picked the rating for the need most relevant to this page ("Earn Travel Rewards"). The rating for this card may vary on other pages where a different need is used. A rating of 5 is the best a card can receive.
Editor’s Rating
4.2
User Reviews
3.1
Market Comparison
3.1
fees: 5.0
rewards: 2.9
cost: 3.0
Other Features: 0.0
Learn More
Purchase intro APR
0% for 15 billing cycles
Transfer intro APR
0% for 15 billing cycles for any balance transfers made in the first 60 days
Transfer Fee: 3% for 60 days from account opening, then 4%
Regular APR
18.24% - 28.24% Variable
Annual Fee
$0
Rewards Rate
1.5 points / $1
Bonus Offer
25,000 points
Accepted Credit
Excellent
Purchase intro APR
0% for 15 billing cycles
Transfer intro APR
0% for 15 billing cycles for any balance transfers made in the first 60 days
Transfer Fee: 3% for 60 days from account opening, then 4%
Regular APR
18.24% - 28.24% Variable
Annual Fee
$0
Rewards Rate
1.5 points / $1
Bonus Offer
25,000 points
Accepted Credit
Excellent
Editors’ Thoughts
Why We Like It: The Bank of America® Travel Rewards credit card offers 1.5 points per $1 spent on all purchases, as well as an initial bonus of 25,000 points for spending $1,000 in the first 90 days. Those points are worth 1 cent each, so you can save a pretty penny with the card’s rewards.
The Bank of America® Travel Rewards credit card also has a $0 annual fee, and it offers an introductory APR of 0% for 15 billing cycles on purchases and balance transfers made in the first 60 days. Those features really take the card’s money-saving potential to the next level.
What We Don’t Like:This card has a high regular APR - 18.24% - 28.24% Variable - and a transfer fee of 3% for 60 days from account opening, then 4%. Both are common among credit cards with rewards and low intro rates, though.
Who Should Get It: Consider applying for this card if you have a credit score of 750 or higher and you want to both earn travel rewards and save money on interest.
Pros, Cons & More Details
Pros
- 25,000 points initial bonus ($250 in travel)
- 1.5 points / $1 spent
- No annual fee or foreign transaction fees
- User-friendly travel rewards redemption
Cons
- Very high regular APR
- Requires excellent credit
Rewards Details
- Earn unlimited 1.5 points per $1 spent on all purchases, with no annual fee and no foreign transaction fees and your points don't expire as long as your account remains open.
- 25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening - that can be a $250 statement credit toward travel purchases.
- Use your card to book your trip how and where you want - you're not limited to specific websites with blackout dates or restrictions.
- Redeem points for a statement credit to pay for travel or dining purchases, such as flights, hotel stays, car and vacation rentals, baggage fees, and also at restaurants including takeout.
- If you're a Bank of America Preferred Rewards® member, you can earn 25%-75% more points on every purchase. That means instead of earning an unlimited 1.5 points for every $1, you could earn 1.87-2.62 points for every $1 you spend on purchases.
Interest Rate Breakdown
| Balance | APY |
|---|
Additional Info
- 0% Intro APR for 15 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the Intro APR offer ends, a Variable APR that’s currently 18.24% - 28.24% will apply. A 3% Intro balance transfer fee will apply for the first 60 days your account is open. After the Intro balance transfer fee offer ends, the fee for future balance transfers is 4%.
- Contactless Cards - The security of a chip card, with the convenience of a tap.
- This online only offer may not be available if you leave this page or if you visit a Bank of America financial center. You can take advantage of this offer when you apply now.
Pros, Cons & Details
Best for Rewards
Best Bank of America Credit Card for Customized Rewards
Bank of America® Customized Cash Rewards credit card
Bank of America® Customized Cash Rewards credit card
3.2WalletHub Rating
WalletHub Rating
3.2
This card has been scored using WalletHub’s proprietary credit card rating system. We evaluated the card for various cardholder needs and picked the rating for the need most relevant to this page ("Earn Rewards"). The rating for this card may vary on other pages where a different need is used. A rating of 5 is the best a card can receive.
Editor’s Rating
4.0
User Reviews
3.8
Market Comparison
3.0
fees: 3.8
rewards: 2.8
cost: 3.1
Other Features: 0.0
Learn More
Purchase intro APR
0% for 15 billing cycles
Transfer intro APR
0% for 15 billing cycles for any balance transfers made in the first 60 days
Transfer Fee: 3% for 60 days from account opening, then 4%
Regular APR
18.24% - 28.24% Variable
Annual Fee
$0
Rewards Rate
1 - 3% Cash Back
Bonus Offer
$200
Accepted Credit
Excellent
Purchase intro APR
0% for 15 billing cycles
Transfer intro APR
0% for 15 billing cycles for any balance transfers made in the first 60 days
Transfer Fee: 3% for 60 days from account opening, then 4%
Regular APR
18.24% - 28.24% Variable
Annual Fee
$0
Rewards Rate
1 - 3% Cash Back
Bonus Offer
$200
Accepted Credit
Excellent
Editors’ Thoughts
Why We Like It: The Bank of America® Customized Cash Rewards credit card is the best Bank of America credit card for customized rewards because it has a $0 annual fee and rewards you with 3% cash back in a category of your choice and 2% back at grocery stores and wholesale clubs (up to $2,500 spent quarterly), plus unlimited 1% cash back on all other purchases. It also has some great sign-up incentives.
For example, you can get a $200 bonus for spending $1,000 in the first 90 days.Plus, there’s currently an introductory APR offer of 0% for 15 billing cycles.
What We Don’t Like:This card has a high regular APR – 18.24% - 28.24% Variable – and requires excellent credit for approval.
Who Should Get It: Consider applying for this card if you have a credit score of 750 or higher and your spending habits match up well with the card’s bonus rewards. It’s an especially good option if you want to earn bonus rewards in a particular category from BofA’s list.
Pros, Cons & More Details
Pros
- $200 initial bonus (online exclusive)
- Up to 3% cash back
- No annual fee
Cons
- Potential for a very high regular APR
- 3% foreign-transaction fee
Rewards Details
- $200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening.
- Earn 3% cash back in the category of your choice, automatic 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases) and unlimited 1% on all other purchases.
- Choose 3% cash back on gas and EV charging station, online shopping/cable/internet/phone plan/streaming, dining, travel, drug store/pharmacy or home improvement/furnishing purchases.
- If you're a Bank of America Preferred Rewards® member, you can earn 25%-75% more cash back on every purchase. That means you could earn 3.75%-5.25% cash back on purchases in your choice category.
- No annual fee and cash rewards don’t expire as long as your account remains open.
Interest Rate Breakdown
| Balance | APY |
|---|
Additional Info
- 0% Intro APR for 15 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the Intro APR offer ends, a Variable APR that’s currently 18.24% - 28.24% will apply. A 3% Intro balance transfer fee will apply for the first 60 days your account is open. After the Intro balance transfer fee offer ends, the fee for future balance transfers is 4%.
- Contactless Cards - The security of a chip card, with the convenience of a tap.
- This online only offer may not be available if you leave this page or if you visit a Bank of America financial center. You can take advantage of this offer when you apply now.
Pros, Cons & Details
Best for 0% APR
Best Bank of America Credit Card for 0% APR
BankAmericard® credit card
BankAmericard® credit card
4.0WalletHub Rating
WalletHub Rating
4.0
This card has been scored using WalletHub’s proprietary credit card rating system. We evaluated the card for various cardholder needs and picked the rating for the need most relevant to this page ("Finance New Purchases"). The rating for this card may vary on other pages where a different need is used. A rating of 5 is the best a card can receive.
Editor’s Rating
4.0
User Reviews
3.7
Market Comparison
4.0
fees: 4.0
rewards: 0.0
cost: 3.7
APR: 5.0
Learn More
Purchase intro APR
0% for 18 billing cycles
Transfer intro APR
0% for 18 billing cycles for any balance transfers made in the first 60 days
Transfer Fee: 3%
Regular APR
16.24% - 26.24% Variable
Annual Fee
$0
Accepted Credit
Excellent
Purchase intro APR
0% for 18 billing cycles
Transfer intro APR
0% for 18 billing cycles for any balance transfers made in the first 60 days
Transfer Fee: 3%
Regular APR
16.24% - 26.24% Variable
Annual Fee
$0
Accepted Credit
Excellent
Editors’ Thoughts
Why We Like It:The BankAmericard® credit card is the best Bank of America credit card for low interest rates because it offers introductory APRs of 0% for 18 billing cycles on purchases and 0% for 18 billing cycles for any balance transfers made in the first 60 days. That’s about 5-6 months longer than the average 0% intro APR card will give you.
The BankAmericard credit card also has a $0 annual fee.
What We Don’t Like:There is a balance transfer fee of 3%. Plus, the card’s regular APR is 16.24% - 26.24% Variable. Both are pretty standard, unfortunately.
Who Should Get It: Consider applying for this Bank of America credit card if you want to avoid interest charges for a long time. You can use WalletHub’s credit card payoff calculator to estimate your savings.
Pros, Cons & More Details
Pros
- Low balance transfer intro APR for 18 billing cycles
- Low purchase intro APR for 18 billing cycles
- No annual fee
Cons
- Balance transfer fee of 3%
- Very high regular APR
- Excellent credit required
Rewards Details
Interest Rate Breakdown
| Balance | APY |
|---|
Additional Info
- 0% Introductory APR for 18 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the intro APR offer ends, 16.24% - 26.24% Variable APR will apply. A 3% fee applies to all balance transfers.
- No annual fee.
- No penalty APR. Paying late won't automatically raise your interest rate (APR). Other account pricing and terms apply.
- Access your FICO® Score for free within Online Banking or your Mobile Banking app.
- Contactless Cards - The security of a chip card, with the convenience of a tap.
Pros, Cons & Details
Best for Rebuilding Credit
Best Bank of America Credit Card for Rebuilding Credit
Bank of America® Customized Cash Rewards Secured Credit Card
Bank of America® Customized Cash Rewards Secured Credit Card
4.3WalletHub Rating
WalletHub Rating
4.3
This card has been scored using WalletHub’s proprietary credit card rating system. We evaluated the card for various cardholder needs and picked the rating for the need most relevant to this page ("Rebuild Damaged Credit by Paying in Full Each Month"). The rating for this card may vary on other pages where a different need is used. A rating of 5 is the best a card can receive.
Editor’s Rating
4.5
Market Comparison
4.3
fees: 5.0
rewards: 5.0
cost: 4.4
Other Features: 3.0
Learn More
One-Time Fees
$0
Regular APR
28.24% (V)
Annual Fee
$0
Monthly Fee
$0
Rewards Rate
1 - 3% Cash Back
Accepted Credit
Bad
One-Time Fees
$0
Regular APR
28.24% (V)
Annual Fee
$0
Monthly Fee
$0
Rewards Rate
1 - 3% Cash Back
Accepted Credit
Bad
Editors’ Thoughts
Why We Like It: The Bank of America® Customized Cash Rewards Secured Credit Card is the best Bank of America credit card for rebuildingcredit because it has a $0 annual fee and reports to the major credit bureaus monthly. The Bank of America® Customized Cash Rewards Secured Credit Card also offers rewards of 1 - 3% cash back.
What We Don’t Like: Your spending limit equals the amount of your security deposit, which has to be at least $200. Plus, carrying a balance from month to month would get expensive fast, thanks to the card’s high APR.
Who Should Get It: Consider applying for this Bank of America credit card if you want to repair damaged credit. Rewards, low fees, and monthly credit-bureau reporting is an ideal combination when you have bad credit, since you can save money as you rebuild your credit.
Pros, Cons & More Details
Pros
- No membership fees
- High rewards rate
- Bonus rewards categories
- Qualify with bad credit
Cons
- Spending caps on rewards
- High regular APR
- Foreign fee
- Requires security deposit
Rewards Details
- Earn 3% cash back in the category of your choice (gas & EV charging station, online shopping including cable, streaming, internet, and phone plan, drug stores & pharmacy, home improvement & furnishings, dining or travel) and automatic 2% cash back at grocery stores and wholesale clubs on the first $2,500 in combined choice category/grocery store/wholesale club purchases each quarter.
- Earn unlimited 1% cash back on all other purchases.
- When your cash rewards balance is $25 or more, you can redeem your cash rewards for a statement credit, a check, or an electronic deposit into a Bank of America® checking or savings account.
- Rewards are automatic and do not expire. Go to Online Banking or the Mobile Banking app to change your choice category for future purchases, or it stays the same.
Interest Rate Breakdown
| Balance | APY |
|---|
Additional Info
- Credit line $200-$5,000. Your maximum credit line is determined by the amount of the security deposit you provide, your income and your ability to pay the credit line established.
- Important account information is shared with the 3 major credit bureaus helping you to establish a credit history that could benefit you now and in the future.
- Your account will be reviewed periodically and, based on your overall credit history, you may qualify to have your security deposit returned.
- Security Benefits: $0 Liability Guarantee, Fraud Monitoring, Overdraft Protection and Paperless Statement Option.
- Mobile banking, text or email alerts to keep you on top of your finances, quick access to your account information with text banking.
Pros, Cons & Details
Best for Students
Best Bank of America Credit Card for Students
Bank of America® Travel Rewards credit card for Students
Bank of America® Travel Rewards credit card for Students
3.9WalletHub Rating
WalletHub Rating
3.9
This card has been scored using WalletHub’s proprietary credit card rating system. We evaluated the card for various cardholder needs and picked the rating for the need most relevant to this page ("Earn Rewards"). The rating for this card may vary on other pages where a different need is used. A rating of 5 is the best a card can receive.
Editor’s Rating
3.0
User Reviews
3.9
Market Comparison
4.1
fees: 5.0
rewards: 3.5
cost: 4.5
Other Features: 0.0
Learn More
Purchase intro APR
0% for 15 billing cycles
Transfer intro APR
0% for 15 billing cycles for any balance transfers made in the first 60 days
Transfer Fee: 3% for 60 days from account opening, then 4%
Regular APR
18.24% - 28.24% Variable
Annual Fee
$0
Rewards Rate
1.5 points / $1
Bonus Offer
25,000 points
Accepted Credit
Excellent
Purchase intro APR
0% for 15 billing cycles
Transfer intro APR
0% for 15 billing cycles for any balance transfers made in the first 60 days
Transfer Fee: 3% for 60 days from account opening, then 4%
Regular APR
18.24% - 28.24% Variable
Annual Fee
$0
Rewards Rate
1.5 points / $1
Bonus Offer
25,000 points
Accepted Credit
Excellent
Editors’ Thoughts
Why We Like It: The Bank of America® Travel Rewards credit card for Students is the best Bank of America credit card for students because of its $0 annual fee, ongoing rewards rates of 1.5 points per $1, and sizable initial bonus. The Bank of America Travel Rewards for Students gives you 25,000 points for spending $1,000 within 90 days. That’s excellent for a student card.
What We Don’t Like: This card could have a high regular APR, and you currently need excellent credit to get approved for an account.
Who Should Get It: Consider applying for this card if you’re a student with excellent credit and enough income to afford monthly bill payments.
Pros, Cons & More Details
Pros
- No membership fees
- Low intro APR on purchases
- Low intro APR on balance transfers
- 25,000 points initial rewards bonus
Cons
- Balance transfer fee
- High regular APR
- Requires excellent credit
Rewards Details
- Earn unlimited 1.5 points per $1 spent on all purchases, with no annual fee and no foreign transaction fees and your points don't expire as long as your account remains open.
- 25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening - that can be a $250 statement credit toward travel purchases.
- Use your card to book your trip how and where you want - you're not limited to specific websites with blackout dates or restrictions.
- Redeem points for a statement credit to pay for travel or dining purchases, such as flights, hotel stays, car and vacation rentals, baggage fees, and also at restaurants including takeout.
Interest Rate Breakdown
| Balance | APY |
|---|
Additional Info
- 0% Intro APR for 15 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the Intro APR offer ends, a Variable APR that’s currently 18.24% - 28.24% will apply. A 3% Intro balance transfer fee will apply for the first 60 days your account is open. After the Intro balance transfer fee offer ends, the fee for future balance transfers is 4%.
- When handled responsibly, a credit card can help you build your credit history, which could be helpful when looking for an apartment, a car loan, and even a job. Access your FICO® Score for free within Online Banking or your Mobile Banking app.
- Contactless Cards - The security of a chip card, with the convenience of a tap.
- This online only offer may not be available if you leave this page or if you visit a Bank of America financial center. You can take advantage of this offer when you apply now.
Pros, Cons & Details
Best for Business
Best Bank of America Credit Card for Business
Bank of America® Business Advantage Travel Rewards World Mastercard® credit card
Bank of America® Business Advantage Travel Rewards World Mastercard® credit card
3.4WalletHub Rating
WalletHub Rating
3.4
This card has been scored using WalletHub’s proprietary credit card rating system. We evaluated the card for various cardholder needs and picked the rating for the need most relevant to this page ("Business - Earn Rewards"). The rating for this card may vary on other pages where a different need is used. A rating of 5 is the best a card can receive.
Editor’s Rating
3.7
User Reviews
3.1
Market Comparison
3.4
fees: 5.0
rewards: 3.1
cost: 3.4
Other Features: 0.0
Apply Now
Purchase intro APR
0% for 9 billing cycles
Regular APR
18.49% - 28.49% Variable
Annual Fee
$0
Rewards Rate
1.5 points / $1
Bonus Offer
30,000 points
Accepted Credit
Excellent
Purchase intro APR
0% for 9 billing cycles
Regular APR
18.49% - 28.49% Variable
Annual Fee
$0
Rewards Rate
1.5 points / $1
Bonus Offer
30,000 points
Accepted Credit
Excellent
Editors’ Thoughts
Why We Like It: The Bank of America® Business Advantage Travel Rewards World Mastercard® credit cardis the best Bank of America credit card for business because it has a $0 annual fee and very attractive rewards. In addition to an initial bonus of 30,000 points for spending $3,000 in the first 90 days, the Bank of America Travel Rewards Business Card gives you 1.5 points per $1 on purchases normally.
You even get to choose one of your bonus rewards categories for some added personalization.
What We Don’t Like: You need excellent credit personally to qualify for this business credit card.
Who Should Get It: You should consider applying for this card if you have excellent credit personally and the bonus rewards match up well with your company’s spending.
Pros, Cons & More Details
Pros
- No annual fee
- Intro APR on purchases
- High rewards rate
- 30,000 points initial rewards bonus
Cons
- No intro APR on balance transfers
- Balance transfer fee
- Requires excellent credit
Rewards Details
- Earn 30,000 online bonus points after you make at least $3,000 in purchases in the first 90 days of your account opening which can be redeemed for a $300 statement credit towards travel or dining purchases.
- Earn unlimited 1.5 points for every $1 spent, or join Preferred Rewards for Business for no fee, and earn up to an unlimited 2.62 points for every $1 spent on all purchases if you have a Bank of America® business checking account and qualify for Preferred Rewards for Business Platinum Honors tier.
- No limit to the amount of points you can earn and points don't expire as long as your account remains open.
- Choose how to redeem points for a statement credit to offset travel and dining purchases, travel with no blackout dates at the Bank of America® Travel Center, for cash back or gift cards.
Interest Rate Breakdown
| Balance | APY |
|---|
Additional Info
- No annual fee and no international transaction fees.
- 0% Introductory APR on purchases for your first 9 billing cycles. After the intro APR offer ends, a Variable APR that's currently 18.49% to 28.49% will apply.
- Contactless Cards - The security of a chip card, with the convenience of a tap.
- This offer may not be available if you leave this page or visit our website. You can take advantage of this offer when you apply now.
Pros, Cons & Details
WalletHub's Research
- Best Bank of America credit cards comparison
- How we picked the best Bank of America credit cards
- Sources
- About the author
- User questions & answers
Best Bank of America Credit Cards Comparison
The best BofA credit card for you depends on your credit standing as well as your spending and payment habits. To help you make the right decision for your wallet, we’ll summarize our editors’ best picks by category below. If you don’t know where your credit stands, you can check your latest credit score for free right here on WalletHub.
| Credit Card | Best For | Annual Fee | Editor's Rating |
| Bank of America® Premium Rewards® credit card | Overall | $95 | 4.8/5 |
| Bank of America® Unlimited Cash Rewards credit card | Cash Back | $0 | 4.6/5 |
| BankAmericard® credit card | 0% Intro APR | $0 | 4/5 |
| Bank of America® Customized Cash Rewards Secured Credit Card | RebuildingCredit | $0 | 4.5/5 |
| Bank of America® Travel Rewards credit card for Students | Students | $0 | 3/5 |
| Bank of America® Business Advantage Travel Rewards World Mastercard® credit card | Small Business | $0 | 3.7/5 |
How We Picked the Best Bank of America Credit Cards
WalletHub monitors the latest Bank of America credit cards, in addition to more than 1,500 other credit card offers, in order to help people find and get approved for the best credit card for their needs, whatever those needs may be. Given that many different types of people are in the market for a Bank of America credit card, our editors select the best options in a handful of popular usage categories.
In making our picks for the best Bank of America credit cards by category, we consider the terms and card features most important to the particular type of user or transaction in question. For example, when considering balance transfer credit cards, a card’s introductory balance transfer APR, balance transfer fee, regular APR and annual fee are most important. And we use those terms to calculate the expected cost of each card when used to pay down the average household credit card balance. With most rewards-based categories, on the other hand, we consider the average person’s expected net rewards earnings after two years of use, with annual fees factored in.
The particular parameters vary by category, but the bottom line is that we crunch the numbers to find you the best deal, based on two-year cost and other key WalletHub Rating components, so that you can maximize your savings with minimal effort.
How Two-Year Cost Is Calculated
Two-year cost is used to approximate the monetary value of cards for better comparison and is calculated by combining annual and monthly membership fees over two years, adding any one-time fees or other fees (like balance transfer fees), adding any interest costs, and subtracting rewards. Negative amounts indicate savings. When fees or other terms are presented as a range, we use the midpoint for scoring purposes.
Rewards bonuses and credits have been taken into account for two-year cost calculations. However, bonuses applicable to only a very small portion of cardholders are not considered. For example, credits and bonuses awarded for spending or redeeming rewards through a company portal with non-co-branded cards have not been taken into account. Similarly, bonuses and credits related to spending with specific merchants using a non-co-branded card have not been taken into account (for example, if Card A offers credits with DoorDash, this feature would not be factored into calculations because it is hard to assess how many cardholders would use the benefit or exactly how much value they'd get from it).
Cardholder Spending Profiles
Given that different users have different goals and are likely to use their credit cards differently, we identified spending profiles that are representative of different users’ financial priorities and behaviors. For each cardholder type, we have assumed a specific amount of monthly spending by purchase type (e.g., groceries, gas, etc.), as well as an average balance, balance transfer amount, amount spent on large purchases and average monthly payment. Spending assumptions are based on Bureau of Labor Statistics data for consumers and PEX data for businesses.
Sources
WalletHub actively maintains a database of 1,500+ credit card offers, from which we select the best Bank of America credit cards for different applicants as well as derive market-wide takeaways and trends. The underlying data is compiled from credit card company websites or provided directly by the credit card issuers. We also leverage data from the Bureau of Labor Statistics to develop cardholder profiles, used to estimate cards’ potential savings.
About the author
John S Kiernan
John Kiernan has covered the credit card industry for more than 15 years as a writer and editor for WalletHub. His work has been featured by major media outlets such as The Washington Post, Fox News and The New York Times and has been cited by industry regulators such as the Consumer Financial Protection Bureau.
Twitter Email Full Bio
Best Bank of America Credit Cards FAQ
Finding the best credit card can be tough. But you’ve got the knowledgeable WalletHub community on your side. We encourage everyone to share their knowledge while respecting our content guidelines. Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not the financial institution’s responsibility to ensure all posts and questions are answered. WalletHub independently collected information for some of the cards on this page.
Most Popular
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Upvotes
What credit score do you need for a Bank of America credit card?
Reply
25
Evelyn Boros, Credit Cards Moderator
@evelyn_boros
You need a credit score of 750 or higher for the best Bank of America credit card offers, though other options are available for people with lower scores.For example, it is possible to get approved for certain Bank of America credit cards even if you have bad credit.
Bank of America Credit Score Requirements by Card
Card: | Minimum Credit Score: | Minimum Credit: |
Bank of America® Customized Cash Rewards Secured Credit Card | 300+ | Bad credit |
Bank of America® Unlimited Cash Rewards Secured Credit Card | 300+ | Bad credit |
BankAmericard® Secured Credit Card | 300+ | Bad credit |
Bank of America® Travel Rewards credit card for Students | 750+ | Excellent credit |
Bank of America® Unlimited Cash Rewards credit card for Students | 750+ | Excellent credit |
Bank of America® Customized Cash Rewards credit card for Students | 750+ | Excellent credit |
Bank of America® Premium Rewards® credit card | 750+ | Excellent credit |
BankAmericard® credit card | 750+ | Excellent credit |
Bank of America® Travel Rewards credit card | 750+ | Excellent credit |
Bank of America® Customized Cash Rewards credit card | 750+ | Excellent credit |
Bank of America® Unlimited Cash Rewards credit card | 750+ | Excellent credit |
Bank of America® Premium Rewards® Elite Credit Card | 750+ | Excellent credit |
Keep in mind that it's best to wait and only apply for a given card after you meet the credit score requirement. You can check your credit score for free on WalletHub.
You should also note that while your credit score is an important factor, there are plenty of other things that will impact your chances of being approved for a Bank of America credit card, too. Some other key criteria include your income, existing debt load, number of open accounts, recent credit inquiries, employment status, and housing status.
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21
Upvotes
How hard is to get a Bank of America credit card?
Reply
21
Sydney Garth, Credit Cards Moderator
@sydneygarth
It is not very hard to get a Bank of America credit card because the issuer offers cards for people with bad credit or better. One of the easiest credit cards to get from Bank of America is the Bank of America® Customized Cash Rewards Secured Credit Card. The card is available to applicants with bad credit. Depending on your credit score, you may be able to qualify for other Bank of America credit cards, too.
Minimum Credit Score for Notable Bank of America Credit Cards
- Bank of America® Customized Cash Rewards Secured Credit Card: Bad...
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24
Upvotes
What will my Bank of America credit card limit be?
Reply
24
Bogdan Roberts, Credit Cards Moderator
@bogdan_roberts
YourBank of America credit cardlimit will be based on your credit standing once your application has been approved. The lowest credit limit Bank of America would approve a card for is $200, which is the minimum deposit requirement for the BankAmericard® Secured Credit Card. Other Bank of America credit limits could start out much higher. The Bank of America® Premium Rewards® credit card, for instance, offers a $1,500 minimum credit limit for approved applicants.
Your actual credit limit will be determined based on your credit standing and income, among...
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31
Upvotes
What are my Bank of America credit card approval odds?
Reply
31
Bogdan Roberts, Credit Cards Moderator
@bogdan_roberts
Your Bank of America credit card approval odds are high if you have a credit score of 750 or higher in most cases. This means Bank of America credit cards usually requireexcellent creditfor approval. You can also check forBank of America pre-approvalto get a better sense of your approval odds.
The Bank of America credit card with the highest approval odds is the Bank of America Custom Cash Secured Card, which you can get with bad credit. If you're in college, you may get...
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8
Upvotes
What is the Bank of America credit card minimum payment?
Reply
8
Paul Kessler, WalletHub Credit Card Analyst
@p.kessler
The Bank of America credit card minimum payment is either $35 or 1% of your balance plus interest and any late fees, whichever is greater. If your total balance is less than $35, your Bank of America credit card minimum payment is the entire amount. All Bank of America credit cards use the same minimum payment structure.
If you want to know the exact amount of your Bank of America credit card minimum payment, you can find it...
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22
Upvotes
What kind of card is Bank of America?
Reply
22
Chip Lupo, Credit Card Writer
@CLoop
Bank of America cards are credit cards and debit cards on the Visa or Mastercard network. For example, the Bank of America® Customized Cash Rewards credit card is a Visa card for people with excellent credit that offers 1 - 3% cash back on purchases.
Examples of Bank of America Credit Cards
- Rewards card with introductory APR:Bank of America® Customized Cash Rewards credit cardBank of America® Customized Cash Rewards credit cardLearn MoreLearn More
- Balance Transfer Card:BankAmericard® credit cardBankAmericard® credit cardLearn MoreLearn More
- Students Card:Bank of America® Travel Rewards credit card for StudentsBank of America® Travel Rewards credit card for StudentsLearn MoreLearn More
- Secured Card:Bank of America® Unlimited Cash Rewards Secured Credit CardBank of America® Unlimited Cash Rewards Secured Credit CardLearn MoreLearn More
You can learn more about the various types of credit cards on WalletHub.
Bank of America Debit Cards
Bank of America debit cards allow you to access money from a checking account...
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5
Upvotes
What are the benefits of Bank of America credit cards?
Reply
5
Cameron DiGiovanni, Writer
@cdigiovanni20
The benefits of Bank of America credit cards include several types of travel insurance, purchase protection, and up to $200 in travel credits. These benefits are mostly found on the top-tier Bank of America credit cards, though many more Bank of America credit cards have contactless chip technology and zero liability fraud protection. To know which perks are included on a specific card, you'll need to call customer service at 1-800-732-9197 or check the Bank...
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27
Upvotes
What is the best Bank of America credit card with a $200 bonus offer?
Reply
27
Keyaira Sutton, WalletHub Analyst
@keykey
The best Bank of America credit cardwith a $200 bonus offer is the Bank of America® Customized Cash Rewards credit card. This card offers $200 for spending $1,000 in the first 90 days after opening the account. Plus, you can earn 1 - 3% cash back on purchases. The card's annual fee is $0.
Best Bank of America Credit Cards With a $200 Bonus in 2024
- Best Overall:Bank of America® Customized Cash Rewards credit cardBank of America® Customized Cash Rewards credit cardLearn MoreLearn More
Initial bonus: $200 for spending $1,000 in the first 90 days
Ongoing rewards: 3% cash back in a category of your choice and 2% back at grocery stores and wholesale clubs (up to $2,500 spent quarterly), plus unlimited 1% cash back on all other purchases
Annual fee: $0
Credit requirement: Excellent credit
- Unlimited Cash Back:Bank of America® Unlimited Cash Rewards credit cardBank of America® Unlimited Cash Rewards credit cardLearn MoreLearn More
Initial bonus: $200 online cash rewards for spending $1,000 in the first 90 days
Ongoing rewards: 1.5% cash back on all purchases
...
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25
Upvotes
How do I check my Bank of America credit card status?
Reply
25
WalletHub
@WalletHub
You can check your Bank of America credit card status either online or over the phone, by calling customer service at (866) 422-8089.
In order to see whether your application is approved, denied or still pending, you'll need to give some basic personal information like your zip code and the last four digits of your Social Security number. This ensures that Bank of America can match you to your application. You can check your application...
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Upvotes
How much are Bank of America points worth?
Reply
4
Maria Adams, Credit Cards Moderator
@m_adams
Bank of America rewards points are worth up to 1 cent per point. The exact ammount depends on which BofA rewards card you have and how you redeem the points.
For example, points from the Bank of America® Travel Rewards credit card are worth $0.01 each when redeemed for travel credits (1,000 points = $10). They're worth $0.006 per point (1,000 points = $6) when redeemed for cash, and gift card redemption values vary.
Meanwhile, all points earned with...
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