What are the Bank of America rewards categories?

The best Bank of America credit card with a $200 bonus is the Bank of America Cash Rewards Credit Card. It offers $200 for spending $1,000 in the first 90 days after opening the account. That’s one of the best cash back credit card bonuses currently available, and it’s made even better by the fact that the card has a $0 annual fee. In addition, BofA Cash Rewards offers ongoing bonus cash back on purchases, in a category of your choice plus at grocery stores and wholesale clubs. And Bank of America Preferred Rewards banking members earn 25% to 75% additional cash back on the card.… read full answer

There are a number of other Bank of America credit cards that offer a $200 bonus, but most of them are co-branded with various companies or organizations. Some examples include the Susan G. Komen Cash Rewards Visa, the MLB Credit Card, the World Wildlife Fund Card and the U.S. Pride Card. There’s also a student-only version of the Cash Rewards card that offers the same bonus.

Lastly, there are a few Bank of America credit cards with a bonus valued at $200 or more, but you get points rather than cash back. Some options to consider include Bank of America Travel Rewards, Travel Rewards for Students and Premium Rewards. The co-branded Amtrak Guest Rewards Card and Sonesta World Mastercard offer $200+ points bonuses as well.

Bank of America rewards points are worth up to $0.01 (1 cent) per point, depending on which BofA rewards card you have and how you redeem the points.

For example, points from the Bank of America® Travel Rewards credit card are worth $0.01 each when redeemed for travel credits (1,000 points = $10). They’re worth $0.006 per point (1,000 points = $6) when redeemed for cash, and gift card redemption values vary.… read full answer

Meanwhile, all points earned with the Bank of America® Premium Rewards® credit card are worth $0.01 per point.

Other points-earning BofA credit cards are co-branded with specific companies. The Amtrak Credit Card, the AAA Credit Card, and the Sonesta Credit Card are a few of them. Many have different point-redemption values, too.

For example, AAA Credit Card points are worth up to 40% more when redeemed for a AAA voucher, compared to other redemption methods like cash back and gift cards. However, you may have trouble finding out how much those cards’ rewards points are worth until you’re ready to redeem them. Many of them don’t have points value listed in their terms.