Bank Of America Credit Card Consolidation Loan

5 Best Bank of America Credit Cards for Rewards and Benefits

The Importance of Choosing the Right Credit Card

Hello Friends! When it comes to managing your finances, choosing the right credit card can make all the difference. A credit card can help you build credit, earn rewards, and even save you money. However, with so many options out there, it can be overwhelming to decide which card is right for you. That’s why we have done the research and rounded up the top 5 Bank of America credit cards for rewards and benefits.

1. Bank of America Cash Rewards Credit Card

The Bank of America Cash Rewards credit card is a popular choice for those who want to earn cash back on everyday purchases. With this card, you can earn 3% cash back in a category of your choice, 2% cash back at grocery stores and wholesale clubs, and 1% cash back on all other purchases.

One of the great things about this card is that you can change your 3% category once a month, which allows you to maximize your rewards. Additionally, if you are a Bank of America Preferred Rewards member, you can earn even more cash back.

Benefits:

  1. 3% cash back in a category of your choice
  2. 2% cash back at grocery stores and wholesale clubs
  3. 1% cash back on all other purchases
  4. Option to change your 3% category once a month
  5. Earn even more cash back as a Bank of America Preferred Rewards member
  6. No annual fee

Drawbacks:

  • Foreign transaction fee of 3%
  • Cash back is capped at $2,500 per quarter on the 3% and 2% categories
Conclusion:

The Bank of America Cash Rewards credit card is a great option for those who want to earn cash back on everyday purchases. With the ability to change your 3% category and earn even more cash back as a Bank of America Preferred Rewards member, this card is definitely worth considering.

2. Bank of America Travel Rewards Credit Card

The Bank of America Travel Rewards credit card is perfect for those who love to travel. With this card, you can earn 1.5 points for every dollar spent on purchases. These points can then be redeemed for travel statement credits, gift cards, or cash.

One of the benefits of this card is that there are no blackout dates or restrictions on the flights or hotels you can book. Additionally, if you are a Bank of America Preferred Rewards member, you can earn even more points.

Benefits:

  1. Earn 1.5 points for every dollar spent on purchases
  2. No blackout dates or restrictions on flights or hotels
  3. Points can be redeemed for travel statement credits, gift cards, or cash
  4. Earn even more points as a Bank of America Preferred Rewards member
  5. No annual fee

Drawbacks:

  • Foreign transaction fee of 3%
  • No introductory 0% APR offer on purchases or balance transfers
Conclusion:

If you love to travel, the Bank of America Travel Rewards credit card is a great option. With no blackout dates or restrictions, and the ability to earn points on every purchase, this card can help you save money on your next vacation.

3. Bank of America Premium Rewards Credit Card

The Bank of America Premium Rewards credit card is a premium card that comes with a higher annual fee, but also offers more rewards and benefits. With this card, you can earn 2 points for every dollar spent on travel and dining purchases, and 1.5 points for every dollar spent on all other purchases.

One of the standout benefits of this card is the $100 airline incidental statement credit each calendar year, which can be used for baggage fees, lounge access, and more. Additionally, if you are a Bank of America Preferred Rewards member, you can earn even more points.

Benefits:

  1. Earn 2 points for every dollar spent on travel and dining purchases
  2. Earn 1.5 points for every dollar spent on all other purchases
  3. $100 airline incidental statement credit each calendar year
  4. Points can be redeemed for travel statement credits, gift cards, or cash
  5. Earn even more points as a Bank of America Preferred Rewards member
  6. No foreign transaction fees

Drawbacks:

  • Higher annual fee compared to other Bank of America credit cards
  • No intro APR offer on purchases or balance transfers
  • Must redeem rewards for travel statement credits, gift cards, or cash
Conclusion:

If you are looking for a premium credit card that offers more rewards and benefits, the Bank of America Premium Rewards credit card is a great option. With the ability to earn 2 points for every dollar spent on travel and dining, as well as a $100 airline incidental statement credit each calendar year, this card can help you travel in style.

4. Bank of America Business Advantage Cash Rewards Mastercard

The Bank of America Business Advantage Cash Rewards Mastercard is a great option for small business owners who want to earn cash back on their business expenses. With this card, you can earn 3% cash back on purchases at gas stations and office supply stores, 2% cash back at restaurants, and 1% cash back on all other purchases.

Additionally, if you are a Bank of America Preferred Rewards for Business member, you can earn even more cash back.

Benefits:

  1. Earn 3% cash back on purchases at gas stations and office supply stores
  2. Earn 2% cash back at restaurants
  3. Earn 1% cash back on all other purchases
  4. Earn even more cash back as a Bank of America Preferred Rewards for Business member
  5. No annual fee
  6. Introductory 0% APR on purchases for 9 billing cycles

Drawbacks:

  • Foreign transaction fee of 3%
  • Cash back is capped at $250,000 in combined gas station and office supply store purchases each calendar year
Conclusion:

For small business owners, the Bank of America Business Advantage Cash Rewards Mastercard is a great option for earning cash back on business expenses. With the ability to earn 3% cash back on purchases at gas stations and office supply stores, and 2% cash back at restaurants, this card can help you save money on your business expenses.

5. Bank of America Travel Rewards for Students

If you are a student who loves to travel, the Bank of America Travel Rewards for Students credit card is a great option. With this card, you can earn 1.5 points for every dollar spent on purchases. These points can then be redeemed for travel statement credits, gift cards, or cash.

One of the benefits of this card is that there are no blackout dates or restrictions on the flights or hotels you can book. Additionally, if you are a Bank of America Preferred Rewards member, you can earn even more points.

Benefits:

  1. Earn 1.5 points for every dollar spent on purchases
  2. No blackout dates or restrictions on flights or hotels
  3. Points can be redeemed for travel statement credits, gift cards, or cash
  4. Earn even more points as a Bank of America Preferred Rewards member
  5. No annual fee

Drawbacks:

  • Foreign transaction fee of 3%
  • No intro APR offer on purchases or balance transfers
Conclusion:

For students who love to travel, the Bank of America Travel Rewards for Students credit card is a great option. With the ability to earn points on every purchase and redeem those points for travel statement credits, gift cards, or cash, this card can help you save money on your next adventure.

Choose Wisely for Maximum Benefits

When it comes to choosing a credit card, it is important to weigh the benefits and drawbacks of each option. Consider your spending habits and the rewards you are most likely to use before making a decision. And remember, being a Bank of America Preferred Rewards member can help you maximize your rewards even further.

We hope this article has helped you narrow down your options and choose the credit card that is right for you. Thanks for reading, and we look forward to seeing you in our next article!

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