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The 5 Best Bank of America Credit Cards of 2018

After reviewing the 23 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. If you wish to custom-fit a card a card based on your individual spending profile, we recommend using our comparison tool below.

Top Bank of America Credit Cards For...

Top BofA Credit Card for Everyday Spending: BankAmericard Cash Rewards™ Credit Card

The BankAmericard 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 BankAmericard 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.

When you take into account all spending categories, we estimate the BankAmericard Cash Rewards™ Credit Card can save the average individual over $610 over a two year period. If you have a Bank of America bank account, this figure climbs to over $660.

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
  • $150 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: BankAmericard Travel Rewards® Credit Card

The BankAmericard 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 BankAmericard Travel Rewards® Credit Card will give you higher rewards than most other offers. If we compare it to another top BofA Card, the BankAmericard Cash Rewards™ Credit Card, you would save $10 more on that $2k purchase. The only caveat to this, is that the rewards you earn must be used to pay down travel purchases on your credit card. If you don't vacation at least once per year, finding use for your points can be tricky.

If you do travel, there is a lot to like in the BankAmericard 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.

A graph showing how many rewards the average consumer can earn with the BankAmericard Travel Rewards Credit Card

The BankAmericard Travel Rewards® Credit Card also has one of the best welcome bonuses of any Bank of America credit card. Users can get 20,000 bonus points after spending $1,000 in purchases within the first 90 days of account opening. These points are equivalent to $200 in travel statement credit.

Highlights

  • 1.5 points for every dollar you spend
  • 20,000 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 Students: BankAmericard Travel Rewards™ for Students

If you are a student with no credit history, you can get an almost identical card to this one -- the BankAmericard Travel Rewards™ for Students. On both the reward and features side of things, this card is identical to the BankAmericard Travel Rewards® Credit Card. Unless you drive yourself to school and pay for gas, this card should end up giving you significantly higher rewards than the BofA cash back credit card.

The BankAmericard Travel Rewards™ for Students is also a great choice for those who study abroad. Like its counterpart, this card has no foreign transaction fee, which means you will be able to use it to pay for expenses during your travels.

BofA Card For Outstanding Debt: BankAmericard® Better Balance Rewards

The BankAmericard® Better Balance Rewards is the best Bank of America credit card for anyone who is struggling to pay down their credit card debt. If you carry a balance month-to-month, your focus should be on paying it down and minimizing the interest charges you’re incurring. The money you can save by deferring interest payments will, in most cases, heavily outweigh any rewards you may earn with the other cards listed on this page.

The BankAmericard® Better Balance Rewards is different than most balance transfer credit cards out there in that it earns users rewards. Every quarter in which you pay more than the minimum due each month, you will receive a $25 bonus – that translates to a maximum payout of $100 per year. If you have a Bank of America checking or savings account, you get an additional $5 per quarter.

A graph showing how much the average indebted consumer can save by moving their balance over to the BankAmericard Better Balance Rewards Credit Card

*The above figures are based on average credit card debt, average APR, and assumes fixed monthly payments of $500.

These quarterly rewards apply so long as you have this credit card – they aren’t limited to balances you transfer to it. This is another thing that separates the BankAmericard® Better Balance Rewards from other balance transfer cards, most of which don’t have any rewards program.

Highlights

  • 0% APR for 12 billing cycles on balance transfers made within 60 days of opening your account
  • 12.24% - 22.24% APR after promo period
  • $25 reward every quarter in which you pay more than the minimum amount due every month

Our Favorite BofA Card For Earning Airline Miles: Asiana Airlines Credit Card

The Asiana Airlines Credit Card is a great airline mile credit card, especially for those who spend heavily on gas and groceries. Most airline credit cards tend to have straightforward rewards programs. They have a great rewards rate when shopping with the co-branded airline, and a subpar rate on all other purchases. However, the Asiana Airlines Credit Card breaks this trend, and gives cardholders good savings on gas and grocery purchases - a rewards rate of 2.8% on each. Asiana purchases earn you a 4.2% rate, and everything else a decent 1.4%.

A  graph showing how many rewards the average consumer can earn with the Asiana Airlines Credit Card

Though Asiana Airlines services nine airports in the United States, it belongs to Star Alliance, the world's biggest airline partnership. That means you can use the miles you earn through this card to book flights on any of their 27 member carriers, including Air Canada, United Airlines, and Lufthansa.

Highlights

  • Every cardmember year you receive: 2 Asiana Airlines lounge invitations, A 10,000 bonus Miles certificate, A $100 automatic rebate on Asiana Airlines tickets
  • $99 annual fee
  • 10,000 bonus miles after first purchase

Comparing Bank of America Credit Cards Based On Your Spending

Assumptions Based On Monthly Spend of: $1,430 Edit
General:
U.S. Gas Stations:
U.S. Supermarkets:
Airlines:
Hotel:
U.S. Restaurants:
Office:
Utilities:
Computing:
Card Annual Fee 2-yr Net Rewards Rate

The Net Rewards Rate is equal to the Rewards Value over two years divided by the total spending. The total spending is equal to the values entered into the tool and multiplied by 24 months. See the rewards Value note to see details on how it is calculated.

The estimates here are ValuePenguin's alone. They are not those of the card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. All estimates are based on the spend assumptions entered above (which you can edit).

Bonus Value

The bonus field shows our estimate for the value of the card’s welcome bonus. If the bonus is point or mile based, we multiply the total bonus points/miles by our estimate for their value to arrive at a dollar equivalent. We display $0 if there is no bonus or if the user doesn’t qualify for the bonus based on the current spending entered into the tool. All estimates are based on the spend assumptions entered above (which you can edit).

The estimates here are ValuePenguin's alone. They are not those of the card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer.

2-yr Rewards Value

The Rewards value is calculated by adding together the rewards earned from charging purchases to the card over two years and any welcome bonuses (if applicable). They are then multiplied by our estimated point/mile value, with any annual fees (if applicable) subtracted. All values are based on our own estimates for the dollar value of any points, miles or bonuses earned using a card and on the spend assumptions entered above (which you can edit).

The estimates here are ValuePenguin's alone. They are not those of the card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer.

Virgin Atlantic World Elite MasterCard® Credit Card
Image of Virgin Atlantic World Elite MasterCard® Credit Card $90 4.89%
$520
Earn 20,000 bonus Flying Club miles after your first purchase
$1,678
Graph Card More Details and Value Calculation

Estimated Rewards Through 24 Months

Card Rewards Estimated Rewards Value Dollars*
Spending Rewards 51,480 x $0.026 = $1,338
Bonuses
0 x $0.026 = $0
20,000 x $0.026 = $520
Less Annual Fees -$180
Total Net Estimated Rewards Through 24 Months 1,678

*The value estimate is calculated using ValuePenguin.com rewards point value.

Annual Fee $90
APR 14.24%

Card Details

  • Earn 1 tier point per $2,500 in purchases (maximum of 2 per month) and additional tier points when you fly Virgin Atlantic or airline partners
  • Get a second reward ticket for half the miles when you redeem Flying Club miles for a Virgin Atlantic Economy reward ticket (must spend $25,000+ in purchases annually)
Alaska Airlines Visa Signature® Credit Card
$75 2.94%
$540
Get 30,000 bonus miles after qualifying purchases
$1,008
Graph Card Read Review More Details and Value Calculation

Estimated Rewards Through 24 Months

Card Rewards Estimated Rewards Value Dollars*
Spending Rewards 34,320 x $0.018 = $618
Bonuses
30,000 x $0.018 = $540
Less Annual Fees -$150
Total Net Estimated Rewards Through 24 Months 1,008

*The value estimate is calculated using ValuePenguin.com rewards point value.

Annual Fee $75
APR 16.74% - 24.74% Variable

Card Details

  • First Checked Bag Free for you and up to 6 companions booked on your reservation
  • Coach Companion Fare from $121 ($99 base fare plus taxes and fees from $22)
  • Earn 3 miles for every $1 spent directly on Alaska Airlines purchases.
  • Earn 1 mile for every $1 spent on all other purchases.
  • No foreign transaction fees, plus chip-enabled for enhanced security when used at chip-enabled terminals.
  • No mileage cap.
  • Miles won't expire on your active account.
  • Low Annual fee of $75
Amtrak Guest Rewards® World MasterCard®
Image of Amtrak Guest Rewards® World MasterCard® $79 2.55%
$380
Get 20,000 bonus points after you spend $1,000 in purchases on your new card within 90 days of account opening
$874
Graph Card More Details and Value Calculation

Estimated Rewards Through 24 Months

Card Rewards Estimated Rewards Value Dollars*
Spending Rewards 34,320 x $0.019 = $652
Bonuses
20,000 x $0.019 = $380
Less Annual Fees -$158
Total Net Estimated Rewards Through 24 Months 874

*The value estimate is calculated using ValuePenguin.com rewards point value.

Annual Fee $79
APR 12.99% to 22.99% Variable

Card Details

  • To welcome you to your new card, you'll also receive a complimentary Companion Coupon, One-Class Upgrade and a single-day ClubAcela® pass
Amtrak Guest Rewards® Platinum Mastercard®
Image of Amtrak Guest Rewards® Platinum Mastercard® No Annual Fee 2.56%
$228
12,000 bonus points can be yours after you spend at least $1,000 in purchases within 90 days of account opening
$880
Graph Card More Details and Value Calculation

Estimated Rewards Through 24 Months

Card Rewards Estimated Rewards Value Dollars*
Spending Rewards 34,320 x $0.019 = $652
Bonuses
12,000 x $0.019 = $228
Total Net Estimated Rewards Through 24 Months 880

*The value estimate is calculated using ValuePenguin.com rewards point value.

Annual Fee No Annual Fee
APR 12.99% to 22.99% Variable

Card Details

  • No annual fee
  • No Foreign Transaction Fees
  • 5% Amtrak Guest Rewards point rebate when you book your Amtrak redemption travel
BankAmericard Travel Rewards® for Students
No Annual Fee 2.23%
$250
25,000 online bonus points if you make at least $1,000 in purchases in the first 90 days - that can be a $250 statement credit towards travel purchases
$765
Graph Card More Details and Value Calculation

Estimated Rewards Through 24 Months

Card Rewards Estimated Rewards Value Dollars*
Spending Rewards 51,480 x $0.01 = $515
Bonuses
25,000 x $0.01 = $250
Total Net Estimated Rewards Through 24 Months 765

*The value estimate is calculated using ValuePenguin.com rewards point value.

Annual Fee No Annual Fee
APR 16.74% - 24.74% Variable

Card Details

  • 25,000 bonus points if you make at least $1,000 in purchases in the first 90 days of your account opening - which can be redeemed for a $250 statement credit toward travel purchases
  • Redeem points to pay for flights, hotels, vacation packages, cruises, rental cars, or baggage fees with no restrictions or blackouts
  • No foreign transaction fees
  • Smart chip technology provides greater acceptance and added security
  • No limits or expiration dates on points earned
BankAmericard Travel Rewards® Credit Card
No Annual Fee 2.08%
$200
20,000 online bonus points if you make at least $1,000 in purchases in the first 90 days - that can be a $200 statement credit towards travel purchases
$715
Graph Card Read Review More Details and Value Calculation

Estimated Rewards Through 24 Months

Card Rewards Estimated Rewards Value Dollars*
Spending Rewards 51,480 x $0.01 = $515
Bonuses
20,000 x $0.01 = $200
Total Net Estimated Rewards Through 24 Months 715

*The value estimate is calculated using ValuePenguin.com rewards point value.

Annual Fee No Annual Fee
APR 14.99% - 22.99% Variable

Card Details

  • Get an additional 10% customer points bonus on every purchase when you have an active Bank of America® checking or savings account
  • Redeem points to pay for flights, hotels, vacation packages, cruises, rental cars, or baggage fees with no restrictions or blackouts
  • No foreign transaction fees
  • Smart chip technology provides greater acceptance and added security
  • No limits or expiration dates on points earned
Asiana Airlines Credit Card
$99 1.75%
$140
Get 10,000 bonus miles after first purchase
$601
Graph Card Read Review More Details and Value Calculation

Estimated Rewards Through 24 Months

Card Rewards Estimated Rewards Value Dollars*
Spending Rewards 47,040 x $0.014 = $659
Bonuses
0 x $0.014 = $0
10,000 x $0.014 = $140
Less Annual Fees -$198
Total Net Estimated Rewards Through 24 Months 601

*The value estimate is calculated using ValuePenguin.com rewards point value.

Annual Fee $99
APR 14.24%

Card Details

  • And every year, you'll get: 2 Asiana Airlines lounge invitations, A 10,000 bonus Miles certificate, A $100 automatic rebate on Asiana Airlines tickets
Susan G. Komen® Credit Card
Image of Susan G. Komen® Credit Card No Annual Fee 1.95%
$150
$150 online cash rewards bonus after you spend at least $500 on purchases in the first 90 days of account opening
$668
Graph Card More Details and Value Calculation

Estimated Rewards Through 24 Months

Card Rewards Estimated Rewards Value Dollars*
Spending Rewards 518 x $1 = $518
Bonuses
0 x $1 = $0
0 x $1 = $150
Total Net Estimated Rewards Through 24 Months 668

*The value estimate is calculated using ValuePenguin.com rewards point value.

Annual Fee No Annual Fee
APR 13.24% - 23.24% Variable

Card Details

  • 0% APR for the first 12 billing cycles and for any balance transfers made in the first 60 days, then, 13.24% - 23.24% Variable APR. 3% fee (min $10) applies to balance transfers.
BankAmericard Cash Rewards™ Credit Card
No Annual Fee 1.95%
$150
$150 online cash rewards bonus after you spend at least $500 on purchases in the first 90 days of account opening
$668
Graph Card Read Review More Details and Value Calculation

Estimated Rewards Through 24 Months

Card Rewards Estimated Rewards Value Dollars*
Spending Rewards 518 x $1 = $518
Bonuses
0 x $1 = $150
Total Net Estimated Rewards Through 24 Months 668

*The value estimate is calculated using ValuePenguin.com rewards point value.

Annual Fee No Annual Fee
APR 12.99% - 22.99% Variable

Card Details

  • 0% APR for the first 12 billing cycles and for any balance transfers made in the first 60 days, then, 12.99% - 22.99% Variable APR. 3% fee (min $10) applies to balance transfers.
AAA Member Rewards Credit Card
Image of AAA Member Rewards Credit Card No Annual Fee 1.66%
$100
$100 statement credit offer after making at least $250 in purchases in the first 90 days of your account opening.
$570
Graph Card More Details and Value Calculation

Estimated Rewards Through 24 Months

Card Rewards Estimated Rewards Value Dollars*
Spending Rewards 47,040 x $0.01 = $470
Bonuses
0 x $0.01 = $0
0 x $0.01 = $100
Total Net Estimated Rewards Through 24 Months 570

*The value estimate is calculated using ValuePenguin.com rewards point value.

Annual Fee No Annual Fee
APR 13.24% to 23.24% Variable

Card Details

U.S. Pride® Credit Card
Image of U.S. Pride® Credit Card No Annual Fee 1.80%
$100
$100 online cash rewards bonus after you spend at least $500 on purchases in the first 90 days of account opening
$618
Graph Card More Details and Value Calculation

Estimated Rewards Through 24 Months

Card Rewards Estimated Rewards Value Dollars*
Spending Rewards 518 x $1 = $518
Bonuses
0 x $1 = $0
0 x $1 = $100
Total Net Estimated Rewards Through 24 Months 618

*The value estimate is calculated using ValuePenguin.com rewards point value.

Annual Fee No Annual Fee
APR 13.24% - 23.24% Variable

Card Details

  • 0% APR for the first 12 billing cycles and for any balance transfers made in the first 60 days, then, 13.24% - 23.24% Variable APR. 3% fee (min $10) applies to balance transfers.
World Wildlife Fund Credit Card
Image of World Wildlife Fund Credit Card No Annual Fee 1.80%
$100
$100 online cash rewards bonus after you spend at least $500 on purchases in the first 90 days of account opening
$618
Graph Card More Details and Value Calculation

Estimated Rewards Through 24 Months

Card Rewards Estimated Rewards Value Dollars*
Spending Rewards 518 x $1 = $518
Bonuses
0 x $1 = $0
0 x $1 = $100
Total Net Estimated Rewards Through 24 Months 618

*The value estimate is calculated using ValuePenguin.com rewards point value.

Annual Fee No Annual Fee
APR 13.24% - 23.24% Variable

Card Details

  • 0% APR for the first 12 billing cycles and for any balance transfers made in the first 60 days, then, 13.24% - 23.24% Variable APR. 3% fee (min $10) applies to balance transfers.
MLB® Credit Card
Image of MLB® Credit Card No Annual Fee 1.80%
$100
$100 online cash rewards bonus after you spend at least $500 on purchases in the first 90 days of account opening
$618
Graph Card More Details and Value Calculation

Estimated Rewards Through 24 Months

Card Rewards Estimated Rewards Value Dollars*
Spending Rewards 518 x $1 = $518
Bonuses
0 x $1 = $0
0 x $1 = $100
Total Net Estimated Rewards Through 24 Months 618

*The value estimate is calculated using ValuePenguin.com rewards point value.

Annual Fee No Annual Fee
APR 13.24% - 23.24% Variable

Card Details

  • 0% APR for the first 12 billing cycles and for any balance transfers made in the first 60 days, then, 13.24% - 23.24% Variable APR. 3% fee (min $10) applies to balance transfers.
Royal Caribbean® Credit Card
No Annual Fee 1.29%
$100
Earn 10,000 MyCruise Points after first qualifying transaction
$443
Graph Card Read Review More Details and Value Calculation

Estimated Rewards Through 24 Months

Card Rewards Estimated Rewards Value Dollars*
Spending Rewards 34,320 x $0.01 = $343
Bonuses
0 x $0.01 = $0
10,000 x $0.01 = $100
Total Net Estimated Rewards Through 24 Months 443

*The value estimate is calculated using ValuePenguin.com rewards point value.

Annual Fee No Annual Fee
APR 12.99% to 22.99% Variable

Card Details

  • No annual fee
Norwegian Cruise Line® World MasterCard® Credit Card
No Annual Fee 1.29%
$100
Earn 10,000 Bonus WorldPoints® points if you make your first transaction in the first 60 days
$443
Graph Card Read Review More Details and Value Calculation

Estimated Rewards Through 24 Months

Card Rewards Estimated Rewards Value Dollars*
Spending Rewards 34,320 x $0.01 = $343
Bonuses
0 x $0.01 = $0
10,000 x $0.01 = $100
Total Net Estimated Rewards Through 24 Months 443

*The value estimate is calculated using ValuePenguin.com rewards point value.

Annual Fee No Annual Fee
APR 12.99% - 22.99% Variable

Card Details

  • No annual fee
BankAmericard Cash Rewards™ for Students
No Annual Fee 1.29%
$100
$100 online cash rewards bonus after you spend at least $500 on purchases in the first 90 days of account opening
$443
Graph Card More Details and Value Calculation

Estimated Rewards Through 24 Months

Card Rewards Estimated Rewards Value Dollars*
Spending Rewards 343 x $1 = $343
Bonuses
0 x $1 = $100
Total Net Estimated Rewards Through 24 Months 443

*The value estimate is calculated using ValuePenguin.com rewards point value.

Annual Fee No Annual Fee
APR 13.24% - 23.24% Variable

Card Details

  • 0% APR for the first 12 billing cycles and for any balance transfers made in the first 60 days, then, 13.24% - 23.24% Variable APR. 3% fee (min $10) applies to balance transfers.
Spirit Airlines World MasterCard® Credit Card
$0 Intro Annual Fee for the first year then $59 1.05%
$75
15,000 bonus miles after your first purchase
$359
Graph Card Read Review More Details and Value Calculation

Estimated Rewards Through 24 Months

Card Rewards Estimated Rewards Value Dollars*
Spending Rewards 68,640 x $0.005 = $343
Bonuses
0 x $0.005 = $0
15,000 x $0.005 = $75
Less Annual Fees -$59
Total Net Estimated Rewards Through 24 Months 359

*The value estimate is calculated using ValuePenguin.com rewards point value.

Annual Fee $0 Intro Annual Fee for the first year then $59
APR 12.99% to 22.99% Variable

Card Details

  • 15,000 bonus miles after you make a purchase with the World MasterCard® credit card - enough for up to 3 roundtrip off-peak tickets, with taxes and fees from $11.20 per award
  • Earn 5,000 anniversary bonus FREE SPIRIT™ miles when you spend at least $10,000 in purchases annually and pay your annual fee
  • Enjoy a $0 introductory annual fee for the first year
  • a $59 fee will apply to World Mastercard® accounts thereafter
Bass Pro Shops® Outdoor Rewards® Credit Card
No Annual Fee 1.00%
$0
$343
Graph Card Read Review More Details and Value Calculation

Estimated Rewards Through 24 Months

Card Rewards Estimated Rewards Value Dollars*
Spending Rewards 34,320 x $0.01 = $343
Bonuses
0 x $0.01 = $0
0 x $0.01 = $0
Total Net Estimated Rewards Through 24 Months 343

*The value estimate is calculated using ValuePenguin.com rewards point value.

Annual Fee No Annual Fee
APR 13.24% to 23.24% Variable

Card Details

Celebrity Cruises® Visa Signature® Credit Card
$69 0.89%
$100
Get 10,000 MyCruise Points after making a transaction within 65 days of account opening; $300 discount off a future cruise of at least 7 nights or more in a Concierge Class stateroom, after $5,000 in transactions within your first 60 days
$305
Graph Card Read Review More Details and Value Calculation

Estimated Rewards Through 24 Months

Card Rewards Estimated Rewards Value Dollars*
Spending Rewards 34,320 x $0.01 = $343
Bonuses
10,000 x $0.01 = $100
Less Annual Fees -$138
Total Net Estimated Rewards Through 24 Months 305

*The value estimate is calculated using ValuePenguin.com rewards point value.

Annual Fee $69
APR 12.99% to 22.99% Variable

Card Details

  • No foreign transaction fees for non-US transactions
BankAmericard® Credit Card
Image of BankAmericard® Credit Card No Annual Fee 0.00%
$0
$0
Graph Card More Details and Value Calculation

Estimated Rewards Through 24 Months

Card Rewards Estimated Rewards Value Dollars*
Spending Rewards 0 - $0
Total Net Estimated Rewards Through 24 Months 0

*The value estimate is calculated using ValuePenguin.com rewards point value.

Annual Fee No Annual Fee
APR 14.74% to 24.74% Variable

Card Details

  • No annual fee
  • $0 balance transfer fee for transfers made within the first 60 days after that a variable APR of 14.74% to 24.74% will apply
  • No penalty APR. Paying late won't automatically raise your interest rate (APR).
  • Now, you can access your FICO® Score updated monthly for free, within your Mobile Banking app or in Online Banking.
  • “Best Card for Balance Transfers” — MONEY® Magazine ‘Best Credit Cards’ 2017
BankAmericard® Credit Card for Students
Image of BankAmericard® Credit Card for Students No Annual Fee 0.00%
$0
$0
Graph Card More Details and Value Calculation

Estimated Rewards Through 24 Months

Card Rewards Estimated Rewards Value Dollars*
Spending Rewards 0 - $0
Bonuses
0 - $0
0 - $0
Total Net Estimated Rewards Through 24 Months 0

*The value estimate is calculated using ValuePenguin.com rewards point value.

Annual Fee No Annual Fee
APR 10.99% - 20.99% Variable

Card Details

BankAmericard Secured Credit Card
Image of BankAmericard Secured Credit Card $39 -0.23%
$0
$-78
Graph Card More Details and Value Calculation

Estimated Rewards Through 24 Months

Card Rewards Estimated Rewards Value Dollars*
Spending Rewards 0 - $0
Bonuses
0 - $0
0 - $0
Less Annual Fees -$78
Total Net Estimated Rewards Through 24 Months -78

*The value estimate is calculated using ValuePenguin.com rewards point value.

Annual Fee $39
APR 20.24%

Card Details

Methodology For Choosing Best Bank of America Credit Cards

Our list of best credit cards is based on a mix of quantitative data and qualitative analysis done by our credit card team. On the qualitative side of things, we considered how easy rewards are to use, and how many things consumers can do with their benefits. Additionally, we consider the long-term value of each card, in order to account for the boost provided by generous signup bonuses.

To create a quantitative baseline for comparison, we estimated savings for each card based on a sample consumer profile. The reward estimates are based on the Average Consumer Expenditure Data collected by the Bureau of Labor Statistics, and the debt data is based on our analysis of Federal Reserve and U.S. Census Bureau data. For reward credit cards, we applied the following monthly spending structure:

  • General (All other expenditures, entertainment, apparel and services): $670
  • Groceries (food at home): $330
  • Gas (gasoline and motor oil): $200
  • Dining (good away from home): $230

For evaluating balance transfer offers, our sample indebted individual had $16,048 in debt, based on March 2016 data from the Federal Reserve's G.19 report. The APR we applied to the debt was 17%, and is based on the average interest of credit cards in our database, containing over 250 offers.

Note that the term "best" refers to the 23 cards listed on Bank of America's website, and does not factor in cards from other issuers.

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: American Express® Gold Card, 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 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, and Starwood Preferred Guest® American Express Luxury Card has been collected independently by ValuePenguin. The issuer did not provide the details, nor is it responsible for their accuracy.

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