The Bank of America® Cash Rewards credit card is a solid cash back option for people with good to excellent credit.
What to Like
The Bank of America® Cash Rewards credit card offers 3% cash back on gas and 2% cash back at grocery stores and wholesale clubs for the first $2,500 in combined grocery stores, wholesale club, and gas purchases each quarter. You can earn 1% cash back on all other purchases, and get a $150 cash rewards bonus after $500 in purchases in the first 90 days.
Look Out For
You’ll pay a 3% or $10 fee on any balance transfers whichever is greater, as well as a 3% fee on foreign transactions. If you’re late on a payment, you could be subject to a high penalty APR that may overshadow any rewards earnings.