How much are Bank of America Power Rewards points worth? This question is about the BankAmericard® Power Rewards® Visa Signature® Credit Card

How much are Bank of America Power Rewards points worth?

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This question is about the BankAmericard® Power Rewards® Visa Signature® Credit Card

Alex Breen, Rewards Analyst

@alex_breen • 09/23/20 This answer was first published on 09/23/20. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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Bank Of America Power Rewards points are worth 1 cent each. You will get 3 points per $1 on gas, groceries or drugstores within the first 6 months of account opening and 1 point per $1 on all other purchases.

If you want to get more details on how the Bank Of America Rewards Program works, you can check out this review.

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What's the difference between Bank of America Power Rewards and Cash Rewards?

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.... read full answer

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%
Regular APR	12.99% - 22.99% (V)	17.49% - 27.49% 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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How do the BankAmericard Power Rewards points work?

You earn Bank of America Power Rewards points for every qualifying purchase (3 points per $1 on gas, grocery and drugstore purchases for the first 6 months and 1 point per $1 on all other purchases).

You can redeem those points on this page (min. 2,500 points). If you opt for cash back, 1,000 rewards points can be redeemed for $10 cash.... read full answer

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How do I apply for the BankAmericard Power Rewards card?

You can no longer submit a BankAmericard Power Rewards application as the card is no longer available to new applicants.

Bank of America Cash Rewards is their current cash back-centered offering and you can submit an application by clicking on Apply Now.

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