Tommy S Davidson, WalletHub Analyst
@tdvdson94
The main difference between BankAmericard® Power Rewards® Visa Signature® Credit Card and the Bank of America® Customized Cash Rewards credit card is that only the latter is still available to new applicants. Both are everyday credit cards earning cardholders supplemented rewards in various spending categories. It's worth seeing how they stack up against each other, especially if you still have the BankAmericard® Power Rewards® Visa Signature® Credit Card and are considering a change.
BankAmericard® Power Rewards® Visa Signature® Credit Card vs Bank of America Customized Cash Rewards credit card
Card | BankAmericard® Power Rewards® Visa Signature® Credit Card | Bank of America Customized Cash Rewards credit card |
Initial Bonus | No longer available to new applicants. | $200 for spending $1,000 in the first 90 days |
Ongoing Rewards | 3 point / $1 on gas, grocery and drugstore purchases for the first 6 months and 1 point / $1 on all other purchases. | 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 |
Purchase Intro APR | 0% for 12 months | 0% for 18 billing cycles |
Purchase Intro APR | 0% for 12 months | 0% for 18 billing cycles for any balance transfers made in the first 60 days |
Balance Transfer Free | 3% | 3% (min $10) |
Regular APR | 12.99% - 22.99% (V) | 18.24% - 28.24% Variable |
Annual fee | $0 | $0 |
Foreign transaction fee | 3% | 3% |
Credit score required | No longer available to new applicants. Required a credit score of 750+ (excellent credit) | 750+ (excellent credit) |
If you still have the BankAmericard® Power Rewards® Visa Signature® Credit Card and are thinking of making a change, the Bank of America Customized Cash Rewards credit card makes for a great every day card, with even more rewards. Plus, you get to pick your own category for the 3% cash back rate. Bank of America also offers the Bank of America® Unlimited Cash Rewards credit card which simplifies rewards by offering unlimited 1.5% cash back on all purchases.
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