Insider’s experts choose the best products and services to help make smart decisions with your money (here’s how). In some cases, we receive a commission from our our partners, however, our opinions are our own. Terms apply to offers listed on this page.
Bank of America credit cards might not be as flashy as those from big issuers like Chase and American Express, but that doesn’t make them any less worthwhile. Bank of America offers a surprising number of cash-back, flexible points, and travel rewards credit cards worth considering, including personal and small-business options.
Compare the best Bank of America credit cards
Earn more with the Bank of America Preferred Rewards program
Bank of America cards are much more valuable if you’re a member of Bank of America Preferred Rewards. The Bank of America Preferred Rewards program earns cardholders up to 75% more rewards and exclusive benefits on eligible Bank of America cards (not including co-branded cards like the Alaska Airlines Visa® Credit Card). You need at least $20,000 total in your Bank of America or Merrill (BofA’s wealth management division) accounts to become a Preferred Rewards member.
Your reward rates and benefits are determined by your tier level.
Preferred Rewards tiers:
Gold: Earns 25% more rewards on purchases (a minimum of $20,000 on deposit in eligible BofA/Merrill accounts)
Platinum: Earns 50% more rewards on purchases (a minimum of $50,000 on deposit)
Platinum Honors: Earns 75% more rewards on purchases (a minimum of $100,000 on deposit)
Depending on your tier level, being a Preferred Rewards member can significantly increase the value of certain Bank of America credit cards. For example, the Bank of America® Unlimited Cash Rewards Credit Card earns up to 2.625% cash back on all purchases (1.5% normally).
The best Bank of America credit card reviews
Bank of America Unlimited Cash Rewards Card
Why the BofA Unlimited Cash Rewards card is worth it: The Bank of America® Unlimited Cash Rewards Credit Card is an excellent choice for straightforward flat-rate rewards on all purchases. Cardholders get a generous welcome bonus and flexible redemption options for no annual fee. One of the greatest aspects of this card is the long 0% intro APR on balance transfers and purchases.
Welcome bonus offer: Earn a Bank of America® Unlimited Cash Rewards …read more
Source:: Business Insider