What's the Bank of America Cash Rewards APR? This question is about the Bank of America® Customized Cash Rewards credit card

What's the Bank of America Cash Rewards APR?

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This question is about the Bank of America® Customized Cash Rewards credit card

Cameron DiGiovanni, Writer

@cdigiovanni20 • 03/03/23 This answer was first published on 04/05/21 and it was last updated on 03/03/23.For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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The Bank of America Customized Cash Rewards credit card APR range is 17.99% to 27.99% Variable. However, the exact interest rate that applicants get will largely depend on their creditworthiness. Applicants with high credit scores, lots of income, and little debt will get the lowest Bank of America Customized Cash Rewards credit card APRs.

The Bank of America Customized Cash Rewards credit card also offers an introductory APR of 0% for 18 billing cycles on new purchases and an intro APR of 0% for 18 billing cycles for any balance transfers made in the first 60 days.

What you should know about credit cards interest rate:

To put these numbers in perspective, the average APR for new credit card offers is 22.15%, according to WalletHub’s latest Credit Card Landscape Report. In addition, the average length of a 0% purchase APR is 12 months, while the average length of a 0% balance transfer APR is 13 months.

All in all, the Bank of America Customized Cash Rewards credit card’s interest rates are pretty decent. But there are better options for people with excellent credit who plan to carry a balance on their credit card.

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Megan Woodward, Member

@megan_woodward • 03/23/20 This answer was first published on 03/23/20. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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The Bank of America Cash Rewards APR can be anywhere from 17.99% to 27.99% Variable, based on your creditworthiness. And if you miss a payment, you could have a penalty interest rate of up to 29.99%. The APR for cash advances is See Terms, but you should absolutely avoid those, because there is no grace period and a cash advance fee will be applied immediately.

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What is the Bank of America credit card interest rate?

The Bank of America credit card interest rate can be anywhere from 15.99% (V) to 28.24% (V). It depends on both your credit standing and which Bank of America credit card you apply for. All Bank of America credit card APRs are variable, meaning they can change over time.

Here are the Bank of America credit card interest rates:

BankAmericard® credit card - 15.99% - 25.99% Variable regular APR. Intro APR of 0% for 21 billing cycles on purchases and 0% for 21 billing cycles for any balance transfers made in the first 60 days. 3% balance transfer fee.
Bank of America® Unlimited Cash Rewards credit card...

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What is the best Bank of America credit card with a $200 bonus offer?

The best Bank of America credit card with a $200 bonus offer is the Bank of America® Customized Cash Rewards credit card. This card offers $200 for spending $1,000 in the first 90 days after opening the account. Plus, you can earn 1 - 3% cash back on purchases. The card’s annual fee is $0.

Best Bank of America Credit Cards With a $200 Bonus in 2023

Best Overall: Bank of America® Customized Cash Rewards credit cardBank of America® Customized Cash Rewards credit cardLearn MoreLearn Moreon issuer's website

The Bank of America Customized Cash Rewards credit card offers $200 for spending $1,000 in the first 90 days. Plus, you can earn 3% cash back in a category of your choice and 2% back at grocery stores and wholesale clubs (up to $2,500 spent quarterly), plus unlimited 1% cash back on all other purchases.

The card’s annual fee is $0 and you need excellent credit for approval.

Unlimited Cash Back: Bank of America® Unlimited Cash Rewards credit cardBank of America® Unlimited Cash Rewards credit cardLearn MoreLearn Moreon issuer's website

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Is it hard to get a Bank of America Unlimited Cash Rewards credit card?

Yes, it is hard to get the Bank of America® Unlimited Cash Rewards credit card because it requires at least excellent credit for approval. Unless your credit score is 750 or higher and you have a lot of income, it will be difficult for you to get approved for the Bank of America Unlimited Cash Rewards credit card.

In order to get the Bank of America Unlimited Cash Rewards credit card, you will have to meet the credit score requirement, have a steady income and be at least 18 years old. You’ll also need to...

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