The best Bank of America cash back credit cards are the Bank of America Cash Rewards Credit Card and the BofA Premium Rewards Credit Card. Both have great rewards rates, giving 1%-3% cash back and signup bonuses worth up to $250. The Bank of America Cash Rewards card has a $0 annual fee. The Premium Rewards card’s annual fee is slightly higher at $95.
More specifically, the Bank of America Cash Rewards credit card gives 3% cash back on gas OR your choice of one of five popular categories. You’ll also earn 2% cash back on groceries and wholesale club purchases, and 1% on everything else. The thing is, you’ll only earn bonus cash back on the first $2,500 spent on combined choice/grocery/wholesale club purchases each quarter.
On the other hand, the Bank of America Premium Rewards card gives 2% cash back on travel and dining, and 1.5% cash back on all other purchases. There is no limit to the cash back you can earn with the Premium Rewards card.
Those aren’t the only BofA cash back credit cards, either. If you’re a student, there’s another option available.
Best Bank of America Cash Back Credit Cards:
Bank of America Cash Rewards Card: 1%-3% cash back, with a signup bonus of $200 for spending $1,000 in the first three months ($0 annual fee).
Bank of America Premium Rewards Card: 1.5%-2% cash back, with a signup bonus of 50,000 points for spending $3,000 in the first three months ($95 annual fee).
Bank of America Cash Rewards Credit Card for Students: 1%-3% cash back, with a signup bonus of $200 for spending $1,000 in the first three months ($0 annual fee).
If the Bank of America cash back options aren’t what you’re looking for, you might want to check out the Bank of America Travel Rewards credit card. It gives unlimited 1.5 points per dollar spent on every purchase and has a $0 annual fee. The also card comes with a great signup bonus: 25,000 points after spending $1,000 in the first three months.
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