Bank of America Credit Card Reviews, Rules & Opinions

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Updated: June 13, 2024

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The different types of Bank of America cards include rewards cards, cash back cards, co-branded cards, student cards, secured cards and business cards. In all, the bank currently has 27 cards on offer. If you wish to qualify for the best Bank of America credit cards, you’ll typically need a credit score of over 750. However, the bank also has cards for people with credit scores of over 650.

Students with little to no credit history get a few options to choose from, as do people who wish to build their credit by using secured cards.

Featured Credit Cards Offered by Bank of America

Bank of America has 27 credit cards in its portfolio. These include rewards credit cards for individuals and businesses, student credit cards, secured credit cards and a few co-branded cards. A number of these cards come with spend-based welcome bonuses in the form of cash rewards, statement credits and bonus points.

  • Credit Card
    Category
    Avg. Reward Rate
    Annual Fee
    Credit Needed
  • Bank of America® Business Advantage Travel Rewards World Mastercard® credit card
    Bank of America® Business Advantage Travel Rewards World Mastercard® credit card
    Small Business
    1.5–3 Points
    $0
    Excellent
  • Norwegian Cruise Line® World Mastercard®
    Norwegian Cruise Line® World Mastercard®
    Travel Rewards
    1–3 Points
    $0
    Good–Excellent
  • BankAmericard® Secured Credit Card
    BankAmericard® Secured Credit Card
    Secured
    $0
    None–Poor
  • Bank of America® Platinum Plus® Mastercard® Business card
    Bank of America® Platinum Plus® Mastercard® Business card
    Small Business
    None
    $0
    Good–Excellent
  • Celebrity Visa Signature® Card
    Celebrity Visa Signature® Card
    Travel Rewards
    1–2 Points
    $0
    Good–Excellent
  • Royal Caribbean Visa Signature® Card
    Royal Caribbean Visa Signature® Card
    Travel Rewards
    1–2 Points
    $0
    Good–Excellent
  • BankAmericard® Credit Card
    BankAmericard® Credit Card
    Low Ongoing Rate
    None
    $0
    Good–Excellent
  • Bank of America® Travel Rewards Credit Card for Students
    Bank of America® Travel Rewards Credit Card for Students
    Student
    1.5 points
    $0
    (No Credit History)
  • Bank of America® Customized Cash Rewards credit card for Students
    Bank of America® Customized Cash Rewards credit card for Students
    Student
    1%–3% Cash Back
    $0
    (No Credit History)
  • Bank of America® Customized Cash Rewards Secured Credit Card
    Bank of America® Customized Cash Rewards Secured Credit Card
    Secured
    $0
    None–Poor
  • Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card
    Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card
    Small Business
    1%–3% Cash Back
    $0
    Excellent
  • Bank of America® Travel Rewards
    Bank of America® Travel Rewards
    Travel Rewards
    1.5 Points
    $0
    Good–Excellent
  • Susan G. Komen® Customized Cash Rewards Visa® credit card from Bank of America
    Susan G. Komen® Customized Cash Rewards Visa® credit card from Bank of America
    Cash Back
    1%–3% Cash Back
    $0
    Good–Excellent
  • Air France KLM World Elite Mastercard®
    Air France KLM World Elite Mastercard®
    Travel Rewards
    1.5 – 3 Miles
    $89
    Good–Excellent
  • Virgin Atlantic World Elite Mastercard®
    Virgin Atlantic World Elite Mastercard®
    Travel Rewards
    1.5–3 Points
    $90
    Good–Excellent
  • Sonesta World Mastercard®
    Sonesta World Mastercard®
    Travel Rewards
    1–3 Points
    $75
    Good–Excellent
  • Free Spirit® Travel More World Elite Mastercard®
    Free Spirit® Travel More World Elite Mastercard®
    Travel Rewards
    1–3 Points
    $79
    Good–Excellent
  • Allways Rewards Visa® Credit Card
    Allways Rewards Visa® Credit Card
    Travel Rewards
    1–3 Miles
    $59
    Good–Excellent
  • Bank of America® Premium Rewards® credit card
    Bank of America® Premium Rewards® credit card
    Travel Rewards
    1.5 – 2 Points
    $95
    Good–Excellent
  • Alaska Airlines Visa Signature® credit card
    Alaska Airlines Visa Signature® credit card
    Travel Rewards
    1–3 Miles
    $95
    Good–Excellent
  • BankAmericard® Credit Card for Students
    BankAmericard® Credit Card for Students
    Student
    None
    $0
    Limited–Fair
  • Bank of America® Customized Cash Rewards Credit Card
    Bank of America® Customized Cash Rewards Credit Card
    Cash Back
    1%–3% Cash Back
    $0
    Good–Excellent

Other Cards Issued by Bank of America

In addition to the featured cards mentioned above, Bank of America also offers the following cards:

  • Bank of America Unlimited Cash Rewards Card: This card is best suited for people who don't want to pay annual fees and wish to earn 1.5% cash back on all purchases.
  • Bank of America Premium Rewards Elite Card: You may want to consider getting this card, which comes with a $550 annual fee, if you're looking for premium benefits and statement credits.
  • Bank of America Unlimited Cash Rewards for Students Card: This card with no annual fees is ideal for students who wish to earn 1.5% cash back on all purchases.
  • Bank of America Unlimited Cash Rewards Secured Card: You may want to consider getting this no-annual-fee secured card if you wish to build your credit and earn 1.5% cash back on all purchases.
  • Business Advantage Unlimited Cash Rewards Card: This business card with 1.5% cash back on all purchases may work well for business owners looking for a straightforward, no-annual-fee option.

The Best Bank of America Credit Cards in 2024

Our experts review this list of the top three Bank of America credit cards every month. Their revised selection takes into account aspects such as reward categories, welcome bonuses, annual fees and added perks.

Bank of America® Business Advantage Travel Rewards World Mastercard® credit card

Rewards RateEarn unlimited 3X points on travel booked through ...
APR18.49% - 28.49% variable
Annual Fee$0
Recommended Credit740-850 (Excellent)
BankAmericard® Credit Card

Rewards RateN/A
APR16.24% – 26.24% variable
Annual Fee$0
Recommended Credit670-850 (Good to Excellent)
Bank of America® Customized Cash Rewards Credit Card
Credit Card logo for Bank of America® Customized Cash Rewards Credit Card
MoneyGeek Rating
4.0/ of 5

Rewards RateEarn 3% cash back on a category of choice (gas — n...
APR18.24%–28.24% variable APR on purchases and balanc...
Annual Fee$0
Recommended Credit670–850 (Good to Excellent)

Rules for Applying, Acceptance & Welcome Bonuses

If you plan to apply for a Bank of America credit card, you might benefit by looking at aspects such as eligibility criteria, the number of cards you may get and how often you may claim welcome bonuses.

What is the accepted credit score range for most cards?
How many cards can you own?
How many times can you apply?
How many times can you get approved?
How many times can you claim the welcome bonus?

Other Considerations About Bank of America

While you need to look at card-specific features before selecting one that works well for you, you might benefit by looking at how Bank of America fares across different, more general parameters as well.

Feature
Description

Customer Service & Satisfaction

With over 700 ratings, Bank of America scores 3.6 out of 5 on ConsumerAffairs. Some of the bank’s customers have complaints about the level of customer service they receive. You may contact a Bank of America representative over the phone, by mail or via the bank’s social media accounts.

Mobile Apps & Online Services

Bank of America provides apps for devices that run on iOS and Android. The app on the Apple App Store scores 4.8 out of 5. It scores 4.6 out of 5 on the Google Play store. These apps let you manage your credit card accounts, activate or replace cards, pay bills and set up account alerts.

Security & Credit Monitoring Services

All Bank of America credit cards come with $0 fraud liability. Its business cards offer fraud monitoring as well. The bank gives you the option of linking your credit card to a Bank of America checking account for overdraft protection.

You get the option of accessing your updated FICO score for free every month, which you may do via the bank’s website or app.

Loyalty Programs & Other Issuer Perks

Bank of America runs the Preferred Rewards program. To become a member, you need an active and eligible Bank of America checking account. In addition, you’ll need a three-month combined average daily balance of at least $20,000 or more in your Bank of America deposit accounts and/or Merrill investment accounts. Once you become a member and depending on your membership status, you stand to get a 25%, 50% or 75% rewards bonus through your eligible Bank of America credit card.

Authorized Users

There is no minimum age requirement for adding authorized users to your Bank of America credit card account. In addition, adding them comes with no extra fees, but you are limited to nine authorized users.

When it comes to business credit cards, there is no limit to the number of authorized users you may add.

Overall Opinion of Bank of America & Their Credit Card Offerings

Given the different types of Bank of America cards on offer, there’s a good chance you’ll find one to suit your requirements. For instance, it has cards for people who have poor credit and options for students. Depending on what you’re looking for in your new credit card, getting a Bank of America card might work well for you in different scenarios.

    boyThinking icon

    You want to build credit.

    You may want to consider applying for a secured credit card from Bank of America if you have poor credit and wish to improve your credit score. Depending on the card you get and how well you manage your finances, you may look forward to getting your security deposit back and upgrading to an unsecured card after Bank of America begins reviewing your account periodically.

    highschoolStudent icon

    You’re a student.

    Students get multiple options from which to choose. These include cards with bonus reward categories and welcome offers. Students who plan to travel overseas might benefit by getting a Bank of America student card with no foreign transaction fees.

    worldTraveler icon

    You’re a frequent traveler.

    Depending on whether you favor using any particular airline, you might benefit by getting a co-branded airline card. Alternatively, you may choose from different Bank of America non-co-branded travel cards such as the Bank of America Travel Rewards Card, the Bank of America Premium Rewards Card, the Bank of America Premium Rewards Elite Card and the Bank of America Travel Rewards Card for Students.

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EXPERT OPINION

"Bank of America partners with several popular travel brands, but its most valuable cards could be its own cash and travel rewards cards. For customers who have substantial relationships with the bank, you could earn up to a 75% bonus on the rewards that you earn each month. With that extra bonus, you are earning some of the highest rewards available from any bank."

- Lee Huffman, credit card expert at BaldThoughts.com

Still Not Sure About This Issuer? Consider These Options.

If you’re still not sure about whether you should get a Bank of America credit card, consider checking what other leading credit card issuers have to offer. You may also want to look at cards from specific categories such as travel rewards, cash back and balance transfers.

>>MORE: YOUR GUIDE TO CARRYING OUT BALANCE TRANSFERS WITH BANK OF AMERICA

Learn More About Credit Cards in General

About Doug Milnes, CFA


Doug Milnes, CFA headshot

Doug Milnes is a CFA charter holder with over 10 years of experience in corporate finance and the Head of Credit Cards at MoneyGeek. Formerly, he performed valuations for Duff and Phelps and financial planning and analysis for various companies. His analysis has been cited by U.S. News and World Report, The Hill, the Los Angeles Times, The New York Times and many other outlets.

Milnes holds a master’s degree in data science from Northwestern University. He geeks out on helping people feel on top of their credit card use, from managing debt to optimizing rewards.


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*Rates, fees or bonuses may vary or include specific stipulations. The content on this page is accurate as of the posting/last updated date; however, some of the offers mentioned may have expired. We recommend visiting the card issuer’s website for the most up-to-date information available.
Editorial Disclosure: Opinions, reviews, analyses and recommendations are the author’s alone and have not been reviewed, endorsed or approved by any bank, credit card issuer, hotel, airline, or other entity. Learn more about our editorial policies and expert editorial team.
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