Bank of America Cash Rewards credit card full review
If you would like to choose your cash back rewards categories, the Bank of America credit card can be the one for you. So, read our full review to learn more!
by Victória Lourenço
Bank of America Cash Rewards credit card
The Bank of America Cash Rewards credit card can be great for people who would like to choose their spending bonus categories. You can choose categories to earn 3% cash back rewards and to get 2% back at wholesale clubs and grocery stores. Even the card has a spending cap of $2,500 for combined categories, this can be a great cash back card for you. So, keep reading our full review of this rewarding Bank of America card!
How does the Bank of America Cash Rewards credit card work?
As a cardholder, you can get a $200 online cash back rewards bonus after spending at least $1,000 in the first 90 days after you have opened your account. Also, you can get a 3% cash back bonus in a category of your own choice, and you can get 2% back at grocery stores and wholesale clubs. However, when you choose a category to get these bonuses, you have a $2,500 spending cap.
Bank of America Cash Rewards Credit card benefits
- Get 3% cash back on spendings related to online purchases, travel, dining, gas, and others.
- No annual fee.
- You can choose your 3% categories one time every month.
- The rewards categories of 2% and 3% cash back have a $2,500 spending limit per quarter.
- The spending requirement to get the welcome bonus is a bit high.
- 3% foreign transactions fee.
Should you get a Bank of America Cash Rewards ?
This card has great cash back rewards, such as the 3% cash back in a category of your choice and 2% back at wholesale clubs and grocery stores. With this in mind, to get this card, you must be able to spend enough money to get this cash back amount. And also, you must know that there is a spending cap of $2,500 when you choose the combined categories. So, if you don’t mind the spending cap, you should consider getting this card.
How good does your credit score need to be?
To get this Bank of America credit card, you must have a very good score, from good to excellent. This means that your score should range from 690 to 850 points. So, if you want to get this great cash back credit card, you should improve your score if you do not have a qualifying one.
How to apply for a Bank of America Cash Rewards credit card?
It can be very straightforward to apply for this Bank of America card. You can easily make your application online. In the post below, we will show you some great information about how to apply for this credit card, so check it out!
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