Bank Of America Credit Card Bonus Points

Hello Friends, Let’s Explore Bank of America Credit Card Options!

Introduction

Credit cards have become an indispensable financial tool for most people, as they offer convenience, reliability, and security when making transactions. Bank of America, one of the largest banking institutions in the United States, offers a wide range of credit card options to cater to different customer needs. In this article, we will explore the various credit card options offered by Bank of America and highlight their features, benefits, and drawbacks.

Bank of America Cash Rewards Credit Card

One of the most popular credit card options offered by Bank of America is the Cash Rewards Credit Card. This card is an ideal option for those who use their credit cards frequently for everyday expenses like groceries, gas, and dining out. The card offers a cash back reward of 3% on purchases made at grocery stores and wholesale clubs, 2% cash back on purchases at gas stations, and 1% cash back on all other purchases. Additionally, the card offers a $200 cash rewards bonus to new cardholders after they make $1,000 in purchases within the first 90 days of opening the account.

The Bank of America Cash Rewards Credit Card has no annual fee and comes with a 0% introductory APR on purchases and balance transfers for the first 12 billing cycles. However, after the introductory period, the APR ranges from 13.99% to 23.99% depending on the applicant’s creditworthiness.

Pros

  • Generous cash back rewards for typical everyday expenses
  • No annual fee
  • 0% introductory APR on purchases and balance transfers for the first 12 billing cycles
  • $200 cash rewards bonus for new cardholders

Cons

  • High APR after the introductory period
  • The cash back rewards are limited to certain categories

Bank of America Travel Rewards Credit Card

Another popular credit card option offered by Bank of America is the Travel Rewards Credit Card. As the name suggests, this card is designed for those who frequently travel, whether for business or leisure. The card offers a generous 1.5 points for every dollar spent on purchases, which can be redeemed for travel expenses like flights, hotels, and rental cars. Additionally, the card offers a signup bonus of 25,000 points to new cardholders who make $1,000 in purchases within the first 90 days of opening the account.

The Bank of America Travel Rewards Credit Card has no annual fee and comes with a 0% introductory APR on purchases for the first 12 billing cycles. However, after the introductory period, the APR ranges from 13.99% to 23.99% depending on the applicant’s creditworthiness.

Pros

  • Generous rewards for travelers
  • No annual fee
  • 0% introductory APR on purchases for the first 12 billing cycles
  • Signup bonus of 25,000 points for new cardholders

Cons

  • The rewards can only be redeemed for travel expenses
  • The APR can be relatively high for some applicants

Bank of America Premium Rewards Credit Card

For those who want the ultimate credit card experience, Bank of America offers the Premium Rewards Credit Card. This card offers a wide range of benefits, including 2 points for every dollar spent on travel and dining purchases, and 1.5 points for every dollar spent on all other purchases. Additionally, the card offers a signup bonus of 50,000 points to new cardholders who make $3,000 in purchases within the first 90 days of opening the account.

The Bank of America Premium Rewards Credit Card has an annual fee of $95, which is relatively low compared to other premium credit cards. The card also comes with a $100 airline incidental statement credit each year, priority boarding, TSA PreCheck or Global Entry fee reimbursement, and no foreign transaction fees.

Pros

  • Generous rewards for travelers and diners
  • Signup bonus of 50,000 points for new cardholders
  • Relatively low annual fee
  • Complimentary benefits like TSA PreCheck or Global Entry fee reimbursement, and priority boarding

Cons

  • The card has an annual fee of $95
  • The rewards program may not be as versatile as other premium credit cards

Bank of America Business Advantage Cash Rewards Credit Card

For business owners, Bank of America offers the Business Advantage Cash Rewards Credit Card. This card is designed to help business owners earn cash back on purchases made for their business. The card offers 3% cash back on purchases made at gas stations and office supply stores, and 2% cash back on purchases made at restaurants. Additionally, the card offers a $300 statement credit for new cardholders who make $3,000 in purchases within the first 90 days of opening the account.

The Bank of America Business Advantage Cash Rewards Credit Card has no annual fee and comes with a 0% introductory APR on purchases and balance transfers for the first 9 billing cycles. However, after the introductory period, the APR ranges from 12.24% to 22.24% depending on the applicant’s creditworthiness.

Pros

  • Generous cash back rewards for typical business expenses
  • No annual fee
  • $300 statement credit for new cardholders
  • 0% introductory APR on purchases and balance transfers for the first 9 billing cycles

Cons

  • The cash back rewards are limited to certain categories
  • The APR can be relatively high for some applicants

Conclusion

In conclusion, Bank of America offers a wide range of credit card options to cater to different customer needs. Whether you are a frequent traveler, business owner, or just someone who wants to earn cash back rewards on everyday expenses, Bank of America has a credit card option for you. It is essential to carefully consider the features, benefits, and drawbacks of each card before you apply to ensure that you choose the card that best suits your needs. With the right Bank of America credit card in your wallet, you can enjoy the perks, rewards, and peace of mind that come with using a credit card from one of the most trusted names in banking.

Thank you for reading this article! Stay tuned for more exciting and informative articles.

Bank Of America Credit Card Bonus Points

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