Being the second largest U.S bank by assets, bank of America serves a large user base. With credible services and offerings, the number of users is surging each day and currently, it has more than 66 million consumers. It has an impressive line-up of credit cards that run the gamut from airline credit cards to cashback credit cards. Not only this, the best Bank of America credit cards have options for students to build or rebuild their credit scores.
There are several best Bank of America credit cards to choose as per your preferred category. If you prefer to travel in luxury or the one who is looking for solid cashback, the bank has something for all. We have evaluated various options for the best Bank of America credit cards so you will be able to find the one that fits well with your needs. Also, Bank of America offers exclusive offers and discounts to its loyal customers who keep all their accounts in one place. Without further ado, let’s dig deeper into the details of the best Bank of America credit cards of 2024.
Table of Contents
Quick Summary – Best Bank of America Credit Cards of 2024
- Bank of America® Unlimited Cash Rewards Credit Card – Best secured card for cashback
- Bank Americard® Credit Card – Best in-class card for balance transfers
- Bank of America® Customized Cash Rewards Credit Card – Best for bonus category cashback to maximize your earnings
- Bank of America Business Advantage Travel Rewards World Mastercard® Credit Card – Best card for small-scale businesses
- Bank of America® Premium Rewards® Credit Card – Best card to leverage premium travel rewards
Charting the Best Bank of America Credit Cards of 2024
| Card | Annual Fee | Credit Score Required | Regular APR | Best For |
| Bank of America® Unlimited Cash Rewards Credit Card | None | Good | 17.24% – 27.24% Variable APR | Flat-rate cash back |
| Bank Americard® Credit Card | None | Fair | 16.49% – 26.49% Variable APR | No annual fee |
| Bank of America® Customized Cash Rewards Credit Card | None | Good | 17.24% – 27.24% Variable APR | Flexible cash back |
| Bank of America Business Advantage Travel Rewards World Mastercard® Credit Card | None | Good | 17.24% – 27.24% Variable APR | Small businesses |
| Bank of America® Premium Rewards® Credit Card | $95 | Good | 17.99% – 27.99% Variable APR | Travel rewards |
1. Bank of America® Unlimited Cash Rewards Credit Card
Annual fee: $0
Reward rate:Â 1.5%
Regular APR: 28.24%
Introductory offer: $200
This card gained the top position among the best Bank of America credit cards and can help you earn unlimited flat-rate cashback on all purchases. With no annual fee, this card is a must-have in the wallet for all purchases. Apart from the 1.5% cashback, you can easily secure a high cashback rate if you are a loyal Bank of America Preferred Rewards member.
Product highlights of #1 and best Bank of America credit cards
- $200 as the cash reward bonus once you make purchases up to $1000 in the first 90 days of account opening
- Easily earn 1.5% flat cashback on all the purchases you make
- If you are a Preferred Rewards member, you can easily earn 25%-75% more cashback on every purchase. This means that the cashback rewards can go up to 1.87%-2.62%
- Being one of the best Bank of America credit cards, it charges no annual fee so it’s easy to build and rebuild your credit
- Cashback and cash rewards, you earn don’t expire
- Offers 0% introductory APR for 15 billing cycles for purchases and balance transfers and then regular APR will be applicable
- This is a contactless card that comes with a security chip and the convenience of a tap
| Pros | Cons |
| Simple reward structure that is comparatively easy to manage | Charges foreign transaction fee |
| Get free access to the FICO score | A minimum deposit of at least $200 is required |
| Potential to graduate to an unsecured card after making timely payments | Other cards offer bonus points on common everyday purchases |
| No annual fee |
Best Cashback Credit Cards for 2024Â
If you are seeking cashback cards with greater flexibility and reward, you can look in detail at the 10 best cashback credit cards. This way you can find the best cashback credit card for your needs and maximize your earnings on purchases.
2. Bank Americard® Credit Card
Annual fee: $0
Reward rate: Nil
Regular APR: 16.24%-28.24% (Variable APR)
Introductory offer: Not Applicable
For all those looking for a card for balance transfers, Bank Americard® Credit Card offer low introductory APR offer that makes it a great choice for it . The 0% introductory APR on purchases and balance transfers are for the extended period of 18 billing cycles. Although there are no rewards or perks to maximize your earning but it’s an excellent choice for balance transfers. As there are no penalty APR, so you can make use of this card in a tension free manner.
Product highlights of #2 and best Bank of America credit cards
- Offers 0% introductory APR on balance transfers and purchases for 18 billing cycles but 3% fee applies to balance transfers
- Charges no annual fee
- Charges no penalty APR and paying late won’t add an additional interest rate to your balance
- Get access to your FICO score for free through the mobile banking application
- This is a contactless card that comes with a security chip and the convenience of a tap
| Pros | Cons |
| No penalty APR | No rewards program |
| Get free access to the FICO score | Foreign transaction fee |
| No annual fee |
3. Bank of America® Customized Cash Rewards Credit Card
Annual fee: $0
Reward rate:Â 1%-3%
Regular APR: 18.24%-28.24% (Variable APR)
Introductory offer: $200
This card is considered good for students who want to boost their credit score with no annual charges. Through this card, you can earn impressive cashbacks on bonus categories along with other categories of your choice. The card holds more value if you are a preferred rewards program member. In brief, this card is only a good option for the mediocre spenders.
Product highlights of #3 and best Bank of America credit cards
-  Get $200 cash rewards bonus after making purchases of at least $1000 in first 90 days of account opening
- Being in the list of best Bank of America credit cards, this card can earn you a cashback of 3% of the category of your own choice and 2% cashback at grocery stores and wholesale clubs with combined purchases of at least $ 2500
- Â Get unlimited 1% cashback on all the other purchases
-  More bonus categories are added to expand the list of bonus categories and to facilitate a large user base. For instance, Electric Vehicle Charging and online shopping are added after careful consideration
- If you are a preferred Rewards member, then you can gain 25%-75% more cashback which means 3.75%-5.25% cashback on the chosen category
- Comes with no annual fee and no due date for reward usage
- Â Offers 0% introductory APR for balance transfers and purchases for 15 billing cycles. Moreover 3% balance transfer fee is applicable.
| Pros | Cons |
| Easy to earn welcome bonus | Charges 3% foreign transaction fee |
| Competitive cash back rewards rate | High penalty APR and late fees |
| Introductory APR with lenient terms and conditions |
4. Bank of America Business Advantage Travel Rewards World Mastercard® Credit Card
Annual fee: $0
Reward rate:Â 1.5x
Regular APR: 18.49%-28.49% (Variable APR)
Introductory offer:Â 30,000 points
This card is regarded as a strong choice for business rewards. Being in the list of the best Bank of America credit cards, it comes with no annual fee and no foreign transaction fee and is truly geared toward people who love to travel frequently. The travel-related benefits of the card surpass in terms of value and hence a great option to keep in your wallet.
Product highlights of #4 and best Bank of America credit cards
- Â Earn 30,000 bonus points after you make purchases of at least $3,000 in the first 90 days of account opening. Moreover, the bonus points can also be redeemed and statement credit of $3000 for travel and dining purchases
- Â Earn unlimited 1.5 points on each dollar you spend
- No limit on the amount of points you can earn through this card
-  If you have a business checking account with Bank of America and qualify for the highest Preferred Rewards for business tier , you have the chance to earn 75% more point on purchases you make
- Charges no annual or transaction fee
- Being one of the best Bank of America credit cards, it gives you the option to choose how to redeem points for statement credit for travel and dining purchases
- Offers 0% introductory APRÂ on purchases for 9 billing cycles and then variable APR of 18.49%-28.49%Â is applicable
-  This is a contactless card that comes with the security of a chip and the convenience of a tap
| Pros | Cons |
| Get generous rewards on car, hotel, travel booked through Bank of America Travel Center | Requires excellent credit score |
| No rewarding caps for the categories | Benefits are travel-related solely |
| Charges no foreign transaction fee |
5. Bank of America® Premium Rewards® Credit Card
Annual fee: $95
Reward rate:Â 1.5x -2x
Regular APR: 20.24%-27.24% (Variable APR)
Introductory offer: 60,000 points
To all the credit card novices and point fans, this card from Bank of America is for you. This is a stress-free travel card with greater perks to earn lucrative points. The points are easy to redeem and there are numerous transfer partners to keep the reward structure simple. All frequent travelers who are looking for greater flexibility should keep the Bank of America® Premium Rewards® Credit Card in their wallet.
Product highlights of #5 and best Bank of America credit cards
- Get 60,000 bonus points that are equivalent to $600 in value after spending an amount of $4,000 on purchases in the first 90 days of account opening
- With one of the best Bank of America credit cards, you can earn 2 points on each dollar you spend on dining and travel purchases
- Earn unlimited 1.5 points on all other purchases you make
- There is no limit on the points you can earn and points don’t expire early
-  If you are a Preferred Reward member, then earning can go up to 2.5-3,5 points on travel and dining while 1.87-2.62 on all other purchases
- Through this card, you can redeem cashback as a statement credit, credit deposit in Bank of America®, gift cards, and all other purchases at the Bank of America Travel Centre
- Being the first-class travel card, you can get up to $100 as Airline incidental statement credit annually
-  This card gives you reimbursements for travel insurance protections for trip cancellation , interruption, baggage delays, and lost luggage
| Pros | Cons |
| Generous sign up bonus | Requires excellent credit score |
| Offers premium travel protections |  Best rewards are limited to certain customers |
| Greater rewards rate for Bank of America and Merrill customers |
 Frequently Asked Questions
Are there any good bank of America cashback credit cards?
Yes, the Bank of America® Unlimited Cash Rewards Credit Card can help you earn solid flat-rate cashback on all purchases. Moreover, for loyal members, the value in terms of cashback is greater to give a huge boost to the earnings.
 Which Bank of America credit card offers the highest limit?
 Among the list of the best Bank of America credit cards, Bank of America® Customized Cash Rewards Credit Card offers the highest credit limit which is up to the amount of $95,000.
