Chip Lupo, Credit Card Writer
@CLoop
Chase credit cards are better than Bank of America credit cards overall, based on the perks and terms they offer. However, choosing between the two credit card issuers comes down to which specific card meets your individual needs. For instance, people with good or excellent credit who plan on maximizing rewards points may get more value out of a Chase credit card than a Bank of America card. The same goes for people looking for business credit cards.
That said, Bank of America cards are better for students and people who are rebuilding their credit, and the issuer also has a slight edge over Chase in customer satisfaction and user ratings on WalletHub. Additionally, customers looking for promotional APR deals will find more options within Bank of America’s credit card offers.
Compare Bank of America vs. Chase Credit Cards
| Category | Bank of America Credit Card | Chase Credit Card | Winner |
| Cash Back | Chase | ||
| Travel Rewards | Chase | ||
| Low Interest | Bank of America | ||
| No Annual Fee | Chase | ||
| Business | Bank of America® Business Advantage Travel Rewards World Mastercard® credit card | Chase | |
| Student | None | Bank of America | |
| New Customer Bonus | Chase | ||
| Rebuilding Credit | Bank of America® Customized Cash Rewards Secured Credit Card | None | Bank of America |
Bank of America vs. Chase Credit Cards By Numbers
- Size by Total Assets: Chase is the largest credit card company in the United States based on the total assets, but Bank of America is a close second.
- Credit Card Options: There are more Chase credit card offers available right now than Bank of America credit card offers.
- Market Share by Purchase Volume: Chase cardholders collectively accounted for $1.2 trillion in purchase volume, whereas Bank of America customers accounted for $494 billion, according to the Nilson Report of 2024.
- Customer Satisfaction: Bank of America ranked 5th in J.D. Power’s 2024 U.S. Credit Card Satisfaction Study, with 616 points out of 1,000. Chase came in 4th place with 619 points.
- Issuer Reviews: Bank of America has an average rating of 3.7/5 stars among customer reviews on WalletHub, compared to 3.8/5 stars for Chase.
- Rewards Value: According to WalletHub research, Chase points are worth an average of 0.95 cents, while Bank of America points are worth 0.85 cents, on average.
In conclusion, Chase does issue more cards with more overall value than Bank of America. However, Bank of America credit cards are more accessible to people of all credit levels compared to Chase credit cards.
Popular Bank of America Credit Cards
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Rewards
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Cash Back
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Students
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Small Business
Bank of America® Business Advantage Travel Rewards World Mastercard® credit card
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