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BankAmericard Cash Rewards™ Credit Card

Approval Odds
Card Holder (125 Reviews)
Application Process
Customer Service
3.5360000133514 5
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Card Details

Balance Transfer Intro APR 0% intro for 12 billing cycles on qualifying transfers
Balance Transfer Regular APR 12.99% – 22.99%* Variable
Purchase Intro APR 0% intro for 12 billing cycles
Purchase Regular APR 12.99% – 22.99%* Variable
Annual Fee $0

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Most Helpful Positive Review

Good Cash rewards card
Helpful to 67 out of 75 people

I started in 2010 on a secured card with a  $300 limit. About a year later I was switched to cash rewards and was approved for $1500. A year later I requested and was approved $5000. Just last week while checking my credit score I noticed I was moved to $7000 on an automatic approval. I called and was told sometimes they do this I really had no idea. As long as those payments come in on time BOA will move your limit up rather quickly it would seem.

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Most Helpful Critical Review

Customer service mess!
Helpful to 31 out of 33 people

Bank of America credit card services is a disorganized mess with departments who have no idea why other departments do something. When there is a mistake due to their many IT errors, it took days out of my life to finally talk to someone who could fix it. I also had an interesting experience where I filed a claim for a company that had access to my credit card number illegally billing me. BoA decided in my favor and credited me. Then months later I get a letter from them requesting a written reply from me in 3 DAYS or they will forfeit my claim. I mailed it that day, but 2 weeks later BoA claimed they hadn't received it. They actually re-billed me for that amount and said there was nothing they could do! I've had many credit cards, and this is by far the most disorganized and "IT-error" riddled of them all. That's their blanket statement for all their problems... "IT error." Please do not get this card.

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gravityovlove's review was:    

 

Reviews (125)

Good value card for BofA customers
Helpful to 1 out of 1 people

If you're an existing BofA customer, you'll get an extra 10% on all cash back rewards into your BofA checking/savings accounts. That means in addition to the extra 2% on groceries and 3% on gas cashback, you get a little over 1 cent per dollar spent. As a Visa card it's accepted everywhere. I haven't had any problems with the card or with customer service, and for a no-fee credit card it's not a bad deal if you're already a banking customer with them.

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Great card.
Helpful to 1 out of 2 people

I've had this card almost 2 months now.  Very good service, easy to pay from your checking account as a transfer.  I was approved with a 744 score with a 12k limit.   I've been with BofA for about 10 yrs now.  I just put over 4k on it with no hassels at all.  That's the icing on the cake!  No problems! 

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Floridabiker777's review was:    

 
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BankAmericard, Just the Beginning
Helpful to 3 out of 3 people

Other than a "young adult" card I got through my bank (with the help of my parents) while in college, the BankAmericard Cash Rewards Card was the first independent credit card I opted for when setting out to start building respectable credit history. The offer came to me through my university's alumni association, so the card has the mascot and logo on it, but functions the same as the standard model. The application process was fairly straightforward, and I was approved instantly for a $5000 limit with a 16.99% APR - I thought these were excellent terms for someone just starting off! The sign-up bonus of $100 cash back after spending $500 in the first 90 days helped get my rewards rolling in, and the 3% (gas), 2% (grocery), 1% (everything else) is great for my current spending habits. I opened a savings account with Bank of America, as well, in order to receive an additional 10% bonus when redeeming my rewards into it, essentially making the structure 3.3%/2.2%/1.1%.

I have been taking advantage of their 0% APR introductory rate for the first 12 billing cycles, letting the balance build a bit, but I was accidentally just over a week late on my 3rd payment. A simple call to their Card Services department got my first ever late fee reversed without much hassle, and I have not seen where it will affect my rates or other terms going forward (crosses fingers!). Overall, for a beginner just introducing myself to a rewards card, I have been very pleased with the BankAmericard Cash Rewards Card, as the categories are easy to understand and don't revolve or require any kind of enrollment. Plus, I like representing my school wherever I use it!

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STURDY
Helpful to 4 out of 7 people

I actually did not apply for this card per sae. I was instructed by a BOA financial advisor that I would not be able to get the card (she did a soft inquiry) however, If i applied for the secured version, I could graduate that card after about a year's time of responsible use. I paid the $300 deposit and used the card every month and paid on time. after 10 months I was graduated early with my deposit returned directly into my BOA account and was also granted an instant CLI of $1,800. The card is a little stingy with the credit line right now but I image that they see exactly how much money I make since I have direct deposit with them and they know how much money I earn through an employer. Overall the card handles well and I have not had any issues with it. The cash back is building slowly but surely as I use the Card. It is about as good as their keep the change program. you hardly notice but when you cash in it is appreciated. Good cash back card.

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brolysadvocate's review was:    

 
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Good consisdering short credit history
Helpful to 8 out of 9 people

I came to the USA to study in 2008, and by 2011 I realized that I would be sticking around after graduating since my boyfriend proposed to me. So in October 2012 I realized oh crap I have no US credit history how am I going to apply for an apartment lease, car etc,  and started with a capital one journeys card with a tiny limit of $300 that was eventually increased to $500 after making first 5 monthly payments on time. This was the only card I had for a while, even after graduating in May 2013 and working for a few months. Then BOFA sent me a prequalified offer for this card in the mail and when I applied I was instantly approved for a CL of $1500! Since then they have increased my CL twice and now it is at $5000 despite the fact that my credit score dipped on the fair side now due to high balances on other cards. I have never had any problems with the customer service and love that it is linked to my checking and savings accounts and I can easily manage them all together online. 

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Helpful to 0 out of 1 people

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brolysadvocate's reply was:    

 
A perfect beginning
Helpful to 13 out of 15 people

I moved to the United States from England back in 2013 at the age of 19 and knew I had to establish good credit as soon as I could. I was originally declined for this card as I had 0 credit history but ended up setting it up as a secured card about a week later after going to a BOA location. I put a $1000 limit down and used it for EVERYTHING, I spend roughly $1500 a month but would pay it off in full every few days or so. It taught me good habits and at the same time I was getting roughly $30 back every month or two that I was putting directly into savings. The fact that they give you a 10% bonus if you deposit the cashback in your checking/savings account was very helpful too. The customer service I have experienced over the phone has been somewhat bad but I try to stay clear of talking to most big companies over the phone as I would much rather go to a branch location and talk to them face-to-face. Otherwise it has been a PERFECT introduction to the world of credit, after 12 months I had a 720 score and now I have a 750 (age 21) and have just been accepted for a Chase Sapphire Preffered and an Amex. So it really does show that even with a very short credit history, if you make your payments in full each month, its pretty easy to establish good credit very quickly. I would recommend this product to anyone who just wants to be rewarded for every day purchases as its rewards are pretty generious and also, it has no annual fee!

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You can build your credit score even higher by taking your monthly payment breaking it down into weekly payments meaning if you plan on spending hundred dollars a month on the card you break it down to four $25 payments if you do this for six months it will raise your credit score about 60 points

dwcblman's reply was:    

 
Great Card to Have
Helpful to 12 out of 19 people

I bank with both BOA and Chase and I have to say that I love BOA. I had an account with them since 2009 and kept turning down offers for a credit card with them for unknown reasons. In 2014, I finally opened a card and was offered a 5k limit and I use it simply for the rewards and pay most, if not all back within 10 minutes of use. Spend responsibly and watch your credit score go up. Im 23, with 13 accounts and a credit score of 740. It s not about the age of the user, but about the knowledge of the user 

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Helpful to 1 out of 1 people

It's also not about the number of accounts.. I'm 25 with 4 accounts and a score of 760.

katiecam267's reply was:    

 
Adequate CB but a means to an ...
Helpful to 12 out of 15 people

.. to an end !

Just a little background, I've been a Bank of America credit card holder for about twelve years, through the economic downturn and right back to the top. I currently hold two credit cards through them and I can honestly say I've seen the good and the bad.

The Nutshell: Good card for fair credit, not such a great insurance program and watch their fee schedule. Don't ever be late on a payment or their throw you in the APR penalty box.

Application Process: I got this card shortly after graduating from college and its served me well. I would STRONGLY encourage you to read carefully the terms of service because it is riddled with exceptions and fees that aren't immediate apparent. This goes for all BofA products, it is possible to not get hit with a fee, I haven't paid a fee to the bank in five years but you have to play their game and by their rules. Approval process is usually straight forward, they either grant you credit or not - there is not in-between here (at least not without significant effort).

Customer Service: I can probobly count on one hand how many times I've called customer no-service usually I don't have any problems. Sometimes its best to use the "chat" feature since I sometimes make more progress with them on there than on the phone. Other times, they make you call. I will often write via snail mail if I want anything important done since they are very responsive to letters received at their PO Box. Not an instant answer, but hey it can work.

Credit Limit: I will say that they are very conservative with credit limits (I have a mid-750's credit score and they haven't really increased my limit ... ever and did decrease the limit during the recession). They will also watch your credit reports and credit card usuage like hawks and if you have anything that freaks them out, they will not hesitiate to cut your limit. I haven't really asked for a increase but they haven't offerred me one compared to other issuers.

Balance Transfers: I haven't really received any 0% offers, I get lots of 3% - 5% promotional offers but that then includes a balance transfer fee which I view as a 8-10% APR (if you add the transfer fee to the promotional APR).

My bottom line: Use them and lose them when it doesn't serve your interests anymore. A true back-of-the-wallet card. I don't get excited with this card, its good for "fair" credit but if you have "good to excellent" credit, move on to greener pasturers. Stingey with credit limit increases, APR jail & fees, along with a rewards program that really isn't anything to write home about. I sometimes view BofA as a bank that cateres to lower income individuals and sometimes takes advantage of their ignorance. I'd get this card only as a stepping stone to a better card like Chase Saphire or Barclays Arrival+ for travel (both with annual fees) or the Citi Double Cash (no annual fee) a few years later.

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BEWARE Cards from Bank of America!
Helpful to 48 out of 53 people

I recently decided to pay down my balance on my Platinum Bank of America Visa credit card that I've had since 2007. My available credit line was $3,500 and I had carried a balance on it for years that I was slowly paying off. I decided to make a $1,500 payment reducing what was owed on the card down to less than $800.

Guess what happened?

The very next day Bank of America did a "Periodic review of my credit" and decided to reduce my credit line down to $800!!! What's worse is they didn't even notify me! 

When I questioned it customer service and the supervisor said that my credit wasn't good enough for the credit line I had. But I have the best credit I've had in years! They spun lines of BS and tried to tell me that the "periodic review" had nothing to do with me paying my card down and that they had no intention of fixing the issue, ever. 

So what's really happening?

Bank of America is doing something known as "chasing the balance" in order to  increase their profits. Now if I don't make a large enough payment I'll be over my credit line and be subject to fees. 

If I make to big of a payment they'll reduce my credit line even further! 

If you want to be able to use your credit card and pay off the balance eventually, stay away from Bank of America! 

-Unethical Business Practices. 

-Lying Customer Service Center

-Terrible Treatment of Long Term Customers

BEWARE:  Stay clear of Bank of America Credit Cards! 

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Helpful to 1 out of 1 people

Yeay and if you get ****ed off at them or any bank card and cancel them, down go's your credit scores, can't win for losing!!!!

nugget024384's reply was:    

 
SECURED
Helpful to 3 out of 11 people

I wasnt approved for the card but i didn't to be since i had zero credit at the time. i decided on the secured version and am currently waiting to reach 12 months in june and receive a graduation into the unsecured as well as a CLI. i'll report back then for an update.

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brolysadvocate's review was:    

 
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Company Overview

Bank of America offers a variety of high-value credit cards, like the BankAmericard Cash Rewards™, BankAmericard Travel Rewards® and BankAmericard® Visa® cards, featuring competitive rates.

Bank of America is one of the world's largest financial institutions, serving individual consumers, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 57 million consumer and small business relationships with approximately 5,700 retail banking offices and approximately 17,250 ATMs and award-winning online banking with 30 million active users.

† Credit Karma estimates your Approval Odds by comparing your credit profile with data about other members who were approved for this product. Though Approval Odds do not guarantee approval, they can show you which products may be a better fit for you.

‡ Average score refers to the arithmetic mean and typical low score to the 5th percentile of, in each case, available VantageScore 3.0 credit scores provided by TransUnion of Credit Karma members who were approved for this product from June 2014 through November 2014. Average and typical approved scores are provided as guidelines only and approval is not guaranteed. You can learn more about credit card approval through our in-depth article.

Approval Odds

BankAmericard Cash Rewards™ Credit Card

125 Reviews
Balance Transfer Purchase Intro APR Regular APR
12 Billing Cycles 12 Billing Cycles  

0% intro

0% intro

12.99% – 22.99%*

Variable