Bank of America Cash Rewards is a good credit card for people with excellent credit who want to earn 3% cash back on dining, drugstore purchases, gas, home improvement/furnishings, online shopping, or travel. The Bank of America Customized Cash Rewards credit card also offers a $200 sign-up bonus that’s easy to get. To qualify for the bonus, cardholders only need to spend $1,000 in the first 90 days.
Other features that make the Bank of America® Customized Cash Rewards credit card a good credit card are an introductory APR of 0% for 15 billing cycles on purchases and 0% for 15 billing cycles for any balance transfers made in the first 60 days. In addition, the Bank of America Customized Cash Rewards credit card has a $0 annual fee.
As much as the Bank of America Customized Cash Rewards credit card offers, it does come with some drawbacks. For starters, bonus rewards in your chosen 3% cash back category and other spending categories are limited to the first $2,500 in combined purchases each quarter. And, once your introductory APR expires, new purchases and any remaining balance from the introductory period will be subject to a regular APR of 16.24% - 26.24% Variable.
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