The best Bank of America cash back credit cards of 2019

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In a Nutshell

You might be able to earn cash back on purchases you already make with a Bank of America cash back credit card.

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This offer is no longer available on our site: Susan G. Komen® Cash Rewards Visa® credit card from Bank of America

Here are Credit Karma’s picks for the best Bank of America cash back credit cards of 2019.



Best for cash back bonus categories: Bank of America® Cash Rewards credit card

Here’s why: The Bank of America® Cash Rewards credit card offers 3% cash back in a category of your choice to help you maximize rewards for your everyday spending.

The Bank of America® Cash Rewards credit card offers bonus rewards on a quarterly maximum of $2,500 in combined purchases across two different spending categories: 3% cash back on purchases you make in a category you choose from a short list and 2% cash back at grocery stores and wholesale clubs (then 1% after exceeding the $2,500 quarterly cap). You’ll get just 1% cash back on all other purchases.

You get six options for your choice category.

  • Travel
  • Dining
  • Gas
  • Online shopping
  • Drug stores
  • Home improvement and furnishings

You can easily update your bonus category selection with your online banking account or the mobile banking app once per calendar month, in case your spending habits change or you’ve got a big purchase coming up. If you don’t log in to change the category, it will remain the same until you do.

The Bank of America® Cash Rewards credit card also offers a $200 online cash rewards bonus after spending $1,000 on purchases during the first 90 days of account opening.

And the annual fee for the Bank of America® Cash Rewards credit card is $0.

Check out our review of the Bank of America® Cash Rewards credit card to find out more.

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Best for cash back sign-up bonus: Bank of America® Premium Rewards® credit card

Here’s why: The Bank of America® Premium Rewards® credit card offers 50,000 bonus points after you spend $3,000 in purchases within the first 90 days of account opening. You can redeem those bonus points for cash rewards worth $500.

You’ll also earn two points for every $1 you spend on travel and dining purchases and 1.5 points per $1 on all other purchases.

And the Bank of America® Premium Rewards® credit card also comes with up to $200 in travel statement credits: $100 annually for airline incidentals and another $100 every four years for a TSA PreCheck or Global Entry application fee.

But all these extra rewards will cost you: The Bank of America® Premium Rewards® credit card charges a $95 annual fee.

Take a look at our review of the Bank of America® Premium Rewards® credit card to help decide if it’s worth it for you.

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Best for students: Bank of America® Cash Rewards credit card for students

Here’s why: If you’re a student and new to credit, the Bank of America® Cash Rewards credit card for students could help you earn cash back while you work on building your credit.

The Bank of America® Cash Rewards credit card for students offers cash back on up to $2,500 in combined purchases in two categories of your choosing each quarter: 2% back on the purchases you make at grocery stores and wholesale clubs and 3% back on purchases in a category of your choice.

  • Dining
  • Gas
  • Travel
  • Online shopping
  • Drug stores
  • Home improvement and furnishings

And for all other purchases, the Bank of America® Cash Rewards credit card for students offers 1% cash back.

The Bank of America® Cash Rewards credit card for students also features a $200 cash rewards bonus after you spend $1,000 on purchases during the first 90 days after account opening.

We find it particularly helpful for students that this card comes with a $0 annual fee.

If you’re looking to build credit while you’re still in school, you also might be interested in our picks for the best student credit cards.

Best for charitable donations: Susan G. Komen® Cash Rewards Visa® credit card from Bank of America or the World Wildlife Fund Credit Card

Here’s why: Bank of America offers two credit cards that donate to charities every time you swipe: The Susan G. Komen® Cash Rewards Visa® credit card from Bank of America and the World Wildlife Fund Credit Card.

The two cards are similar in that Bank of America will donate to charity when you use the card. Bank of America donates to Komen when you have the Susan G. Komen® Cash Rewards Visa® credit card from Bank of America, and will donate to the World Wildlife Fund if you have the World Wildlife Fund Credit Card.

If you apply and are approved for the World Wildlife Fund Credit Card, Bank of America will donate $3 to the World Wildlife Fund — and an additional $3 for each year the card renews — plus 0.08% of retail purchases you make (not counting any returns).

If you apply and are approved for the Susan G. Komen® Cash Rewards Visa® credit card from Bank of America, the issuer will donate $3 to Komen if you make a purchase within 90 days of opening the account — and for keeping the card open for that 90-day time frame. The bank will also donate 0.08% of each purchase you make and an additional $3 each year you renew the card without carrying a balance at the time of renewal.

Both cards also offer a $200 cash rewards bonus after you spend $1,000 on purchases during the first 90 days after your account opens.

And with the Susan G. Komen® Cash Rewards Visa® credit card from Bank of America and the World Wildlife Fund Credit Card, you’ll take home bonus cash rewards on up to $2,500 each quarter for your combined purchases in two different categories: 3% cash back in a category of your choice and 2% cash back at wholesale clubs and grocery stores. You’ll receive 1% cash back on all other purchases.

For the category of your choice, you can pick one of the following each quarter:

  • Gas
  • Dining
  • Online shopping
  • Drug stores
  • Travel
  • Home improvement and furnishings

And one final perk that you’ll be glad to know: The annual fee for either card is $0.

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Best for small business owners: Bank of America® Business Advantage Cash Rewards Mastercard® credit card

Here’s why: Small business owners could earn even more cash back with the Bank of America® Business Advantage Cash Rewards Mastercard® credit card.

The Bank of America® Business Advantage Cash Rewards Mastercard® credit card offers a $300 statement credit after spending $3,000 in purchases within the first 90 days of account opening.

You’ll also receive boosted cash back for your first $50,000 in combined purchases in two different categories each calendar year: 3% cash back in a category of your choice and 2% cash back on dining. You’ll get 1% cash back on all other purchases.

The 3% cash back category defaults to gas stations, but you can also choose from the following:

  • Office supply stores
  • Travel
  • TV/telecom and wireless services
  • Computer services
  • Business consulting services

We also like that the Bank of America® Business Advantage Cash Rewards Mastercard® credit card has a $0 annual fee.

Check out our guide to using a small business credit card if you’re not sure if this type of card is right for you.

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How we picked the best Bank of America cash back credit cards

We limited our analysis to cards from this specific card issuer. Bank of America offers cards that come with a variety of perks and features, from travel rewards to balance transfers. But we only considered cards where you could either earn cash back or redeem your points for cash back.

From there, we considered which cash rewards cards are best for different types of people to determine our categories.

How to make the most of your Bank of America cash back credit card

Here are four tips to help you get the most value out of your Bank of America cash back credit card.

1. Earn the sign-up bonus

A sign-up bonus can be a big surge of cash back. But it’s important that you pick a card with a sign-up bonus that has a spending requirement that falls within your budget. Otherwise, you could end up racking up debt.

2. Plan any big purchases

If the timing works out, a planned big purchase could be one way to get you closer to earning a new card’s sign-up bonus. This could also be a good time to take advantage of any introductory APRs for purchases to reduce the amount you pay in interest. Learn more about intro APR offers with Credit Karma’s guide to 0% APR on credit cards.

3. Update the 3% bonus category

Some Bank of America cash back credit cards give you the choice to pick your 3% bonus category — with the option to switch that 3% category at certain intervals (every month or every three months, for example).

That means that you can plan to boost your rewards by choosing the travel category ahead of booking a big trip coming up. Or if you have a road trip planned, you might want to pick gas.

If you don’t remember to change your category, you won’t completely miss out — if you don’t do anything, it just stays the same. That means that if you’re more of a set-it-and-forget-it type of person, these cards could still be good options for you.

4. Preferred rewards

Bank of America offers a special program that can boost your rewards with certain credit cards if  you have an eligible Bank of America personal checking account and maintain an average of $20,000 or more in qualifying Bank of America banking accounts or Merrill investment accounts for three months.

If you fall into this group, contact Bank of America to ask about the Preferred Rewards program and check if the card you’re interested in qualifies.