Bank of America offers a range of credit cards tailored to various spending habits and financial objectives.
Whether you're looking to earn cash back, travel points, or take advantage of low-interest promotions, they offer solid options.
This guide helps you understand how to apply and take full advantage of each card. It’s written to give you the most straightforward steps and smartest strategies.
Why Bank of America Credit Cards Stand Out?
These cards offer a combination of useful rewards, flexible payment options, and helpful banking tools. They're easy to use and supported by one of the largest banking networks.
There’s a card for every lifestyle—from basic spending to travel upgrades. Many options come with welcome bonuses and no annual fees.
Exploring Bank of America Credit Card Types
Bank of America offers various credit cards tailored to your specific needs. Some focus on cash back, others on travel rewards, or low interest.
Each type offers specific advantages and fits a unique financial profile. Knowing your options helps you make informed choices.
Customized Cash Rewards Card
This card offers 3% cash back in a category of your choice, plus a first-year bonus, making it 6% cash back.
You also get 2% back at grocery stores and wholesale clubs and 1% on all other purchases.
It’s ideal for individuals with recurring expenses in a single category. You can change the 3% category monthly through online banking.
Unlimited Cash Rewards Card
This card gives you unlimited 1.5% cash back on all purchases. For the first year, that increases to 2% with a bonus offer.
It’s simple, reliable, and has no rotating categories. You don’t have to track your spending types.
BankAmericard Credit Card
This is a low-interest card with no rewards. It offers a 0% intro APR for 18 billing cycles for purchases and balance transfers.
After that, a variable APR applies. It’s best if you need to pay off big purchases over time.
Travel Rewards Credit Card
This card gives 1.5 points for every $1 spent, with no limit. You can earn 3 points per dollar when booking travel through the Bank of America Travel Center.
It’s useful if you travel often and want flexible redemption options. There’s no foreign transaction fee.
Premium and Premium Rewards Elite Cards
These cards are for frequent travelers who want added benefits. You earn 2 points on travel and dining, and 1.5 points on everything else.
You can get up to $570 in travel-related credits per year. The annual fees are $95 and $550, respectively.
How to Apply for a Bank of America Credit Card?
The application process is straightforward and available online. You can compare options, fill out your form, and get a decision in minutes.
Be ready with your personal and financial details. Applying online is required for most promotional offers.
Step-By-Step Application Process
Applying for a credit card takes just a few minutes if you’re ready. You only need your personal and financial details prepared before starting.
- Go to the official Bank of America credit card website.
- Select the card that fits your spending habits.
- Click "Apply Now" and begin the secure application.
- Enter your full name, address, income, and employment information.
- Review and submit your application.
Eligibility Requirements
Before applying, you need to meet basic criteria. These include age, residency, and income qualifications.
Having a good credit score improves your approval chances. Meeting these helps avoid denial and hard credit pulls.
- You must be at least 18 years old.
- You need to be a U.S. resident with a valid Social Security Number.
- You should have a steady income source.
- A credit score of 670+ is recommended for most cards.
How Rewards Work on BofA Credit Cards?
Each card has its own structure, but they’re easy to understand. You earn based on your spending and can redeem for cash, travel, or credits.
Points or cashback do not expire as long as the account stays open. Choosing the right card depends on how you spend.
- Cashback cards deposit rewards into your account or let you redeem as statement credits.
- Travel cards let you use points through the Travel Center or for purchases.
- Some cards give higher rewards in bonus categories with caps per quarter.
- Others provide flat rates with no category tracking needed.
First-Year Bonuses and Offers
Bank of America gives new cardholders strong bonus incentives. These vary by card but usually involve a spending threshold.
Most cards offer $200 or 25,000 to 75,000 points. To qualify, you must apply online and meet spending criteria.
- Spend $1,000 in 90 days for a $200 bonus (Cash Rewards Cards).
- Earn 25,000 points (Travel Rewards) for the same spend.
- Premium cards offer 60,000 to 75,000 points, worth up to $750.
- These bonuses are one-time offers and apply to new accounts only.
Interest Rates and Other Fees
Knowing the interest rates helps you plan smart payments. Each card has a variable APR range.
There are also balance transfer fees and potential late fees. Some cards avoid penalty APRs even after missed payments.
- APRs range from 15.24% to 28.24%, depending on the card and your credit.
- 0% APR intro for 15 to 18 billing cycles (on select cards).
- Balance transfers incur a 3% fee for the first 60 days, then 4%.
- Late fees may apply, but no penalty APR on BankAmericard.
Digital Banking and Mobile Features
Bank of America cards are fully digital-friendly. You can control your card through the mobile app.
This helps you monitor activity, redeem rewards, and make payments. The tools help you stay organized and secure.
- Lock or unlock your card instantly.
- Set up custom transaction alerts.
- View your FICO score for free.
- Redeem cashback or points in the app.
What Is Preferred Rewards?
This program adds more value for BofA clients. It gives you a bonus on your credit card rewards.
The more you keep in your BofA or Merrill accounts, the more you earn. It’s automatic once you enroll and qualify.
- Members earn 25% to 75% more cashback or points.
- Tiers: Gold ($20K), Platinum ($50K), Platinum Honors ($100K), etc.
- Applies to most BofA credit cards.
- Adds value for existing BofA customers.
Mistakes to Avoid When Applying
Applying with no strategy can lead to rejection or regret. Avoid common errors that cost time and credit score points.
Focus on matching your profile to the right card. Also, understand fees and reward structures.
- Don’t apply with a poor or limited credit history.
- Avoid applying for too many cards at once.
- Don’t skip reading the card’s full terms.
- Avoid cards that don’t align with your spending habits.
Maximizing Card Benefits
Once approved, use your card the right way to maximize rewards. This includes selecting the best reward category and paying on time. Use the full scope of card benefits available to you. Some perks require activation.
- Choose the 3% category each month in Customized Cash Rewards.
- Use your travel card for all travel and dining to earn the most points.
- Use the mobile app to track progress toward bonuses.
- Pay your balance in full to avoid interest and maintain credit health.
Contact Details for Support
If you need help with your application or account, BofA offers direct support. Always use official numbers and platforms. Assistance is available for questions regarding applications, reward clarifications, and digital banking.
- General Credit Card Support: 1-800-732-9194
- Application Questions: 1-800-421-2110
- Online Banking Help: 1-800-933-6262
- Website: www.bankofamerica.com
Disclaimer: Always check the latest terms on the official website before applying.
Start Smart with the Right Bank of America Card
Bank of America credit cards give you flexibility, rewards, and strong welcome offers. Whether you want cashback, points, or a lower rate, there's a card for you.
Take time to choose the card that fits your lifestyle and apply with confidence. Use it wisely to get the most from your everyday spending.
