There are several excellent Bank of America credit cards available. These cards offer a variety of benefits, including cash back and travel rewards. Your financial situation will play a major role in choosing the best card. Bank of America credit cards are generally very good for students and business owners. It is important to choose a card that offers great benefits and rewards. Bank of America Business Advantage Customized Rewards Mastercard offers the best travel rewards credit card.
Bank of America Customized Cash Rewards Mastercard Bank of America Advantage
Bank of America Business Benefit Customized Cash Rewards credit card offers flexible rewards for business owners. The card offers $300 in statement credits per year and a minimum spending requirement for $3,000 Earn two percent cashback on dining orders and one per cent on everything else. These rewards can add up to a limit of $50,000 on your credit card.
Applicants must have a FICO(r) score of 720 or higher to qualify for this card. While the minimum credit score isn't too high, most applicants will receive approval with credit scores in good to excellent range. The Bank of America Business Advantage Personal Cash Rewards Mastercard has a 3% foreign transaction fees.
Cash back can be redeemed by customers for cash, statement credit or check. Bank of America also offers monthly category changes. It is possible to either automatically invest the cash in Merrill Lynch's investment account, or directly into Bank of America.
Bank of America's Premium Rewards card
Bank of America Premium Credit Card is a great option if you want to earn generous rewards without paying a high annual fee. Its low annual fee and comparatively modest sign-up bonus make it a great option for many consumers. Additionally, the bank's card offers enhanced rewards tiers for Merrill account holders and Preferred Rewards Members. This card allows you to earn points for all your purchases.
One of the best perks of Bank of America Premium Rewards credit cards is that they don't charge foreign transaction fees. These fees can amount to up to 1.49% of your international purchase. The downside is that you must have top-tier credit to qualify for this card, which can be a challenge for most consumers.
Bank of America's Cash Rewards Credit Cards for Students
The Bank of America Cash Rewards Credit Card for Students is an excellent choice for students who want a cash back card with a variety of benefits. The card offers a $0 liability guarantee for fraudulent transactions, as well as many features that will help students manage their money. It has an extensive rewards program that lets you earn points for every purchase you make and has a variety of bonuses, including one that matches your cash back in different categories.
Students can redeem their rewards in several ways, including statement credits, deposits into Bank of America accounts, and paper checks. As long as you keep an active account, your credit card won't expire.