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A FICO score/credit score is used to represent the creditworthiness of a person and may be one indicator to the credit type you are eligible for. However, credit score alone does not guarantee or imply approval for any financial product.
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Best for travel beginners
Bankrate score
4.1
Our writers, editors and industry experts score credit cards based on a variety of factors including card features, bonus offers and independent research. Credit card issuers have no say or influence on how we rate cards.
Bankrate review
Recommended credit score:(670 - 850)
A FICO score/credit score is used to represent the creditworthiness of a person and may be one indicator to the credit type you are eligible for. However, credit score alone does not guarantee or imply approval for any financial product.
on
Bank of America
's secure site
Intro offer
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.
25,000 points
Rewards rate
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.
1.5X
Annual fee
$0
Regular APR
19.24% - 29.24% Variable APR on purchases and balance transfers
Why you'll like this: Its flat rewards rate doesn’t limit you to earning rewards only in certain categories or when you book via specific travel portals.
Best for category variety
Bankrate score
4.1
Our writers, editors and industry experts score credit cards based on a variety of factors including card features, bonus offers and independent research. Credit card issuers have no say or influence on how we rate cards.
Bankrate review
Recommended credit score:(670 - 850)
A FICO score/credit score is used to represent the creditworthiness of a person and may be one indicator to the credit type you are eligible for. However, credit score alone does not guarantee or imply approval for any financial product.
on
Bank of America
's secure site
Intro offer
$200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening.
$200
Rewards rate
Earn 3% cash back in the category of your choice (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases). Earn automatic 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases). Earn unlimited 1% on all other purchases.
1% - 3%
Annual fee
$0
Regular APR
19.24% - 29.24% Variable APR on purchases and balance transfers
Why you'll like this: This is a no-annual-fee card that maximizes rewards by letting you choose the category for the 3 percent rewards once a month.
BEST BANK OF AMERICA BUSINESS CARD
Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card
*The information about the Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card has been collected independently by Bankrate.com. The card details have not been reviewed or approved by the card issuer.
Bankrate score
3.8
Our writers, editors and industry experts score credit cards based on a variety of factors including card features, bonus offers and independent research. Credit card issuers have no say or influence on how we rate cards.
Bankrate review
Recommended credit score:(740 - 850)
A FICO score/credit score is used to represent the creditworthiness of a person and may be one indicator to the credit type you are eligible for. However, credit score alone does not guarantee or imply approval for any financial product.
Intro offer
Get a $300 online statement credit after you make at least $3,000 in purchases in the first 90 days of your account opening.
$300
Rewards Rate
Earn 3% cash back in the category of your choice (for the first $50,000 in combined choice category/dining purchases each calendar year, 1% thereafter). Earn 2% cash back on dining purchases (for the first $50,000 in combined choice category/dining purchases each calendar year, 1% thereafter). Earn 1% cash back on all other purchases.
1% - 3%
Annual fee
$0
Regular APR
18.49% - 28.49% Variable APR on purchases and balance transfers
Best for savers
Bankrate score
4.3
Our writers, editors and industry experts score credit cards based on a variety of factors including card features, bonus offers and independent research. Credit card issuers have no say or influence on how we rate cards.
Bankrate review
Recommended credit score:(670 - 850)
A FICO score/credit score is used to represent the creditworthiness of a person and may be one indicator to the credit type you are eligible for. However, credit score alone does not guarantee or imply approval for any financial product.
on
Bank of America
's secure site
Intro offer
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.
60,000 points
Rewards rate
Earn unlimited 2 points for every $1 spent on travel and dining purchases. Earn unlimited 1.5 points for every $1 spent on all other purchases.
1.5X - 2X
Annual fee
$95
Regular APR
21.24% - 29.24% Variable APR on purchases and balance transfers
Why you'll like this: This travel card may easily offset its annual fee with an annual airline incidental credit that can cover fees for checked bags, flight changes and more.
Best for cash back
Bankrate score
3.8
Our writers, editors and industry experts score credit cards based on a variety of factors including card features, bonus offers and independent research. Credit card issuers have no say or influence on how we rate cards.
Bankrate review
Recommended credit score:(670 - 850)
A FICO score/credit score is used to represent the creditworthiness of a person and may be one indicator to the credit type you are eligible for. However, credit score alone does not guarantee or imply approval for any financial product.
on
Bank of America
's secure site
Intro offer
$200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening.
$200
Rewards rate
Earn unlimited 1.5% cash back on all purchases.
1.5%
Annual fee
$0
Regular APR
19.24% - 29.24% Variable APR on purchases and balance transfers
Why you'll like this: This flat-rate card streamlines earning rewards while still having benefits like intro APR offers for purchases and balance transfer with no annual fee.
Best for Alaska Airlines perks
Bankrate score
4.5
Our writers, editors and industry experts score credit cards based on a variety of factors including card features, bonus offers and independent research. Credit card issuers have no say or influence on how we rate cards.
Bankrate review
Recommended credit score:(670 - 850)
A FICO score/credit score is used to represent the creditworthiness of a person and may be one indicator to the credit type you are eligible for. However, credit score alone does not guarantee or imply approval for any financial product.
on
Bank of America
's secure site
Intro offer
50,000 bonus miles plus buy one ticket, get one for just the taxes and fees ($0 fare plus taxes and fees from $23) with this offer. To qualify, make $3,000 or more in purchases within the first 90 days of opening your account.
Buy One, Get One + 50,000 Bonus Miles!
Rewards rate
Earn unlimited 3 miles for every $1 spent on eligible Alaska Airlines purchases. Earn unlimited 2 miles for every $1 spent on eligible gas, EV charging station, cable, streaming services and local transit (including ride share) purchases. Earn unlimited 1 mile per $1 spent on all other purchases.
1 mile - 3 miles
Annual fee
$95
Regular APR
21.24% - 29.24% Variable APR on purchases and balance transfers
Why you'll like this: Its annual companion fare perk is among the most valuable benefits you can get on a mid-tier airline card.
Best for students
Bankrate score
3.9
Our writers, editors and industry experts score credit cards based on a variety of factors including card features, bonus offers and independent research. Credit card issuers have no say or influence on how we rate cards.
Bankrate review
Recommended credit score:(670 - 850)
A FICO score/credit score is used to represent the creditworthiness of a person and may be one indicator to the credit type you are eligible for. However, credit score alone does not guarantee or imply approval for any financial product.
on
Bank of America
's secure site
Intro offer
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.
25,000 points
Rewards Rate
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.
1.5X
Annual fee
$0
Regular APR
19.24% - 29.24% Variable APR on purchases and balance transfers
Why you'll like this: It's a rare combination that rewards student travelers and provides a pathway to upgrade to a standard Bank of America card after graduation.
Best for balance transfers
BankAmericard® credit card
*The information about the BankAmericard® credit card has been collected independently by Bankrate.com. The card details have not been reviewed or approved by the card issuer.
Bankrate score
4.8
Our writers, editors and industry experts score credit cards based on a variety of factors including card features, bonus offers and independent research. Credit card issuers have no say or influence on how we rate cards.
Bankrate review
Recommended credit score:(670 - 850)
A FICO score/credit score is used to represent the creditworthiness of a person and may be one indicator to the credit type you are eligible for. However, credit score alone does not guarantee or imply approval for any financial product.
Balance transfer intro APR
0% Intro APR for 18 billing cycles for any BTs made in the first 60 days. A fee of 3% for 60 days from account opening, then 4% will apply.
Regular APR
16.24% - 26.24% Variable APR on purchases and balance transfers
Rewards rate
N/A
Annual fee
$0
Why you'll like this: This card focuses on lowering debt by having a long balance transfer period and keeping costs low with no annual fee.
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* The information about the Bank of America® Customized Cash Rewards Credit Card for Students has been collected independently by Bankrate.com. The card details have not been reviewed or approved by the card issuer.
Compare Bankrate's best Bank of America credit cards
| Card Name | Our pick for | APR | Bankrate Review Score |
|---|---|---|---|
 | Travel experiences | Regular APR: 19.24% - 29.24% Variable APR on purchases and balance transfers | 4.1 / 5 Our writers, editors and industry experts score credit cards based on a variety of factors including card features, bonus offers and independent research. Credit card issuers have no say or influence on how we rate cards. (Read card review) on Bank of America's secure site |
 | Customizable category | Regular APR: 19.24% - 29.24% Variable APR on purchases and balance transfers | 4.1 / 5 Our writers, editors and industry experts score credit cards based on a variety of factors including card features, bonus offers and independent research. Credit card issuers have no say or influence on how we rate cards. (Read card review) on Bank of America's secure site |
 | Business | Regular APR: 18.49% - 28.49% Variable APR on purchases and balance transfers | |
 | Savers | Regular APR: 21.24% - 29.24% Variable APR on purchases and balance transfers | 4.3 / 5 Our writers, editors and industry experts score credit cards based on a variety of factors including card features, bonus offers and independent research. Credit card issuers have no say or influence on how we rate cards. (Read card review) on Bank of America's secure site |
 | Cash back | Regular APR: 19.24% - 29.24% Variable APR on purchases and balance transfers | 3.8 / 5 Our writers, editors and industry experts score credit cards based on a variety of factors including card features, bonus offers and independent research. Credit card issuers have no say or influence on how we rate cards. (Read card review) on Bank of America's secure site |
 | Alaska Airlines perks | Regular APR: 21.24% - 29.24% Variable APR on purchases and balance transfers | 4.5 / 5 Our writers, editors and industry experts score credit cards based on a variety of factors including card features, bonus offers and independent research. Credit card issuers have no say or influence on how we rate cards. (Read card review) on Bank of America's secure site |
 | Students | Regular APR: 19.24% - 29.24% Variable APR on purchases and balance transfers | 3.9 / 5 Our writers, editors and industry experts score credit cards based on a variety of factors including card features, bonus offers and independent research. Credit card issuers have no say or influence on how we rate cards. (Read card review) on Bank of America's secure site |
 | Balance transfers | Regular APR: 16.24% - 26.24% Variable APR on purchases and balance transfers |
On This Page
On This Page
- Types of Bank of America credit cards
- Bank of America Preferred Rewards program
- Expert advice for Bank of America cards
- How we assess the best Bank of America credit cards
- Frequently asked questions
Types of Bank of America credit cards
The most popular types of credit cards from Bank of America are travel credit cards, cash back credit cards and business credit cards. Bank of America offers an array of options in these categories, with many competitive cards worth consideration.
Our data: What credit score do you need for a Bank of America card?
Your credit score plays a significant role in determining your approval odds for the best credit cards, as it reflects your creditworthiness and ability to manage credit responsibly.
We looked at our proprietary data to see what types of user applied for Bank of America credit cards on our site in2023 and early 2024. We found that more users with excellent credit were approved for Bank of America cards on our pages than users with good or fair credit scores. While this is an expected outcome, the difference in approvals can be steep.
Out of all users, 56 percent of approvals were to those with excellent credit, 31 percent of those with good credit were approved and only 10 percent of those approved for Bank of America cards had fair credit. These approval rates are similarly reflected across the cards’ individual approval rates as well.
For example, out of all the Bankrate readers approved for the Bank of America® Customized Cash Rewards credit card in 2023, 86 percent had good or excellent credit (52 percent with excellent credit, 34 percent with good credit). It makes sense, then, that while it’s possible to get approved for this card without the very best credit score, Bank of America recommends a good or excellent credit score for better chances.
The only card closer in margin for approval rates is BankAmericard. Based on Bankrate’s data, 79 percent of approved applicants had good or excellent credit (39 percent had excellent credit, 40 percent had good credit). While this is a large portion, 21 percent of applicants with fair credit were approved, which is twice as much as the other cards on this list.
As our data shows, top-tier credit cards often have stringent approval requirements, with a strong emphasis on a high credit score for eligibility. While this doesn’t guarantee you’ll get it with a credit score greater than 800, your chances are far better.
Not sure what your approval odds are? Bankrate’s CardMatch tool can give you recommendations based on your profile to help you find credit cards you have the highest chance of qualifying for.
Bank of America Preferred Rewards program
The Bank of America Preferred Rewards program rewards Bank of America customers for their loyalty and banking relationships. By enrolling in the Preferred Rewards program, eligible Bank of America customers can receive various benefits and perks based on their combined balances across Bank of America deposit and investment accounts. Here are some key details about the Bank of America Preferred Rewards program:
- Increased rewards: One of the key benefits of the Preferred Rewards program is the opportunity to earn additional rewards on Bank of America credit cards. Depending on the tier (Gold, Platinum, or Platinum Honors) and the type of credit card, clients can receive bonuses ranging from 25 percent to 75 percent on all eligible credit card rewards.
- Interest rate boost: Another advantage of the program is the potential to earn a higher interest rate on savings accounts and certificates of deposit (CDs). Clients in the Preferred Rewards program can enjoy a boost in interest rates, helping their savings grow faster.
- Discounts and benefits: Preferred Rewards members may also be eligible for discounts on certain Bank of America products and services, such as mortgage origination fees and safe deposit box rentals. Additionally, clients can receive special offers and benefits based on their Preferred Rewards status.
- Waived fees: Depending on the tier in the Preferred Rewards program, clients may have certain fees waived, such as fees for insufficient funds, check orders or non-Bank of America ATM transactions.
Bank of America Preferred Rewards tiers
The Bank of America Preferred Rewards program offers various benefits for people who maintain qualifying account balances, including enhanced rewards. Here are Bank of America’s program tiers and the credit card rewards boost you can get.
To qualify for the Gold tier in the Preferred Rewards program and get a 25 percent boost to your credit card rewards rates, you need to maintain a combined balance of $20,000 to $49,999 across eligible accounts.*
| Eligible Bank of America Card | Base Rewards Rate | With Gold Tier Boost |
|---|---|---|
| Bank of America® Customized Cash Rewards | 3% in an eligible category of choice**, 2% in grocery stores and wholesale clubs** and 1% for other eligible purchases | 3.75% in an eligible category of choice**, 2.5% in dining** and 1.25% for other eligible purchases |
| Bank of America® Unlimited Cash Rewards | Unlimited 1.5% cash back on all purchases | Unlimited 1.875% cash back on all purchases |
| Bank of America® Premium Rewards® | 2X points on travel and dining, 1X points on general purchases | 2.5X points on travel and dining, 1.25X points on general purchases |
Maintaining a three-month combined balance of $20,000 to $49,999 across eligible accounts qualifies you for the Platinum tier and a 50 percent rewards bonus on personal Bank of America credit card rewards rates.*
| Eligible Bank of America Card | Base Rewards Rate | With Platinum Tier Boost |
|---|---|---|
| Bank of America® Customized Cash Rewards | 3% in an eligible category of choice**, 2% in grocery stores and wholesale clubs** and 1% for other eligible purchases | 4.5% in an eligible category of choice**, 3% in dining** and 1.5% for other eligible purchases |
| Bank of America® Unlimited Cash Rewards | Unlimited 1.5% cash back on all purchases | Unlimited 2.25% cash back on all purchases |
| Bank of America® Premium Rewards® | 2X points on travel and dining, 1X points on general purchases | 3X points on travel and dining, 1.5X points on general purchases |
The Platinum Honors tier requires maintaining a three-month combined balance of $100,000 to $1 million across qualifying accounts for a 75 percent boost to credit card rewards rates.*
| Eligible Bank of America Card | Base Rewards Rate | With Platinum Honors Tier Boost |
|---|---|---|
| Bank of America® Customized Cash Rewards | 3% in an eligible category of choice**, 2% in grocery stores and wholesale clubs** and 1% for other eligible purchasesUnlimited 1.5% cash back on all purchases | 3.25% in an eligible category of choice**, 3.5% in dining** and 1.75% for other eligible purchasesUnlimited 2.625% cash back on all purchases |
| Bank of America® Unlimited Cash Rewards | Unlimited 1.5% cash back on all purchases | Unlimited 2.625% cash back on all purchases |
| Bank of America® Premium Rewards® | 2X points on travel and dining, 1X points on general purchases | 3.5X points on travel and dining, 1.75X points on general purchases |
As the highest rewards level of the Preferred Rewards program, the Diamond tier requires a combined balance of $1 million or more in qualifying accounts for the same 75 percent boost to rewards rates that you get with the Platinum Honors tier.
| Eligible Bank of America Card | Base Rewards Rate | With Diamond Tier Boost |
|---|---|---|
| Bank of America® Customized Cash Rewards | 3% in an eligible category of choice**, 2% in grocery stores and wholesale clubs** and 1% for other eligible purchases | 3.25% in an eligible category of choice**, 3.5% in dining** and 1.75% for other eligible purchases |
| Bank of America® Unlimited Cash Rewards | Unlimited 1.5% cash back on all purchases | Unlimited 2.625% cash back on all purchases |
| Bank of America® Premium Rewards® | 2X points on travel and dining, 1X points on general purchases | 3.5X points on travel and dining, 1.75X points on general purchases |
*Based on a three-month combined average daily balance in qualifying Bank of America deposit accounts and/or Merrill® investment accounts
**Categories eligible for 3 percent back include gas and EV charging stations; online shopping, including cable, internet, phone plans and streaming; dining; travel; drug stores and pharmacies; or home improvement and furnishings. Earn 3 percent and 2 percent cash back on the first $2,500 in combined choice category/grocery store/wholesale club purchases each quarter, then earn 1 percent.
Bankrate’s take:In the U.S., the mean value of transaction accounts — which include checking, savings and money market accounts — is $8,000, according to the Federal Reserve’s latest report on family finances. While this isn’t enough to qualify for the Gold tier, investment accounts you have with Merrill may also count toward your overall balances.
Expert advice for Bank of America cards
Check out ways you can maximize your Bank of America credit card and prevent common mistakes.
Still unsure if a Bank of America credit card is right for you? Check out our Credit Card Spender Type Tool to get personalized credit card recommendations based on your credit score, spending habits and daily needs.
Here’s how this Bankrate expert uses his Bank of America cards
When on the search for a new credit card, Bankrate writer Ryan Flanigan turned to Bank of America for its exceptional rewards program and top-notch credit cards. With a keen eye for maximizing benefits, Ryan chose Bank of America credit cards that aligned perfectly with his spending habits and financial goals.
"Bank of America gave me excellent incentives to apply for its credit cards. My Premium Rewards and Customized Cash cards earn great rates on purchases and work well as a tandem. I will always maximize the flexible bonus category limits on my Customized Cash, and use my Premium Rewards to cover most other purchases. My Premium Rewards also gives me solid credits every year and is my primary card when traveling abroad.
To sweeten the deal, by moving my savings to Bank of America, I was able to qualify for elevated status in the Preferred Rewards program, which raised the earning rates on my cards even further. With these higher rates, one of these two cards is almost always the best choice for my everyday spending."
— Ryan Flanigan, Writer, Credit Cards
How we assess the best Bank of America credit cards
250+
cards rated
50+
rewards programs valued
5000
data points analyzed
40+
perks evaluated
When evaluating the best credit cards from Bank of America, we take into account several factors, including how cards score in our proprietary card rating system and whether they offer features that fit the priorities of a diverse group of cardholders, from earning rewards to scoring a large sign-up bonus to saving on interest.
Our rating database covers over 250 of the most popular credit cards, allowing us to compare the quality of various Bank of America cards to each other and to cards in the same category from other issuers. We scored each card based on the factors most relevant to its primary category, including its rewards rate, estimated annual earnings, intro APR period, ongoing APR, perks and more to determine whether it belonged in this month’s roundup.
Here’s a look at how our card ratings are distributed as of August 2024, as well as some of the key factors that we considered in selecting this month’s best Bank of America cards.
5
Rating: 5 stars out of 5
Overall Score
5 stars2%
4 - 4.9 stars35%
3 - 3.9 stars39%
2 - 2.9 stars22%
1 - 1.9 stars2%
Have more questions for our credit cards editors? Feel free to send us an email, find us on Facebook, or Tweet us @Bankrate.
Frequently asked questions about Bank of America credit cards
Courtney MihocikArrow RightSenior Editor, Credit Cards
Courtney Mihocik is an editor at Bankrate Credit Cards and CreditCards.com specializing in credit card news and personal finance advice. Previously, she led insurance content at…
* See the online application for details about terms and conditions for these offers. Every reasonable effort has been made to maintain accurate information. However all credit card information is presented without warranty. After you click on the offer you desire you will be directed to the credit card issuer's web site where you can review the terms and conditions for your selected offer.
Editorial Disclosure: Opinions expressed here are the author’s alone, and have not been reviewed or approved by any advertiser. The information, including card rates and fees, is accurate as of the publish date. All products or services are presented without warranty. Check the bank’s website for the most current information.
