Robert Sambrick, WalletHub Analyst
The Bank of America Cash Rewards card actually offers cash back, which means no conversions are necessary.
You earn 3% cash back in the category of your choice, 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.
It is also important to note that you'll get a 10% bonus if you redeem your earnings for a deposit into a Bank of America checking or savings account. With that being said, 2,500 points from one of Bank of America's travel rewards cards would be redeemable for a $25.00 statement credit or $15.00 cash back, just to name a couple of options.
You can learn more about how much Bank of America rewards are worth based on different redemption methods here.
Bank of America® Customized Cash Rewards credit card
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