Bank of America Credit Card How Easy to Get One

Featured Partner Offer

Bank of America® Customized Cash Rewards credit card

Choose your 3% category

Earn 3% cash back in the category of your choice, 2% at grocery stores and wholesale clubs (up to $2,500Read More

Regular APR

16.24% - 26.24% Variable APR on purchases and balance transfers

Credit Score

Good, Excellent (700 - 749)

Editorial Review

While offering solid rewards for moderate spenders, the card really shines for Bank of America Preferred Rewards clients, who get a 25%-75% boost in cashback earnings.

Pros & Cons

Bank of America Preferred Rewards clients earn 25% to 75% more cash back
Good rewards earning potential
Option to change 3% bonus category monthly

Bonus rewards have quarterly caps
High balance transfer fee
Foreign transaction fee

Card Details

$200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening.
Earn 3% cash back in the category of your choice, automatic 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases) and unlimited 1% on all other purchases.
If you're a Preferred Rewards member, you can earn 25%-75% more cash back on every purchase. That means you could earn 3.75%-5.25% cash back on purchases in your choice category.
No annual fee and no expiration on rewards.
New longer intro period! 0% Introductory APR for 18 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the intro APR offer ends, 16.24% – 26.24% Variable APR will apply. A 3% fee (min $10) applies to all balance transfers.
Contactless Cards – The security of a chip card, with the convenience of a tap.
This online only offer may not be available if you leave this page or if you visit a Bank of America financial center. You can take advantage of this offer when you apply now.

Best Bank Of America Credit Cards

Best for Balance Transfers

BankAmericard® credit card

No Rewards

The BankAmericard® credit card does not offer rewards on purchases.

Regular APR

14.24% - 24.24% Variable APR on purchases and balance transfers

Credit Score

Excellent/Good (700 - 749)

Why We Picked It

Great for those who need a lengthy introductory APR offer to pay off other card balances or finance a major purchase.

Pros & Cons

No penalty APR
No annual fee

No rewards program
Foreign transaction fee
Fee on balance transfers

Card Details

New longer intro period! 0% Introductory APR for 21 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the intro APR offer ends, 14.24% – 24.24% Variable APR will apply. A 3% fee (min $10) applies to all balance transfers.
No annual fee.
No penalty APR. Paying late won't automatically raise your interest rate (APR). Other account pricing and terms apply.
Access your FICO® Score for free within Online Banking or your Mobile Banking app.
Contactless Cards – The security of a chip card, with the convenience of a tap.
This online only offer may not be available if you leave this page or if you visit a Bank of America financial center. You can take advantage of this offer when you apply now.

Best for Earning Unlimited Travel Rewards

Bank of America® Travel Rewards credit card

1.5x Rewards Rate

Earn unlimited 1.5 points per $1 spent on all purchases, with no annual fee and no foreign transaction fees andRead More

Welcome Bonus

25,000 points

Regular APR

16.24% - 26.24% Variable APR on purchases and balance transfers

Credit Score

Good/Excellent (700 - 749)

Why We Picked It

The Bank of America® Travel Rewards Credit Card is an excellent fit for those who value simplicity over complicated bonus rewards programs. And since it has no foreign transaction fees, it's also a great card to use when traveling.

Pros & Cons

Earn uncapped rewards
Bank of America Preferred Rewards clients earn 25%-75% more cashback on every purchase
No foreign transaction fees

No bonus categories to boost reward earnings
APR can be high, depending on creditworthiness

Card Details

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.
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.
Use your card to book your trip how and where you want – you're not limited to specific websites with blackout dates or restrictions.
Redeem points for a statement credit to pay for travel or dining purchases, such as flights, hotel stays, car and vacation rentals, baggage fees, and also at restaurants including takeout.
New longer intro period! 0% Introductory APR for 18 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the intro APR offer ends, 16.24% – 26.24% Variable APR will apply. A 3% fee (min $10) applies to all balance transfers.
If you're a Preferred Rewards member, you can earn 25%-75% more points on every purchase. That means instead of earning an unlimited 1.5 points for every $1, you could earn 1.87-2.62 points for every $1 you spend on purchases.
Contactless Cards – The security of a chip card, with the convenience of a tap.
This online only offer may not be available if you leave this page or if you visit a Bank of America financial center. You can take advantage of this offer when you apply now.

Best for Companion Pass

Alaska Airlines Visa Signature® credit card

Up to 3X Reward Rate

Earn unlimited 3 miles for every $1 spent on eligible Alaska Airlines purchases; Earn unlimited 1 miles for every $1Read More

Welcome Bonus

Alaska's Famous Companion Fare™ + 40,000 Bonus Miles

Regular APR

18.24% - 26.24% Variable APR on purchases and balance transfers

Credit Score

Good/Excellent (700 - 749)

Why We Picked It

For West Coast frequent fliers, the Alaska Airlines Visa Signature credit card is worth a serious look. You'll snag the prized annual Companion Fare, plus a free checked bag, Visa Signature benefits and other perks, which easily offset the annual fee.

Pros & Cons

Redeem miles for flights with over a dozen airline global partners
Free checked bag on Alaska Airlines
Visa Signature® benefits
Annual Companion fare can save you hundreds of dollars
No foreign transaction fees

Limited flight options on the East Coast and in the Midwest
Companion ticket is limited to Alaska Airlines flights
No priority boarding

Card Details

LIMITED TIME ONLINE OFFER – Buy One Get One is Back! Alaska's Famous Companion Fare™ + 40,000 Bonus Miles.
Buy one ticket, get one for just the taxes and fees ($0 fare plus taxes and fees from $22) and receive 40,000 bonus miles with this offer. To qualify, make $3,000 or more in purchases within the first 90 days of opening your account.
Alaska's Famous Companion Fare™. Every year on your credit card account anniversary you'll receive a companion fare which allows you to book a companion flight from $121 ($99 fare plus taxes and fees from $22). Valid on all Alaska Airlines flights booked on alaskaair.com.
Free checked bag for you and up to 6 guests on the same reservation – that's a savings of $60 per person roundtrip!
Earn unlimited 3 miles for every $1 spent on eligible Alaska Airlines purchases and unlimited 1 mile for every $1 spent on all other purchases. And, your miles don't expire on active accounts.
With oneworld® Alliance member airlines and Alaska's Global Partners, Alaska has expanded their global reach to over 1,000 destinations worldwide bringing more airline partners and more ways to earn and redeem miles.
Flexibility with no blackout dates on Alaska Airlines flights when booking with miles or a companion fare.
Plus, no foreign transaction fees and a low $75 annual fee.
This online only offer may not be available elsewhere if you leave this page. You can take advantage of this offer when you apply now.

Best for Maximizing Businesses Spending

Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card

Apply Now

On Bank of America Small Business New Account's Website

Up to 3% Cash Back

Earn 3% cash back in the category of your choice, 2% cash back on dining purchases and unlimited 1% cashRead More

Regular APR

14.49% - 24.49% Variable APR on purchases and balance transfers

Credit Score

Excellent Credit (750 - 850)

Why We Picked It

For business owners who max out the 50k annual spending on the bonus categories, the rewards are substantial for a no-annual-fee card. Preferred Rewards for Business members can make out like a bandit with the 25-75% rewards bonus. The foreign transaction fee means it's best to keep this card at home when traveling overseas.

Pros & Cons

Introductory APR offer on purchases
3% cashback rate on the spending category of your choice
Preferred Rewards for Business members earn a 25-75% bonus

Foreign transaction fee
2% and 3% bonus categories have a combined annual spending cap of $50,000
No intro APR offer for balance transfers

Card Details

Get a $300 statement credit online bonus after you make at least $3,000 in net purchases in the first 90 days of your account opening – with no annual fee and cash rewards don't expire.
Earn 3% cash back in the category of your choice, 2% cash back on dining purchases and unlimited 1% cash back on all other purchases.
You'll earn 3% and 2% cash back on the first $50,000 in combined choice category/dining purchases each calendar year, 1% thereafter.
0% Introductory APR on purchases for your first 9 billing cycles. After the intro APR offer ends, a Variable APR that's currently 14.49% to 24.49% will apply.
Redeem your cash back as a deposit into your Bank of America® checking or savings account, as a card statement credit or as a check mailed to you.
Earn up to 75% more cash back on every purchase, if you have a business checking account with Bank of America and qualify for our highest Preferred Rewards for Business tier. That means you could earn up to 5.25% in your selected choice category and up to 3.5% on dining purchases on the first $50,000 in those combined purchases each calendar year, and up to an unlimited 1.75% cash back on all other purchases.
Contactless Cards – The security of a chip card, with the convenience of a tap.
This offer may not be available if you leave this page or visit our website. You can take advantage of this offer when you apply now.

Best for Simple Cash Back

Bank of America® Unlimited Cash Rewards credit card

Regular APR

16.24% - 26.24% Variable APR on purchases and balance transfers

Credit Score

Good, Excellent (700 - 749)

Why We Picked It

The Bank of America® Unlimited Cash Rewards credit card is simple: The card offers an unlimited 1.5% cash back on all purchases, redeemable as a credit card statement credit or a deposit into an eligible Bank of America account, with no minimum redemption amount, no limit on the amount of rewards and no annual fee.

Pros & Cons

Simple cash back rewards
No minimum cash back redemptions
Cash back rewards do not expire
Card can earn up to 2.62% cash back for Platinum Honors Preferred Rewards
No Annual Fee

Base cash back of 1.5% is market-lagging
Cash back can not be credited to an account at another bank

Card Details

$200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening.
Earn unlimited 1.5% cash back on all purchases.
If you're a Preferred Rewards member, you can earn 25%-75% more cash back on every purchase. That means you could earn 1.87%-2.62% cash back on every purchase with Preferred Rewards.
No annual fee.
No limit to the amount of cash back you can earn and cash rewards don't expire.
New longer intro period! 0% Introductory APR for 18 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the intro APR offer ends, 16.24% – 26.24% Variable APR will apply. A 3% fee (min $10) applies to all balance transfers.
Contactless Cards – The security of a chip card, with the convenience of a tap.
This online only offer may not be available if you leave this page or if you visit a Bank of America financial center. You can take advantage of this offer when you apply now.

Best Card for Flexible Redemption Options

Bank of America® Premium Rewards® credit card

Up to 2X Reward Rate

Earn unlimited 2 points for every $1 you spend on travel and dining purchases. Earn 1.5 points for every $1Read More

Welcome Bonus

50,000 points

Regular APR

18.24% - 25.24% Variable APR on purchases and balance transfers

Credit Score

Good, Excellent (700 - 749)

Why We Picked It

Spending on travel and dining earns you 2 points per dollar, and the card comes with a nice suite of travel perks. Preferred Rewards clients score an extra 25%-75% cash back bonus.

Pros & Cons

No foreign transaction fee
TSA Precheck credit
Visa Signature Concierge benefit
Flexible reward redemption options

High penalty APR
High balance transfer fee
High standard APR and cash advance APR
No airport lounge perks

Card Details

Receive 50,000 online bonus points – a $500 value – after you make at least $3,000 in purchases in the first 90 days of account opening.
Earn unlimited 2 points for every $1 spent on travel and dining purchases and unlimited 1.5 points for every $1 spent on all other purchases.
If you're a Bank of America Preferred Rewards member, you can earn 25%-75% more points on every purchase. That means you could earn 2.5-3.5 points on travel and dining purchases and 1.87-2.62 points on all other purchases, for every $1 you spend.
No limit to the points you can earn and your points don't expire.
Redeem for cash back as a statement credit, deposit into eligible Bank of America® accounts, credit to eligible Merrill® accounts, or gift cards or purchases at the Bank of America Travel Center.
Get up to $100 in Airline Incidental Statement Credits annually and TSA PreCheck®/Global Entry Statement Credits of up to $100, every four years.
No foreign transaction fees.
Low $95 annual fee.
This online only offer may not be available if you leave this page or if you visit a Bank of America financial center. You can take advantage of this offer when you apply now.

Best for Earning Rewards Where You Spend the Most

Bank of America® Customized Cash Rewards credit card

Choose your 3% category

Earn 3% cash back in the category of your choice, 2% at grocery stores and wholesale clubs (up to $2,500Read More

Regular APR

16.24% - 26.24% Variable APR on purchases and balance transfers

Credit Score

Good, Excellent (700 - 749)

Why We Picked It

While offering solid rewards for moderate spenders, the card really shines for Bank of America Preferred Rewards clients, who get a 25%-75% boost in cashback earnings.

Pros & Cons

Bank of America Preferred Rewards clients earn 25% to 75% more cash back
Good rewards earning potential
Option to change 3% bonus category monthly

Bonus rewards have quarterly caps
High balance transfer fee
Foreign transaction fee

Card Details

$200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening.
Earn 3% cash back in the category of your choice, automatic 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases) and unlimited 1% on all other purchases.
If you're a Preferred Rewards member, you can earn 25%-75% more cash back on every purchase. That means you could earn 3.75%-5.25% cash back on purchases in your choice category.
No annual fee and no expiration on rewards.
New longer intro period! 0% Introductory APR for 18 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the intro APR offer ends, 16.24% – 26.24% Variable APR will apply. A 3% fee (min $10) applies to all balance transfers.
Contactless Cards – The security of a chip card, with the convenience of a tap.
This online only offer may not be available if you leave this page or if you visit a Bank of America financial center. You can take advantage of this offer when you apply now.

Best Secured Card With Cash Back

Bank of America® Unlimited Cash Rewards Secured Credit Card *

Unlimited 1.5X Reward Rate

Earn unlimited 1.5% cash back on all purchases

Regular APR

26.24% variable

Credit Score

Bad/Poor (0 - 649)

Why We Picked It

Earns an easy-to-manage 1.5% cash back on all your spending without tracking categories or spending caps.

Pros & Cons

Simple rewards structure is easy to manage
Potential to graduate to an unsecured card with good payment behavior
Preferred Rewards members can earn even higher rewards on their spending when minimum balance requirements are met

There are other secured cards that may earn you higher rewards.
There's a foreign transaction fee
Somewhat high minimum deposit of at least $300 required

Card Details

Earn unlimited 1.5% cash back on all purchases
Cash rewards don't expire
Establish, strengthen or rebuild your credit
No annual fee

Best for Family Pooling

Free Spirit® Travel More World Elite Mastercard®

Up to 3 points per dollar

Earn 3 points per dollar spent on eligible Spirit purchases; 2 points per dollar spent on eligible dining and groceryRead More

Welcome Bonus

60,000 Bonus Points Online Offer

Annual Fee

$0 Introductory Fee for the first year. After that, your Annual Fee will be $79

Regular APR

18.24% - 26.24% Variable APR on purchases and balance transfers

Credit Score

Good, Excellent (700 - 749)

Pros & Cons

Ability to spend towards elite status
Anniversary Spend Bonus
Points rebate and have no expiration

Annual fee after first year
No luggage benefit

Card Details

Limited-Time Online Offer! Earn 60,000 Bonus Points plus a $100 Companion Flight Voucher after making at least $1,000 in purchases within the first 90 days of account opening.
Earn 3 points per dollar spent on eligible Spirit purchases; 2 points per dollar spent on eligible dining and grocery store purchases; and 1 point per dollar spent on all other purchases.
Receive a $100 Companion Flight Voucher each anniversary after qualifying purchases.
Automatic Zone 2 Shortcut Boarding on all flights.
No limit to the points you can earn, no points expiration, and no redemption fees as the primary cardholder.
Get a 25% rebate on inflight food and beverage purchases when you pay with your card.
Reach Free Spirit Status by earning 1 Status Qualifying Point for each $10 in Net Purchases during a calendar year towards earning Free Spirit Silver or Gold status.
No foreign transaction fees and a low $0 introductory annual fee for the first year. After that it's just $79.
This online only offer may not be available elsewhere if you leave this page. You can take advantage of this offer when you apply now.

Best for Students Who Want to Maximize Rewards

Bank of America® Customized Cash Rewards Credit Card for Students *

Up to 3X Reward Rate

Earn 3% cash back in the category of your choice (6 categories available)*; Earn 2% cash back at grocery storesRead More

Welcome Bonus

$200 cash rewards bonus

Regular APR

16.24% - 26.24% variable

Credit Score

Fair (650 - 699)

Why We Picked It

This card scores an 'A+' for students in need of an intro APR offer and no annual fee, while still earning impressive cash-back rewards.

Pros & Cons

FICO score for Free
Intro APR offer with a generous term
Competitive cashback reward rates
Easy-to-earn welcome bonus

3% foreign transaction fee
High penalty APR and late fee
High to very high standard APR, depending on your credit

Card Details

Online $200 cash rewards bonus after making at least $1,000 in purchases in the first 90 days of your account opening
3% cash back in category of choice: gas, online shopping, dining, travel, drug stores, or home improvement-furnishings, 2% cash back at grocery stores and wholesale clubs and 1% cash back on all other purchases
Your cash rewards don't expire. Each month, as you plan for future purchases, you can change your 3% choice category online or through our mobile app
Use the free and easy ShopSafe® service when you shop online to generate a temporary credit card number so your real card number remains completely private and protected
Access your FICO® Score updated monthly for free, within your Mobile Banking app or in Online Banking

Best for Students Who Want to Travel

Bank of America® Travel Rewards credit card for Students *

1.5X Reward Rate

Earn unlimited 1.5X points for every $1 you spend on all purchases everywhere, every time and no expiration on points

Welcome Bonus

25,000 points

Regular APR

16.24% - 26.24% variable

Credit Score

Good/Excellent (700 - 749)

Why We Picked It

Students studying abroad will pay no foreign transaction fees (and no annual fee) while earning flat-rate rewards points with flexible travel redemption options. This isn't a good card for balance transfers, however, as the intro APR offer only applies to purchases.

Pros & Cons

Flexible rewards redemption options
Unlimited 1.5 points per $1 on all spending
No foreign transaction fee
Easy-to-earn welcome bonus

High balance transfer fee.
No bonus categories to boost rewards.
No intro APR offer on balance transfers.
High penalty APR and late fee.

Card Details

Earn unlimited 1.5 points for every $1 you spend on all purchases everywhere, every time and no expiration on points
25,000 online bonus points if you make at least $1,000 in purchases in the first 90 days of your account opening – which can be redeemed for a $250 statement credit toward travel purchases
No annual fee and no foreign transaction fees
Chip Cards now with chip technology for enhanced security and protection when making purchases at chip-enabled terminals in over 130 countries
0% introductory APR for 18 billing cycles on purchases. After that, a standard APR of 16.24% - 26.24% variable on purchases and balance transfer will apply. Balance transfer fee of either $10 or 3% of the amount of each transaction, whichever is greater, applies

Best for International Travel

Air France KLM World Elite Mastercard® *

Up to 3X Reward Rate

Earn 3 Miles per $1 spent directly on Air France, KLM Royal Dutch Airlines and SkyTeam member airlines purchases; EarnRead More

Welcome Bonus

70,000 bonus miles

Regular APR

18.24% - 26.24% variable

Credit Score

Good/Excellent (700 - 749)

Why We Picked It

While many airline credit cards only offer one mile per dollar spent on general purchases, the Air France KLM World Elite Mastercard® lets you earn 50% more. As part of the SkyTeam Alliance, points can be redeemed for flights on an impressive set of partner airlines. One downside is the lack of flight benefits with cardmembership — those come by earning XP points and gaining Elite status.

Pros & Cons

Redeem points for travel on Air France, KLM and other SkyTeam partners
Generous base earning rate
No foreign transaction fee

High regular APR
The Flying Blue program often charges a lot of miles for award flights
No flight perks included with card

Card Details

70,000 Bonus Miles, plus qualify for a bonus of 40 XP (Experience Points) after spending $2,000 or more on purchases within the first 90 days of your account opening. Plus get a welcome bonus of 60 XP upon approval.
18.24% – 26.24% variable APR on purchases and balance transfers
Annual fee: $89
3 Miles per $1 spent directly on Air France, KLM Royal Dutch Airlines and SkyTeam member airlines purchases and 1.5 Miles per $1 spent on all other purchases
Earn 20 XP every year on your account anniversary, plus earn an additional 40 XP (totaling 60 XP) on your account anniversary after you spend $15,000 or more on purchases within the anniversary year
Earn 5,000 Miles every year on your account anniversary after you spend $50 or more on purchases within the anniversary year
Redeem Miles toward flights with any SkyTeam member airline to over 1,000 destinations worldwide
No matter where you're travelling, feel free to use your Air France KLM World Elite Mastercard® without incurring foreign transaction fees
Now, when you opt-in you can access your FICO® Score updated monthly for free, within your Mobile Banking app or in Online Banking

Best Business Card for Companion Pass

Alaska Airlines Visa® Business Credit Card *

Up to 3X Reward Rate

Earn 3X miles for every $1 spent directly on Alaska Airlines purchases; Earn 1X miles on all other purchases

Welcome Bonus

40,000 bonus miles

Annual Fee

$50 for the company and $25 per card

Regular APR

18.24% - 26.24% variable APR on purchases and balance transfers

Credit Score

Excellent Credit (750 - 850)

Why We Picked It

This card is a must-have for business owners based on the West Coast or traveling there frequently on Alaska Airlines. Aside from the bonus companion fare, what stands out are the stellar redemption values for business and first-class travel on its airline partners.

Pros & Cons

No foreign transaction fee
Welcome bonus includes the prized Companion Fare
Exceptional mileage redemption value within its airline partner network

Base rewards rate is only 1 mile per $1 spent
No status-related perks
No intro APR offer
Alaska's flight hubs are all on the West coast

Card Details

Get 40,000 bonus miles and Alaska's Famous Companion Fare™ from $121 ($99 fare plus taxes and fees from just $22) after you make $2,000 or more in purchases within the first 90 days of opening your account.
Get another Alaska's Famous Companion Fare™ every year. Each year on your credit card account anniversary you'll receive a companion fare which allows you to book a companion flight from just $121 ($99 fare plus taxes and fees from $22). Valid on all Alaska Airlines flights booked on alaskaair.com.
Earn 3 miles for every $1 spent directly on Alaska Airlines purchases and 1 mile for every $1 spent on all other purchases.
Save with a free checked bag on Alaska flights for you and up to six other guests on the same reservation.
50% off Alaska Lounge day passes and 20% back on all Alaska Airlines inflight purchases when you pay with your card.
Earn unlimited miles and travel with no blackout dates and no foreign transaction fees.

Methodology

Bank of America offers a wide variety of credit cards, each designed for a different purpose. To pick the best ones, we looked at cards that have different uses. While many of their cards offer rewards, others are ideal for tasks such as carrying a balance or rebuilding your credit. Out of Bank of America's offerings, we chose the best cards for a variety of different purposes, so you can pick the best one for your needs.

Best Bank of America Credit Cards of 2022

What is Bank of America?

The Bank of America is a U.S.-based investment bank and financial holding company, currently the eighth largest in the world and the second largest in the U.S. It offers a full range of commercial and investment banking services as well as wealth management services. The company advertises a commitment to meeting the needs of all its clients, including individuals, small businesses and corporations.

Bank of America Credit Card Benefits

All Bank of America cards come with some common benefits. For example, account holders can access FICO scores updated monthly for free through the company's Mobile Banking app or by logging in online. An account holder can also use these tools to view credit card bills online, transfer funds, check available credit or configure account alerts.

Bank of America offers optional overdraft protection to help prevent declined purchases, returned checks or other overdrafts when you link your eligible Bank of America checking account to your credit card.

The bank's reward-earning cards are eligible to earn even more points or cash back through the Preferred Rewards program. Your status in this program is based on your qualifying combined balances in your Bank of America banking and Merrill investment accounts. If you have between $20,000 and $50,000 of combined deposits, you receive a 25% rewards bonus from eligible credit cards. Those with $50,000 to $100,000 in combined deposits receive a 50% rewards bonus, and those with more than $100,000 on deposit receive a massive 75% rewards bonus.

Choosing a Bank of America Credit Card

As with choosing a card from any other issuer, you'll want to find the Bank of America card most suitable for you and your needs. For example, the Bank of America Travel Rewards for Students is a great choice for young adults who travel. Other student card options also exist for those who prefer cash back over travel rewards. Frequent non-student travelers will likely be better off with one of the bank's numerous travel rewards cards, whichever of the co-branded cards fits best: Bank of America has co-branded cards with Air France KLM, Alaska Airlines or Amtrak.

The BankAmericard credit card and other Cash Rewards and Premium Rewards cards also offer benefits to those whose lifestyles and spending patterns best fit the reward structures these cards offer.

How to Apply for a Bank of America Credit Card

You can apply for a Bank of America Credit Card via the Bank of America website. After browsing options and selecting the right fit for you, you will be redirected to a secure online credit card application form. Simply fill out the application and hit submit. Applications can also be saved for later so long as any application started is completed within 30 days.

After submitting your application you should receive a notice via email from Bank of America quickly, informing you if your application has been approved, declined or needs more time for review. Once approved, you will receive your card within 10 business days.

How to Activate Bank of America Credit Cards

The fastest way to activate your credit card is to use Bank of America's Online Banking service, either through a web browser or the Bank of America app. Once you enroll, you can use your Online Banking ID and passcode to confirm and activate your card. If you have trouble during the activation process, you can call the Customer Service number on the back of the card.

How to Cancel a Bank of America Credit Card

You can cancel your Bank of America credit card account any one of three ways: visiting a local branch and speaking with a banker in-person, calling Bank of America's Credit Card Customer Service number or submitting your request by mail.

Who Should Get a Bank of America Credit Card?

Bank of America offers credit cards suitable for a wide array of consumers. Frequent travelers, students and small business owners can all benefit from using Bank of America cards, as can customers who are strictly interested in cash back benefits or who need to rebuild credit. If your brand loyalty to Bank of America is strong enough to rule out all options from other card issuers, be sure to thoroughly research all of Bank of America's credit card options in order to find the one most suiting your needs.

What Credit Bureau Does Bank of America Use?

Bank of America reports information to all three major credit bureaus: TransUnion, Equifax and Experian. For eligible customers using consumer credit cards, the company also offers a free monthly FICO® Score from TransUnion.

What credit score is needed for a Bank of America credit card?

For many Bank of America credit cards, you should have a credit score of at least 670 or higher (FICO credit rating: good to excellent) if you want to maximize the chances of your application being approved. Bank of America offers cards for those building or rebuilding credit—like the Bank of America® Customized Cash Rewards Secured Credit Card*. In these cases, the company will accept a lower credit score but will typically require a security deposit upfront. The deposit is refundable upon account closure but may also be refundable upon an upgrade to an unsecured card once credit has strengthened or improved.

Is a Bank of America Credit Card Worth it?

Generally, a Bank of America credit card is a dependable, reliable choice with a well-established and long-standing financial institution. The multiple types of credit cards on offer make it a good choice for a wide variety of consumers, since it is likely Bank of America will have a card to meet or closely match your specific needs. If you're attracted to Bank of America's services and intend on banking with the company for a long time, a Bank of America-branded credit card will best augment your customership with the institution.

Bank of America Preferred Rewards

The Bank of America Preferred Rewards program offers increased rewards for increased business with Bank of America. There are three tiers in the program: Gold, Platinum and Platinum Honors. At each tier a customer will receive discounts on Bank of America products and an increase on rewards by 25%, 50% or 75% respectively.

The qualifying combined balances in eligible Bank of America accounts and/or Merrill investment accounts determines reward tier. Qualifying deposit amounts set tier qualification: $20,000 for Gold, $50,000 for Platinum and $100,000 for Platinum Honors. Once a customer meets these qualifications, he or she can enroll in the Preferred Rewards program online for no extra cost.

Bottom Line

A credit card from Bank of America can be a great choice, especially for those with existing banking relationships with the company. By picking the best Bank of America credit card for your needs, you can build credit, earn rewards or simply ensure you have a secure and convenient way to make everyday purchases.

Frequently Asked Questions

Which Bank of America credit card is the best?

There's no one "best" card suitable for most everyone. The card best for you will depend on a combination of your needs and spending habits. Bank of America offers numerous credit cards, each apparently designed with a different type of consumer in mind.

What is the highest credit limit for Bank of America?

The highest credit limit you will be able to qualify for with Bank of America depends on your initial credit score and subsequent continued credit habits. The higher your credit score, the more likely you will be awarded a higher line of credit. For secured cards, your limit will be determined by the amount of the initial deposit. Secured cards in general usually have minimum deposits in the low hundreds and maximum deposits not exceeding $5,000.

How to set up Bank of America Credit Card Autopay?

In order to set up automatic payments, you will need to enroll in Bank of America's eBills system. This is as simple as adding your credit card as a payee for your Bank of America account (Bill Pay > Payment Center > Add a Company or Person), then selecting "Request eBills" from the Bill Pay tab and following the instructions provided. You will be given an option to "Add AutoPay" or "Set Up Autopay" for your specific credit card accounts. You can set up AutoPay in a web browser or through the mobile app.

How often does Bank of America increase credit limit?

Bank of America does not offer guaranteed increases in credit limits, and there are no specific eligibility requirements. However, they periodically review accounts demonstrating excellent credit habits and may proactively increase credit limits every six months or year as a reward. You can also personally request a credit line increase, but try to wait for 12 months after opening the card and six months between requests to maximize the likelihood of approval.

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Source: https://www.forbes.com/advisor/credit-cards/best/bank-of-america/