Review: BankAmericard Cash Rewards Credit Card – Easy Rewards Redemption and More

It’s nice when a credit card does more than just give you credit, isn’t it?

In fact earning cash rewards is a pretty nice perk to get from your credit card.  And when it’s easy to get your cash back then it’s all the better.

Enter the BankAmericard Cash Rewards™ credit card.

Let’s dig a little deeper into the card now shall we?

Cash Back Rewards

The card offers up 1% cash back on all purchases.  You then get a total of 2% at grocery stores and 3% on gas.  Grocery and gas bonus rewards apply to the first $1,500 in combined purchases in these categories each quarter.

Here’s the great thing about this program – it’s automatic, meaning you don’t have to register for your cash back, and your  rewards don’t expire.  See, other programs have categories where you have to sign up each quarter in order to qualify.  The BankAmericard Cash Rewards™ credit card makes it easy to understand and earn your rewards.

How do you get your cash rewards?

Easy cash rewards

Who wouldn’t like easy cash rewards redemption?

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Your BankAmericard Cash Rewards™ credit card gives you flexible options to redeem your cash back.  Take a look at the options:

  • Have it deposited into a Bank of America checking or savings account
  • It can be credited to your credit card statement
  • Have it sent directly to you.

Those are some powerful options when you think about it.  Every time you use your card you could be putting money into savings, if you choose that option.

There’s also a bonus offer.  Get a $100 cash back bonus after you make $500 in purchases on the first 90 days of opening your account.

And if you’re already a Bank of America® customer you can enjoy a 10% cash rewards bonus when you redeem your rewards into your Bank of America checking® or savings account.

0% Intro APR

The BankAmericard Cash Rewards™ credit card offers 0% introductory rate on purchases for 12 billing cycles.  Also, if you make a balance transfer within the first 60 days then you get 0% APR for the first 12 billing cycles on your transfer.  The APR after the intro period is 12.99%-22.99% Variable* on Purchases and Balance Transfers.

Be aware there is a 3% balance transfer fee, though that is pretty much the industry average.

Other Card Perks

You get emergency assistance and automatic car-rental insurance when you are traveling.

Buy something that got damaged, lost, or stolen within 90 days?  You’re covered with Purchase Replacement.

And no need to worry about fraudulent purchases.  Your BankAmericard Cash Rewards™ credit card has a $0 Liability Guarantee.  You won’t be responsible for any fraudulent charges and you can see fraudulent purchases credited back to your account as soon as the next day.

You can also use your card as overdraft protection on your Bank of AMerica checking account if you want.

As with many banks you also have the option of using BofA’s mobile app to track your card.

Annual Fee

The BankAmericard Cash Rewards™ credit card has no annual fee.  You do need to have excellent credit to qualify though.

Finally

Should you get the BankAmericard Cash Rewards™ credit card?

This card has easy-to-use cash back rewards with great options to redeem your rewards.  If you’re a Bank of America customer then your rewards could be worth even more, making this card especially attractive for Bank of America customers.  I really like how your rewards can go right into a BofA savings or checking account.  All this and no annual fee and you’re getting APR benefits as well.

Overall this is a good cash rewards card that could be even better if you’re with Bank of America.

Disclaimer: This content is not provided by Bank of America. Opinions expressed here are author’s alone, however this site may be compensated by Bank of America.

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Published or updated September 23, 2013.

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