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AAA Member Rewards Credit Card: Is It a Good Cash Back Card?

AAA Member Rewards Credit Card
AAA Member Rewards Credit Card

AAA Member Rewards Credit Card: Is It a Good Cash Back Card?

An excellent credit card to get rewards on travel and general everyday categories like gas and groceries.
Editor's Rating: 4.5/5.0
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Editor's Rating

{"onCurrent":true,"message":"Our team rates credit cards objectively based on independent research, the features the credit card offers users, and how it compares with other available cards in its category. The ratings are the opinion of our editors, and are not influenced by any outside factors, including any compensation the site may receive from certain advertisers."}

4.5/5.0

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any credit card issuer.

Whether or not you are an AAA member, the AAA Member Rewards Credit Card is an excellent option for your wallet. It provides a 3% rewards rate on travel purchases, and 2% at gas stations, grocery stores, and drugstores. All of these are well above what the average cash back credit cards provide in similar categories. Though you can get comparable rewards with a better welcome bonus with other cards, those offers typically come with annual fees and bonus-requirements that require you to be a high-spender to turn a profit.

This card is good for...

  • Low spenders who want a no annual fee travel credit card
  • People in Bank of America's Preferred Rewards program

This card is bad for...

  • High spenders who can qualify for bonuses on other cards
  • People who want to earn points that are transferrable to airline miles

Review: Our Thoughts on the AAA Member Rewards Credit Card

The AAA Member Rewards Credit Card is a fantastic card, especially if you are part of Bank of America’s Preferred Rewards. The cash back this card provides on travel, groceries and gas rivals some of the best credit cards out there. Note that while this card is co-branded with the American Automotive Association (AAA), you don’t have to be a member to apply. That means the AAA Member Rewards Credit Card is available to anyone who meets its minimum FICO requirements - good/excellent credit is required.

The rewards rate on this card will vary depending on the amount of money you have deposited into Bank of America accounts. Even without these extra rewards, however, this card would be considered good. If you factor in the bonus you'd get as a Gold, Platinum or Platinum Honors tier member, this card becomes very hard to beat.

While the AAA Member Rewards Credit Card offers a competitive rewards rate on travel, it fails to keep up as far as bonuses are concerned with other top travel credit cards. These competitors often come equipped with bonuses worth anywhere between $300 and $600. The welcome offer on this card is worth just $150. The good news is that it’s much easier to qualify for. To get the bonus you need to spend $500 on the card within the first 90 days of account opening. That is much lower than these other cards. Therefore, if you’re a low spender who wouldn’t qualify for bigger bonuses anyway, the AAA Member Rewards Credit Card offers a great solution.

One other thing worth mentioning is that this card comes with no foreign transaction fees. This is another feature that makes it a good choice for travellers. Whenever you use most cards outside of the United States, you pay a charge with every transaction – roughly 3%. This is entirely waived with the AAA Member Rewards Credit Card.

Bottom Line: The AAA Member Rewards Credit Card is an excellent everyday card, and solid travel option for low spenders. While the top airline and hotel cards can give you better sign-up bonuses, those often require you to spend thousands of dollars. 

AAA Member Rewards Credit Card Benefits & Features

At the base level, the AAA Member Rewards Credit Card earns you 3% cash back on travel and AAA purchases, 2% back on gas, grocery and drugstore shopping, and 1% back on everything else. Those with Preferred Rewards membership can increase their cash back rate, based on the amount of money they have deposited into their Bank of America account. Gold membership gives a 25% bonus, Platinum gives 50%, and Platinum Honors gives 75%. Note: These bonuses are applied to the base earn of 1 point per $1, not the bonus points you get in each category.

Effective Rewards Rate
Preferred Rewards TierCombined BalancesAAA Purchases & TravelGas, Grocery and DrugstoreAll other

None

N/A3.00%2.00%1.00%

Gold

$20,000 - $49,9993.25%2.25%1.25%

Platinum

$50,000 - $99,9993.50%2.50%1.50%

Platinum Honors

$100,000+3.75%2.75%1.75%

Your tier is based on your qualifying combined balances in your Bank of America® banking and/or Merrill Edge® and Merrill Lynch® investment accounts.

AAA Member Rewards Credit Card

$100 statement credit offer after making at least $250 in purchases in the first 90 days of your account opening.
  • Receive a $150 statement credit after you make at least $500 in purchases within the first 90 days of account opening
  • 3X points on eligible travel and AAA purchases
  • 2X points on gas, grocery store and drugstore purchases
  • 1 point per $1 on purchases everywhere else
  • No foreign transaction fees so you can avoid extra costs when using your card outside of the U.S
  • Receive a $150 statement credit after you make at least $500 in purchases within the first 90 days of account opening
  • 3X points on eligible travel and AAA purchases
  • 2X points on gas, grocery store and drugstore purchases
  • 1 point per $1 on purchases everywhere else
  • No foreign transaction fees so you can avoid extra costs when using your card outside of the U.S
Annual Fee
No Annual Fee
Regular APR
15.24% to 25.24% Variable
Credit Needed
{"onCurrent":true,"message":"There are various types of credit scores. Each creditor uses a variety of different types of credit scores to make lending decisions."}
Fair
Editor's Rating
{"onCurrent":true,"message":"Our team rates credit cards objectively based on independent research, the features the credit card offers users, and how it compares with other available cards in its category. The ratings are the opinion of our editors, and are not influenced by any outside factors, including any compensation the site may receive from certain advertisers."}

The information related to the AAA Member Rewards Credit Card has been collected by ValuePenguin and has not been reviewed or provided by the issuer of this card prior to publication.

In addition to the above-mentioned rewards, AAA Member Rewards Credit Card cardholders who spend at least $500 on purchases within the first 90 days of account opening receive a $150 statement credit. This is a lower requirement than most no annual fee cash back credit cards. Other offers typically require you to spend twice as much for the same reward. Keep in mind that you need to make purchases to qualify for the bonus. Other types of transactions, such as cash advances or balance transfers, do not count towards the $500.

How Does the AAA Member Rewards Credit Card Compare to Other Offers?

To better gage the value the AAA Member Rewards Credit Card, it’s best to compare it to other available offers. We took a look at how this card stacks up to some of its leading competitors below.

AAA Member Rewards Credit Card vs Blue Cash Preferred® Card from American Express

The Blue Cash Preferred® Card from American Express has been one of our favorite cash back cards, and for good reason. The card gives users an outstanding 6% cash back at US supermarkets, up to $6,000 per year in purchases (then 1%). Additionally, cardmembers can get 3% back at US gas stations, 6% cash back on select U.S. streaming subscriptions and 3% cash back on transit including taxis/rideshare, parking, tolls, trains, buses and more. This touches upon all the major consumer shopping categories, with the exception of travel. An important thing to keep in mind is that the Blue Cash Preferred® Card from American Express has an annual fee of $95 (See Rates & Fees). Therefore, you should make sure you can get enough rewards out of it year-to-year, before applying.

For rates and fees of the Blue Cash Preferred® Card from American Express, please click here.

Compare The AAA Member Rewards Credit Card Based on Your Expenses

The tool below can shortcut some of the math involved in figuring out the rewards value of cash back credit cards. We recommend inputting your estimated monthly expenses, by category, by clicking on the little gear below. This will help you visualize the relative strength of the AAA Member Rewards Credit Card to other offers.

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Assumptions based on $1,430 monthly spend
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{"cardCategory":"rewards","cardIds":"1081,8","initialResultsLimit":5,"endpoint":"https:\/\/creditcards.valuepenguin.com\/api\/creditcards\/models\/rewards","onCurrent":true}

Comments and Questions

These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

Advertiser Disclosure: The products that appear on this site may be from companies from which ValuePenguin receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). ValuePenguin does not include all financial institutions or all products offered available in the marketplace.

How We Calculate Rewards: ValuePenguin calculates the value of rewards by estimating the dollar value of any points, miles or bonuses earned using the card less any associated annual fees. These estimates here are ValuePenguin's alone, not those of the card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer.

Example of how we calculate the rewards rates: When redeemed for travel through Ultimate Rewards, Chase Sapphire Preferred points are worth $0.0125 each. The card awards 2 points on travel and dining and 1 point on everything else. Therefore, we say the card has a 2.5% rewards rate on dining and travel (2 x $0.0125) and a 1.25% rewards rate on everything else (1 x $0.0125).