Best Bank of America Credit Cards of October 2022 - NerdWallet Advertiser disclosure

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Best Bank of America Credit Cards of October 2022

NerdWallet Oct 3, 2022 Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money. ALSO SEE: Best credit cards of 2022 Visa Mastercard American Express Discover Bank of America Capital One Chase Citi US Bank Wells Fargo Some Bank of America credit cards reward loyal Bank of America customers who keep all their accounts in one place. But even if you bank elsewhere, the issuer offers cards with solid benefits. ALSO SEE: Best credit cards of 2022 Visa Mastercard American Express Discover Bank of America Capital One Chase Citi US Bank Wells Fargo Some Bank of America credit cards reward loyal Bank of America customers who keep all their accounts in one place. But even if you bank elsewhere, the issuer offers cards with solid benefits.Show summary

NerdWallet' s Best Bank of America Credit Cards of October 2022

Bank of America Customized Cash Rewards credit card: Best for Bonus category cash backBank of America Unlimited Cash Rewards credit card: Best for Simple cash backBank of America Travel Rewards credit card: Best for TravelBank of America Premium Rewards credit card: Best for Premium travel rewardsBankAmericard credit card: Best for Balance transfersBank of America Business Advantage Travel Rewards World Mastercard credit card: Best for Small business

Best Bank of America Credit Cards From Our Partners

Credit cardNerdWallet rating NerdWallet's ratings are determined by our editorial team. The scoring formulas take into account multiple data points for each financial product and service.Annual feeIntro APRRegular APRLearn more Bank of America Customized Cash Rewards credit cardApply now on Bank of America's website, or call (877) 754-6706 4.0/5 Best for Bonus category cash back$00% intro APR on Purchases for 18 billing cycles and 0% intro APR on Balance Transfers for 18 billing cycles for any balance transfers made in the first 60 days16.99%-26.99% Variable APRApply now on Bank of America's website, or call (877) 754-6706 Bank of America Unlimited Cash Rewards credit cardApply now on Bank of America's website, or call (800) 343-3246 4.6/5 Best for Simple cash back$00% intro APR on Purchases for 18 billing cycles and 0% intro APR on Balance Transfers for 18 billing cycles for any balance transfers made in the first 60 days16.99%-26.99% Variable APRApply now on Bank of America's website, or call (800) 343-3246 Bank of America Travel Rewards credit cardApply now on Bank of America's website 3.8/5 Best for Travel$00% intro APR on Purchases for 18 billing cycles and 0% intro APR on Balance Transfers for 18 billing cycles for any balance transfers made in the first 60 days16.99%-26.99% Variable APRApply now on Bank of America's website Bank of America Premium Rewards credit cardApply now on Bank of America's website 4.2/5 Best for Premium travel rewards$95N/A18.99%-25.99% Variable APRApply now on Bank of America's website BankAmericard credit cardApply now on Bank of America's website, or call (800) 322-7707 5.0/5 Best for Balance transfers$00% intro APR on Purchases for 21 billing cycles and 0% intro APR on Balance Transfers for 21 billing cycles for any balance transfers made in the first 60 days14.99%-24.99% Variable APRApply now on Bank of America's website, or call (800) 322-7707 Bank of America Business Advantage Travel Rewards World Mastercard credit cardApply now on Bank of America's website 3.9/5 Best for Small business$00% intro APR on Purchases for 9 billing cycles15.24%-25.24% Variable APRApply now on Bank of America's website Our pick for Bonus category cash backApply nowon Bank of America's website, or call (877) 754-6706

Bank of America Customized Cash Rewards credit card

4.0NerdWallet rating NerdWallet's ratings are determined by our editorial team. The scoring formula takes into account the type of card being reviewed (such as cash back, travel or balance transfer) and the card's rates, fees, rewards and other features.Apply nowon Bank of America's website, or call (877) 754-6706Annual fee $0Intro APR 0% intro APR on Purchases for 18 billing cycles and 0% intro APR on Balance Transfers for 18 billing cycles for any balance transfers made in the first 60 daysRegular APR 16.99%-26.99% Variable APRRecommended Credit Score690850good - excellentSee your approval oddsSee your approval odds A credit score in or above the recommended range means you have a higher chance of approval, but doesn’t guarantee it. Use this link to create an account and connect your credit score with TransUnion to get an estimate of your approval odds based on your credit score and other factors. Read more.Why We Like It Pros & Cons Product Details With the Bank of America Customized Cash Rewards credit card, you'll earn 3% cash back in a category of your choice (from a list of six) and 2% at grocery stores and wholesale clubs, for the first $2,500 in combined purchases each quarter (1% back after reaching that threshold). All other purchases earn 1% cash back. This is a solid, flexible cash-back card, and it's especially lucrative for Preferred Rewards clients. With the Bank of America Customized Cash Rewards credit card, you'll earn 3% cash back in a category of your choice (from a list of six) and 2% at grocery stores and wholesale clubs, for the first $2,500 in combined purchases each quarter (1% back after reaching that threshold). All other purchases earn 1% cash back. This is a solid, flexible cash-back card, and it's especially lucrative for Preferred Rewards clients. Pros Get bonus cash back at grocery stores, wholesale clubs and a category of your choice (gas, dining, travel, drugstores, online shopping, or furniture and home-improvement stores). You can change your chosen 3% category once a month. Earn $200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening.. Get a bonus of 25% to 75% of the rewards you earn if you're a Preferred Rewards client. There's also a pretty good 0% intro APR period. Cons The card's quarterly cap on rewards isn't ideal for larger spenders, and bonus rewards top out at 3% if you aren't a Preferred Rewards client. Other cash-back cards offer as much as 5% on quarterly bonus categories.Read full review $200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening. Earn 3% cash back in the category of your choice, automatic 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. If you're a Preferred Rewards member, you can earn 25%-75% more cash back on every purchase. That means you could earn 3.75%-5.25% cash back on purchases in your choice category. No annual fee and no expiration on rewards. New longer intro period! 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, 16.99% - 26.99% Variable APR will apply. A 3% fee (min $10) applies to all balance transfers. Contactless Cards - The security of a chip card, with the convenience of a tap. This online only offer may not be available if you leave this page or if you visit a Bank of America financial center. You can take advantage of this offer when you apply now. Our pick for Simple cash backApply nowon Bank of America's website, or call (800) 343-3246

Bank of America Unlimited Cash Rewards credit card

4.6NerdWallet rating NerdWallet's ratings are determined by our editorial team. The scoring formula takes into account the type of card being reviewed (such as cash back, travel or balance transfer) and the card's rates, fees, rewards and other features.Apply nowon Bank of America's website, or call (800) 343-3246Annual fee $0Intro APR 0% intro APR on Purchases for 18 billing cycles and 0% intro APR on Balance Transfers for 18 billing cycles for any balance transfers made in the first 60 daysRegular APR 16.99%-26.99% Variable APRRecommended Credit Score690850good - excellentSee your approval oddsSee your approval odds A credit score in or above the recommended range means you have a higher chance of approval, but doesn’t guarantee it. Use this link to create an account and connect your credit score with TransUnion to get an estimate of your approval odds based on your credit score and other factors. Read more.Why We Like It Pros & Cons Product Details The $0-annual-fee Bank of America Unlimited Cash Rewards credit card earns a simple, straightforward rate on all purchases, and you can boost that rate even further if you're eligible for the Bank of America Preferred Rewards program. The $0-annual-fee Bank of America Unlimited Cash Rewards credit card earns a simple, straightforward rate on all purchases, and you can boost that rate even further if you're eligible for the Bank of America Preferred Rewards program. Pros The card earns an unlimited 1.5% back on all purchases, an uncomplicated rate that's in line with the industry standard. On top of that, it offers incentives, including a sign-up bonus and an intro APR on purchases and balance transfers. Cons In recent years, a 1.5% rewards rate has become table stakes. You can find any number of cards with higher rewards rates. Read full review $200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening. Earn unlimited 1.5% cash back on all purchases. If you're a Preferred Rewards member, you can earn 25%-75% more cash back on every purchase. That means you could earn 1.87%-2.62% cash back on every purchase with Preferred Rewards. No annual fee. No limit to the amount of cash back you can earn and cash rewards don’t expire. New longer intro period! 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, 16.99% - 26.99% Variable APR will apply. A 3% fee (min $10) applies to all balance transfers. Contactless Cards - The security of a chip card, with the convenience of a tap. This online only offer may not be available if you leave this page or if you visit a Bank of America financial center. You can take advantage of this offer when you apply now. Our pick for TravelApply nowon Bank of America's website

Bank of America Travel Rewards credit card

3.8NerdWallet rating NerdWallet's ratings are determined by our editorial team. The scoring formula takes into account the type of card being reviewed (such as cash back, travel or balance transfer) and the card's rates, fees, rewards and other features.Apply nowon Bank of America's websiteAnnual fee $0Intro APR 0% intro APR on Purchases for 18 billing cycles and 0% intro APR on Balance Transfers for 18 billing cycles for any balance transfers made in the first 60 daysRegular APR 16.99%-26.99% Variable APRRecommended Credit Score690850good - excellentSee your approval oddsSee your approval odds A credit score in or above the recommended range means you have a higher chance of approval, but doesn’t guarantee it. Use this link to create an account and connect your credit score with TransUnion to get an estimate of your approval odds based on your credit score and other factors. Read more.Why We Like It Pros & Cons Product Details The Bank of America Travel Rewards credit card earns an unlimited 1.5 points per dollar spent on all purchases, which is a decent rate among travel credit cards with no annual fee. It offers redemption flexibility by letting you book your travel on your own and then redeem your points for a statement credit. You can also redeem points for restaurant purchases. If you can take advantage of the Preferred Rewards program bonus or you travel infrequently and want to avoid an annual fee, this card is an excellent choice. The Bank of America Travel Rewards credit card earns an unlimited 1.5 points per dollar spent on all purchases, which is a decent rate among travel credit cards with no annual fee. It offers redemption flexibility by letting you book your travel on your own and then redeem your points for a statement credit. You can also redeem points for restaurant purchases. If you can take advantage of the Preferred Rewards program bonus or you travel infrequently and want to avoid an annual fee, this card is an excellent choice. Pros Get a bonus of 25% to 75% of the rewards earned on every purchase if you're a Bank of America Preferred Rewards client. The card comes with a 0% APR period on purchases, and there's also a sign-up bonus: 25,000 online bonus points after 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.. The annual fee is $0, and there's also no foreign transaction fee. Cons The card has a low sign-up bonus compared with some of the top travel cards on the market. Big spenders and frequent travelers may be better off with a card that offers bonus rewards for travel purchases, like the Bank of America Premium Rewards credit card. Its $95 annual fee can be offset by up to $200 in statement credits for travel expenses, and it comes with this more substantial bonus: Receive 50,000 online bonus points - a $500 value - after you make at least $3,000 in purchases in the first 90 days of account opening.Read full review 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. 25,000 online bonus points after 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 travel or dining purchases, such as flights, hotel stays, car and vacation rentals, baggage fees, and also at restaurants including takeout. New longer intro period! 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, 16.99% - 26.99% Variable APR will apply. A 3% fee (min $10) applies to all balance transfers. If you're a Preferred Rewards member, you can earn 25%-75% more points on every purchase. That means instead of earning an unlimited 1.5 points for every $1, you could earn 1.87-2.62 points for every $1 you spend on purchases. Contactless Cards - The security of a chip card, with the convenience of a tap. This online only offer may not be available if you leave this page or if you visit a Bank of America financial center. You can take advantage of this offer when you apply now. Our pick for Premium travel rewardsApply nowon Bank of America's website

Bank of America Premium Rewards credit card

4.2NerdWallet rating NerdWallet's ratings are determined by our editorial team. The scoring formula takes into account the type of card being reviewed (such as cash back, travel or balance transfer) and the card's rates, fees, rewards and other features.Apply nowon Bank of America's websiteAnnual fee $95Intro APR N/ARegular APR 18.99%-25.99% Variable APRRecommended Credit Score690850good - excellentSee your approval oddsSee your approval odds A credit score in or above the recommended range means you have a higher chance of approval, but doesn’t guarantee it. Use this link to create an account and connect your credit score with TransUnion to get an estimate of your approval odds based on your credit score and other factors. Read more.Why We Like It Pros & Cons Product Details The Bank of America Premium Rewards credit card gives you bonus rewards on travel and dining, like many cards in its class, but the rate it pays on "all other spending" is 50% higher than comparable cards offer. It comes with a bevy of travel perks that make it well worth the annual fee. The Bank of America Premium Rewards credit card gives you bonus rewards on travel and dining, like many cards in its class, but the rate it pays on "all other spending" is 50% higher than comparable cards offer. It comes with a bevy of travel perks that make it well worth the annual fee. Pros Earn 2 points per dollar spent on travel and dining and 1.5 points per dollar on everything else — a significant boost over the 1% base rate on typical cards. Points are worth the same whether you redeem them for travel or cash back. There are statement credits for airline incidentals and a TSA Precheck/Global Entry application fee and a rather good sign-up bonus: Receive 50,000 online bonus points - a $500 value - after you make at least $3,000 in purchases in the first 90 days of account opening.. Cons Points can't be transferred to partner airline or hotel programs for potentially greater value, as is the case with several competing cards. Read full review Receive 50,000 online 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 for every $1 spent on all other purchases. If you're a Bank of America Preferred Rewards member, you can earn 25%-75% more points on every purchase. That means you could earn 2.5-3.5 points on travel and dining purchases and 1.87-2.62 points on all other purchases, for every $1 you spend. 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 accounts, or gift cards or purchases at the Bank of America Travel Center. Get up to $100 in Airline Incidental Statement Credits annually and TSA PreCheck/Global Entry Statement Credits of up to $100, every four years. No foreign transaction fees. Low $95 annual fee. This online only offer may not be available if you leave this page or if you visit a Bank of America financial center. You can take advantage of this offer when you apply now. Our pick for Balance transfersApply nowon Bank of America's website, or call (800) 322-7707

BankAmericard credit card

5.0NerdWallet rating NerdWallet's ratings are determined by our editorial team. The scoring formula takes into account the type of card being reviewed (such as cash back, travel or balance transfer) and the card's rates, fees, rewards and other features.Apply nowon Bank of America's website, or call (800) 322-7707Annual fee $0Intro APR 0% intro APR on Purchases for 21 billing cycles and 0% intro APR on Balance Transfers for 21 billing cycles for any balance transfers made in the first 60 daysRegular APR 14.99%-24.99% Variable APRRecommended Credit Score690850good - excellentSee your approval oddsSee your approval odds A credit score in or above the recommended range means you have a higher chance of approval, but doesn’t guarantee it. Use this link to create an account and connect your credit score with TransUnion to get an estimate of your approval odds based on your credit score and other factors. Read more.Why We Like It Pros & Cons Product Details The BankAmericard credit card is a good option if you need to consolidate and pay off high-interest credit card debt, thanks to its 0% intro APR period and $0 annual fee. The BankAmericard credit card is a good option if you need to consolidate and pay off high-interest credit card debt, thanks to its 0% intro APR period and $0 annual fee. Pros The card offers 0% intro APR on Purchases for 21 billing cycles and 0% intro APR on Balance Transfers for 21 billing cycles for any balance transfers made in the first 60 days, and then the ongoing APR of 14.99%-24.99% Variable APR. Cons This card doesn't offer rewards, and there's little incentive to use it after you've paid off your balance. It charges a balance transfer fee of 3% of the amount transferred, or $10, whichever is greater. Read full review New longer intro period! 0% Introductory APR for 21 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the intro APR offer ends, 14.99% - 24.99% 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. Contactless Cards - The security of a chip card, with the convenience of a tap. This online only offer may not be available if you leave this page or if you visit a Bank of America financial center. You can take advantage of this offer when you apply now. Our pick for Small businessApply nowon Bank of America's website

Bank of America Business Advantage Travel Rewards World Mastercard credit card

3.9NerdWallet rating NerdWallet's ratings are determined by our editorial team. The scoring formula takes into account the type of card being reviewed (such as cash back, travel or balance transfer) and the card's rates, fees, rewards and other features.Apply nowon Bank of America's websiteAnnual fee $0Intro APR 0% intro APR on Purchases for 9 billing cyclesRegular APR 15.24%-25.24% Variable APRRecommended Credit Score720850excellentSee your approval oddsSee your approval odds A credit score in or above the recommended range means you have a higher chance of approval, but doesn’t guarantee it. Use this link to create an account and connect your credit score with TransUnion to get an estimate of your approval odds based on your credit score and other factors. Read more.Why We Like It Pros & Cons Product Details The Bank of America Business Advantage Travel Rewards World Mastercard credit card is a solid choice for business owners who want travel rewards with no annual fee. There's a generous sign-up bonus, and because there are no foreign transaction fees, the card is ideal to accompany you around the world. The Bank of America Business Advantage Travel Rewards World Mastercard credit card is a solid choice for business owners who want travel rewards with no annual fee. There's a generous sign-up bonus, and because there are no foreign transaction fees, the card is ideal to accompany you around the world. Pros Start off with a nice bonus for a no-fee card: Earn 30,000 online bonus points after you make at least $3,000 in net purchases in the first 90 days of your account opening which can be redeemed for a $300 statement credit towards travel or dining purchases.. Earn 3 points per dollar spent on rental car, hotel or airline purchases booked through the Bank of America Travel Center. All other purchases earn unlimited 1.5 points for every dollar. There's also an introductory 0% APR period if you've got a big purchase you need to spread out. Cons Other business travel cards come with annual fees, but they also offer larger sign-up bonuses or higher ongoing rewards. Read full review Earn 30,000 online bonus points after you make at least $3,000 in net purchases in the first 90 days of your account opening which can be redeemed for a $300 statement credit towards travel or dining purchases. Earn unlimited 1.5 points for every $1 spent on all purchases everywhere, every time-no matter how much you spend. Points don't expire. Earn 3 points per every dollar spent on travel purchases (car, hotel, airline) booked through the Bank of America Travel Center. No annual fee and no international transaction fees. 0% Introductory APR on purchases for your first 9 billing cycles. After the intro APR offer ends, a Variable APR that's currently 15.24% to 25.24% will apply. Redeem points for a statement credit to offset travel and dining purchases, travel with no blackout dates at the Bank of America Travel Center, cash back or gift cards. Earn up to 75% more points on every purchase, if you have a business checking account with Bank of America and qualify for our highest Preferred Rewards for Business tier. That means you could earn up to an unlimited 2.62 points per $1 spent on all purchases and up to 5.25 points per $1 spent at the Bank of America Travel Center. Contactless Cards - The security of a chip card, with the convenience of a tap. This offer may not be available if you leave this page or visit our website. You can take advantage of this offer when you apply now. Here are the top Bank of America credit cards. Click the card name to read our review. Before applying, verify details on the issuer's website:

Bank of America Customized Cash Rewards credit card

Our pick for: Bonus category cash back The Bank of America Customized Cash Rewards credit card gives you a little more control over your credit card rewards by letting you choose which category earns the highest cash-back rate, from a list that includes gas stations, restaurants, travel and others. You also get bonus rewards at grocery stores and supermarkets, plus a great new-cardholder bonus offer. Read our review.

Bank of America Unlimited Cash Rewards credit card

Our pick for: Simple cash back The Bank of America Unlimited Cash Rewards credit card is one of many 1.5% flat-rate cash-back cards on the market. It comes with a decent sign-up bonus, a generous intro APR period, and the potential to supercharge your earnings through Bank of America's Preferred Rewards program. Read our review.

Bank of America Travel Rewards credit card

Our pick for: Travel + no annual fee One of the best no-annual-fee travel cards available, the Bank of America Travel Rewards credit card gives you a solid rewards rate on every purchase, with points that can be redeemed for any travel purchase, without the restrictions of branded airline and hotel cards. Bank of America has an expansive definition of "travel," too, giving you additional flexibility in how you use your rewards. Read our review.

Bank of America Premium Rewards credit card

Our pick for: Travel perks Like some other travel cards at its price point, the Bank of America Premium Rewards credit card gives you bonus rewards on travel and dining. But you also earn a higher rate on "other" spending than many competing cards offer. There's a great sign-up bonus and some other good perks. And if you're a Bank of America Preferred Rewards customer, your rewards get even better. Read our review.

BankAmericard credit card

Our pick for: Balance transfers/intro 0% period The BankAmericard credit card isn't flashy, nor does it aim to be. You get one of the longest 0% introductory APR periods available anywhere, providing plenty of time to whittle down debt or finance a large purchase. And that's about it. Read our review.

Bank of America Business Advantage Customized Cash Rewards Mastercard credit card

Our pick for: Small business cash back The Bank of America Business Advantage Customized Cash Rewards Mastercard credit card gives entrepreneurs a little control over their credit card rewards by letting them choose which category earns the highest cash-back rate. Options include gas stations, office supplies, travel, computer services and more. There are also bonus rewards on dining and no annual fee. Read our review.

Bank of America Business Advantage Travel Rewards World Mastercard credit card

Our pick for: Small business travel rewards This is the business version of the issuer's excellent no-annual-fee travel card. The Bank of America Business Advantage Travel Rewards World Mastercard credit card pays solid rewards on every purchase and gives you wide flexibility in redeeming your points for any travel purchase, without the restrictions of branded airline and hotel cards. Read our review.

Other cards issued by Bank of America

Bank of America Platinum Plus Mastercard Business card Alaska Airlines Visa Signature credit card Alaska Airlines Visa Business card Last updated on October 3, 2022

Methodology

NerdWallet's credit cards team selects the best credit cards in each category based on overall consumer value. Factors in our evaluation include fees, promotional and ongoing APRs, and sign-up bonuses; for rewards cards, we consider earning and redemption rates, redemption options and redemption difficulty. A single card is eligible to be chosen as among the "best" in multiple categories. Learn how NerdWallet rates credit cards.

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