Cash Back - Extra on Gas
| Initial Bonus $50 |
Base Earn 1% |
Max Earn 3% |
Earn / Redeem Limit No |
- Get a $50 cash back bonus after you make $100 in purchases within 60 days of account opening.
- Earn 1% cash back on every purchase, 2% on groceries and 3% on gas. The 2% cash back on grocery purchases and 3% cash back on gas purchases applies to the first $1500 in purchases in these combined categories each quarter categories. After that, the base 1% earn rate applies to those purchases.
- Receive a 10% customer bonus when you redeem rewards into a Bank of America® checking or savings account.
- Redeem rewards for a check, statement credit, direct deposit to a checking or savings account.
- Get redemptions starting at $25, with the capability to set up automatic redemption.
- Rewards don't expire.
| Intro Rate 0% |
Intro Period 12 billing cycles |
Regular Rate 12.99%-20.99% (V) Purchases & BT |
| Intro Rate0% | Intro Period12 months | Regular Rate12.99%-20.99% (V) Purchases & BT | Balance Transfer Fee 4% (min $10) |
| Cash Advance Rate 20.99%-24.99% (V) based on type of cash advance |
Cash Advance Fee 4% (min $10) or 5% (min $10) based on type of cash advance |
- Automatic auto rental insurance.
- Purchase Replacement provides coverage on purchases that are stolen, damaged or lost, within 90 days of purchase.
- Extended Warranty.
- Additional cards at no extra charge.
- Total Security Protection® package protects against fraudulent use of your card.
- Our $0 Liability Guarantee is featured on all Bank of America® consumer credit cards. You're not responsible for any fraudulent charge and we'll credit any fraudulent charges back to your account as soon as the next day.
- See Terms and Conditions accompanying application for additional offer details.
- Max Late Fee: $35
- Max Overlimit Fee: None
- Max Penalty APR: Up to 29.99% (V) based on customer creditworthiness
- Grace Period: 25 days
- Online Response: Yes
- Foreign Transaction Fee: 3%
If you currently have the BankAmericard Cash Rewards™ Card and are satisfied or you like the terms of this credit card offer please let your friends know.
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Compare the BankAmericard Cash Rewards™ Card against other major online credit card offers.
BankAmericard Cash Rewards™ Card is related to the following credit card categories:
- Low Interest Bank of America Credit Cards
- Visa 0% APR Credit Cards
- Rewards Credit Cards
- Balance Transfer Credit Cards
- 0% APR Credit Card
- Balance Transfer Rewards Credit Cards
- Low Interest Credit Cards for Excellent Credit
- Balance Transfer Cash Back Credit Cards
- VISA MasterCard
- Credit Cards for Excellent Credit
We work hard to present you with the most accurate credit card information, however, this information does not originate from us and thus, we do not guarantee the accuracy of the information. Certain offers originate from paying advertisers, and this will be noted on a card’s details page, when applicable.
Before applying for a credit card we recommend that you review and verify the credit card terms and conditions on the credit card company's web site. Please let us know if you find any differences related to the BankAmericard Cash Rewards™ Card shown on this page.
The card information shown on this page was last updated: May 8th, 2012 at 10:21 EDT
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I have been using this Bank of America Credit Card for over a year. I would say this is my second favorite card after Chase. It offers cash back for almost everything when you shop with your card. The cool thing about this is that you have a priviledge if you have Bank of America's checking and or savings account. I believe you will get a extra bonus from that. Everytime you accumulated $25 worth of rewards, you could cash it out. It is easy to hit the minimum requirement as it virtually offers cashback on almost everything you buy with it. I think that is one of the best ffeatures of this card.
I *love* this card and use it for very possible transaction – even for fast food, and to pay my utility bills! Not only does it give you 3% back on gas, 2% back on groceries and 1% back on everything else without having to do anything extra, they do sometimes offer time-limited bonuses as well. For instance, through June 30, I am getting 3% back on travel (they mailed me an offer that I then had to activate online), and I am also now able to activate special short-term offers for rewards at specific retailers (Starbuck’s, etc.) through my account page. It pays out cash every time you accumulate $25 in rewards, but if you have a BoA checking or saving account, you get an extra 10% bonus for having your rewards deposited into it, so I actually get $27.50 each time. In addition, I can use it when purchasing through BoA’a Add It Up website (https://additup.bankofamerica.com). It’s a separate program that gives you up to 20% back when you go through their website to purchase from participating online retailers. I usually average between 5% - 10% back, which is in addition to the BoA credit card rewards! I make sure to pay it off when I get paid, so that I stay within budget and still get all the financials perks. The extra money here and there really helps my budget, and it's money that I would simply be giving away otherwise.
FYI - I have noticed that Walmarts - at least the one where I shop, which does have groceries - count as grocery stores. So I get 2% back there regardless of what I am actually buying.
The BankAmericard Cash Rewards Card is an interesting offer. The reason why is that for some people, it is a really great option that will prove very lucrative, but for others it wont quite measure up to the best cards on the market. It all really depends on how much you spend on gas and groceries and whether or not you bank with Bank of America. This will become a bit more clear with a quick little pro/con list for the BankAmericard Cash Rewards Card. Pros - Many cards offer more lucrative initial bonuses than the Bankamericard Cash Rewards Visa’s $50, but they also tend to require that you spend a few thougsand dollars in the first few months. This card’s bonus is much more attainable for less heavy spenders since you only need to spend $100 in the first 60 days to get it. - Cash back rewards are always a plus because you know exactly what youre going to get. 3% on gas, 2% on groceries and 1% on everything else is pretty good too…IF you only spend around $1500 on gas and groceries every three months. - Getting a 10% rewards bonus is a great treat for Bank of America bank account holders as well. - Having 0% for 12 months can also allow you to leave more money in the bank for longer and gain good interest. - Having no annual fee on a card that offers good rewards is also pretty nice. Cons - Since you only get the 2%/3% rates up to $1500 spend on gas and groceries combined each quarter, the BankAmericard Cash Rewards Visa Card will turn into a 1% cash back card when you hit this milestone. - There are a few other cards out there that offer better rewards on gas and groceries. The BankAmericard Cash Rewards Credit Card is a pretty good everyday spending credit card, but before you apply for it I suggest also checking out the Blue Cash Preferred from American Express and the PenFed Platinum Rewards Card to see which would be more lucrative for your particular spending habits.
I see rewards are earned from gas stations, grocery stores etc... but what about buying items online?
For online purchases you will earn 1% cash bask with this BankAmericard, unless you are purchasing from an online grocery store.
You can use it when purchasing through BoA’a Add It Up website (https://additup.bankofamerica.com). It’s a separate program that gives you up to 20% back when you go through their website to purchase from participating online retailers. I usually average between 5% - 10% back, which is in addition to the BoA credit card rewards.
If Jack Bauer tells you to get a credit card, you get it because you sure don’t want to see him mad. Just kidding, but you may recognize the BankAmericard Cash Rewards name from the commercials with Kiefer Sutherland where people are talking about how confusing credit card rewards can be with all the rules and restrictions and how simple their BankAmericard Cash Rewards Cards are in comparison. You have to wonder how accurate that is though. Is the card really good enough to warrant the people in the commercial saying they “love” it? Well it’s important to point out that the BankAmericard Cash Rewards Credit has changed since these commercials were first run. While simplicity is still the main message, the rewards available with what is now called the BankAmericard Cash Rewards™ Visa Signature® Card - New Cash Rewards and Bonus Offer have progressed from an easy-to-keep-track-of 1% cash back on all purchases to 3% cash back on gas purchases, 2% on groceries and 1% on everything else. This is not the only change made to the Cash Back BankAmericard though. Where there was previously no limit to the rewards you could earn, the 3% on gas and 2% on groceries only apply to the first $1500 you spend in these categories combined. You also get a $50 initial rewards bonus. So it seems like Bank of America is doing the exact things it condemned in its previous advertising. But any problems you might have with the hypocrisy of the situation don’t make the BankAmericard Cash Rewards Visa Signature Card bad. What make it not the best option are the limits and the fact that it is a Visa Signature Card. Most people want simplicity and convenience from their cash rewards and the earning caps with this product add something to worry about. Also Visa Signature Cards have a feature called NPSL, which means you don’t have a set credit limit and that your credit utilization won’t be accurately conveyed to credit bureaus. This can make planning purchases difficult and also hurt your credit score. Anyway, if you want a 1-2-3 rewards card the Blue Cash Everyday Card from American Express is better than the BankAmericard Cash Rewards Credit Card because it offers 3% cash back on groceries, 2% on gas station and department store purchases, and 1% on everything else without earning limits or other restrictions. It also has double the initial bonus offered by the BankAmericard Cash Rewards Visa. Uhoh, it looks like the BankAmericard Cash Rewards Visa Signature Credit Card is going to have to reinvent itself yet again.
Question: does this card report to the credit reporting bureau?
Priscilla Hon - Actually all Bank of America credit cards report to all three major credit reports.
@[24290186404:274:Card Hub] LOVELY. Thanks sir or ma'am!