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The 4 Best Bank of America Credit Cards of 2019

After reviewing all existing Bank of America credit card offers, we found the ones that stand out from the crowd and provide consumers with the best deal. Each of the highlighted offers we list here excel for a particular niche or category of consumer. To decide which Bank of America credit card is best for you, it’s important to take into account your financial situation.

Top Bank of America Credit Cards For...

Top BofA Credit Card for Everyday Spending: Bank of America® Cash Rewards credit card

Bank of America® Cash Rewards credit card
Bank of America® Cash Rewards credit card
Bank of America® Cash Rewards credit card
Annual Fee
No Annual Fee
Purchase APR
16.24% - 26.24% Variable
Credit Needed Excellent
Details
  • No annual fee
  • $150 online cash rewards bonus after you spend at least $500 on purchases in the first 90 days of account opening
  • NEW OFFER: Maximize your cash back in the category of your choice: gas, online shopping, dining, travel, drug stores, or home improvement /furnishings
  • Now earn 3% cash back in your choice category and 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases), and unlimited 1% on all other purchases
  • You can update your choice category for future purchases once each calendar month using the Mobile banking app or Online banking, or do nothing and it stays the same.
  • No expiration on rewards
  • 0% Introductory APR for 12 billing cycles for purchases AND for any balance transfers made in the first 60 days. After the intro APR offer ends, 16.24% - 26.24% Variable APR will apply. A 3% fee (min $10) applies to all balance transfers
  • If you're a Preferred Rewards client, you can get a 25% - 75% rewards bonus on every purchase

The Bank of America® Cash Rewards credit card will be an excellent option for most people, chiefly due to the above-average rewards it provides cardholders on gas and grocery spending – two of the biggest categories of spending for the average consumer. The card provides users with 3% back on gas purchases and 2% back at grocery stores and wholesale clubs, both of which are capped at a combined spending of $2,500 per quarter. After you reach the cap, you will earn just 1% in both these categories.

If you have a bank account with Bank of America, the Bank of America® Cash Rewards credit card earns a 10% bonus on the rewards you earn from purchases. Consumers with BofA investment accounts can get even bigger bonuses with this card – anywhere between 25% and 75% depending on how much money you have deposited in the account.

Highlights

  • No Annual Fee
  • 1% cash back on every purchase, 2% at grocery stores and wholesale clubs, and 3% on gas for the first $2,500 in combined grocery/gas purchases each quarter
  • $200 cash rewards bonus after making at least $500 in purchases in the first 90 days of your account opening

Best BofA Card for Varied Spending: Bank of America® Travel Rewards credit card

Bank of America® Travel Rewards credit card
Bank of America® Travel Rewards credit card
Bank of America® Travel Rewards credit card
Annual Fee
No Annual Fee
Purchase APR
17.24% - 25.24% Variable
Credit Needed Excellent
Details
  • Earn unlimited 1.5 points per $1 spent on all purchases, with no annual fee and no foreign transaction fees and your points don't expire
  • NEW OFFER: 25,000 online bonus points if you make at least $1,000 in purchases in the first 90 days of account opening - that can be a $250 statement credit toward travel purchases
  • Use your card to book your trip how and where you want – you’re not limited to specific websites with blackout dates or restrictions
  • Redeem points for a statement credit to pay for flights, hotels, vacation packages, cruises, rental cars, or baggage fees
  • Comes with chip technology for enhanced security and protection at chip-enabled terminals
  • 0% Introductory APR for 12 billing cycles for purchases, then 17.24% - 25.24% Variable APR
  • Get an additional 10% customer points bonus on every purchase when you have an active Bank of America® checking or savings account
  • If you’re a Preferred Rewards client, you can increase that bonus to 25% - 75%

The Bank of America® Travel Rewards credit card offers a fixed rewards rate on all of the spending you do with it –- 1.5 points for every dollar spent. Because every single point translates to $0.01 in travel statement credit, that works out to a fixed 1.5% rewards rate on all purchases you make. There are two benefits to this kind of reward structure that elevates this card to the realm of “best”. First, having above average rewards on all purchases, versus a select few, gives you a lot more flexibility. For example, if you were to suddenly make $2,000 in purchases at furniture and appliance stores, a card like the Bank of America® Travel Rewards credit card will give you higher rewards than most other offers.

If travel, there is a lot to like in the Bank of America® Travel Rewards credit card. It’s one of the few credit cards to have both no annual fee and no foreign transaction fees. Most credit cards, even most Bank of America cards, will charge you a 3% fee whenever you use it when travelling abroad.

The Bank of America® Travel Rewards credit card also has one of the best welcome bonuses of any Bank of America credit card. Users can get 25,000 bonus points after spending $1,000 in purchases within the first 90 days of account opening. These points are equivalent to $250 in travel statement credit.

Highlights

  • 1.5 points for every dollar you spend
  • 25,000 bonus points after spending $1,000 in purchases within the first 90 days of account opening
  • Reward points can be used as travel statement credit, to pay down charges on your card

Option For Travelers: Bank of America® Premium Rewards® credit card

Bank of America® Premium Rewards® credit card
Bank of America® Premium Rewards® credit card
Bank of America® Premium Rewards® credit card
Annual Fee
$95
Purchase APR
18.24% - 25.24% Variable
Credit Needed Excellent
Details
  • Receive 50,000 bonus points - a $500 value - after you make at least $3,000 in purchases in the first 90 days of account opening.
  • Earn unlimited 2 points for every $1 spent on travel and dining purchases and unlimited 1.5 points per $1 spent on all other purchases
  • If you’re a Bank of America Preferred Rewards client, you can get a 25%-75% rewards bonus on every purchase.
  • No limit to the points you can earn and your points don’t expire
  • Redeem for cash back as a statement credit, deposit into eligible Bank of America® accounts, credit to eligible Merrill Edge® and Merrill Lynch® accounts, or gift cards or purchases at the Bank of America Travel Center
  • Get up to $200 in combined airline incidental and airport expedited screening statement credits + valuable travel insurance protections
  • No Foreign Transaction Fees
  • Low $95 annual fee

The reason we think this is the best Bank of America card for travelers is that it has highly relevant perks. For instance, the card offers up to $200 in combined airline incidental and airport expedited screening statement credits. The card also comes with no foreign transaction fees which means you can use it when you're abroad without incurring costly fees. For every dollar you spend on travel or dining you'll get 2 points.

Highlights

  • $95 annual fee
  • No foreign transaction fees
  • Get 50,000 bonus points after you make at least $3,000 in purchases in the first 90 days.

For People Paying Off Debt: BankAmericard® credit card

BankAmericard® credit card
BankAmericard® credit card
BankAmericard® credit card
Annual Fee
No Annual Fee
Purchase APR
15.24% - 25.24% Variable
Credit Needed Excellent
Details
  • NEW OFFER: 0% Introductory APR for 18 billing cycles for purchases and for any balance transfers made in the first 60 days. After the intro APR offer ends, 15.24% - 25.24% Variable APR will apply. A 3% fee (min $10) applies to all balance transfers
  • No annual fee
  • No penalty APR. Paying late won't automatically raise your interest rate (APR). Other account pricing and terms apply.
  • Access your FICO® Score for free within Online Banking or your Mobile Banking app

The BankAmericard® credit card is a fantastic credit card for anyone who needs some time to pay off some debt. That's because the card offers a 0% intro APR period of 18 billing cycles for purchases and any balance transfers made in the first 60 days. After that, the standard variable APR will apply. The card also comes with no annual fee so it won't put any additional stress onto your finances.

Highlights

  • No annual fee.
  • No penalty APR.
  • Access your FICO Score for free.

Comparing Bank of America Credit Cards Based On Your Spending

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Comments and Questions

Opinions, analyses, reviews, or recommendations expressed here are the author's alone, and have not been reviewed or endorsed by the issuer. We may be compensated through the issuer's Affiliate Program. For a full list of our advertisers see our disclosure page

* See the online credit card application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However all credit card information is presented without warranty. When you click on the "Apply Now" button, you can review the credit card terms and conditions on the issuer's website.

Info about the following cards: Premier Rewards Gold Card from American Express, Delta Reserve® Credit Card from American Express, Platinum Delta SkyMiles® Credit Card from American Express, Hilton Honors Surpass® Credit Card, American Express® Blue Sky, American Express® Green Card, The Amex EveryDay® Preferred Credit Card from American Express, The Amex EveryDay® Credit Card from American Express, The Plenti® Credit Card from Amex, Blue from American Express®, Platinum Card® from American Express Exclusively for Mercedes-Benz, Bluebird, Centurion® Card from American Express, Hilton Honors American Express Aspire Card, Starwood Preferred Guest® American Express Luxury Card, Amazon Business American Express Card, and Marriott Bonvoy Brilliant™ American Express® Card has been collected independently by ValuePenguin. The issuer did not provide the details, nor is it responsible for their accuracy.

Disclaimer: This content is not provided or commissioned by the credit card issuer. Opinions expressed here are author's alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through the credit card issuer Affiliate Program.

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.

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® Card 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).