What's the Bank of America credit card with the $200 bonus offer?

The Bank of America Cash Rewards credit score requirement 750 or higher. That means applicants for the BofA Cash Rewards card need excellent credit scores for good approval odds. A few people report being approved with lower scores but that’s not typical. The Cash Rewards card shares the same credit score requirement as a number of other BofA cards. Those include the BankAmericard Credit Card, the BofA Premium Rewards card and the BofA Travel Rewards card.… read full answer

An excellent credit score does not guarantee you’ll be approved for the Cash Rewards card. But it is a key factor when reviewing the application. Bank of America will also consider annual income, employment status, monthly mortgage/rental payment, current debt, payment history and more.

If you meet the Bank of America Cash Rewards credit score requirement and are approved, you’ll earn 3% cash back on gas and 2% cash back at grocery stores and wholesale clubs, up to $2,500 spent each quarter. You’ll also receive a $200 bonus for spending $500 in the first 90 days. In addition, there’s an introductory APR of 0% for 12 billing cycles on purchases and 0% for 12 billing cycles on balance transfers. The card has a $0 annual fee.

Bank of America Cash Rewards credit score and other requirements:

• Minimum credit score: 750+ (excellent credit).
• Other factors: Annual income, employment status, existing debt, payment history, monthly mortgage or rental payment and more.
• Minimum age: 18 years old for U.S. citizens. Must provide proof of independent income to make monthly payments, or have a co-signer 21 years or older.
• Personal information: Includes name, address and birthdate. Must give a physical address, not a P.O. Box. You will also need one of the following: a Social Security number (SSN), a passport or an Individual Tax Identification Number (ITIN).

There are other Bank of America cash rewards cards with their own credit score requirements. Business owners will need an excellent personal credit score in order to have a decent chance of being approved for the Business Advantage Cash Rewards Mastercard. The Business Advantage card offers 3% cash back on purchases at gas stations and office supply stores up to $250,000 spent per year.

If you’re a student with limited credit, you’ll have good odds of being approved for the Cash Rewards Card for Students. It has a similar rewards structure as the regular Cash Rewards card. It offers 3% cash back on gas and 2% at grocery stores and wholesale clubs. It also offers a $200 bonus for spending $500 in the first 90 days.

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.… read full answer

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.