Best Bank Of America Credit Cards 2024

The Alaska Airlines Visa Credit Card is ideal for people that frequently fly with Alaska Airlines. With a low annual fee and immense value on Alaska Airlines purchases, it’s worth it if you fly often.

Rewards:

• Unlimited 3x miles per $1 spent on eligible Alaska Airlines purchases
• Unlimited 2x miles for every $1 spent on eligible gas, cable, streaming services, and ride share purchases
• Unlimited 1x miles for every $1 spent on everything else

Miles can be redeemed with over 20 global airline partners. If you have an eligible Bank of America account, you’ll also receive a 10% rewards bonus on all miles earned from card purchases.

Pros

• No foreign transaction fee
• Reasonable annual fee given the value

Cons

• Alaska Airlines has limited flights to the east coast
• Companion ticket is limited to Alaska Airlines flights only

This card comes with a few extra perks, ideal for travelers:

• Free checked bag on Alaska Airlines
• Priority boarding for you and up to six guests on the same reservation when you purchase flight tickets with your card
• An annual companion fare after spending $6,000 or more in the prior anniversary year
• 20% rebate for all in-flight purchases
• No foreign transaction fees

The BankAmericard Credit Card doesn’t offer rewards or a welcome bonus, but its 0% APR offer makes it compelling for balance transfers.

Rewards: None

Pros

• No annual fee
• No penalty APR

Cons

• No welcome bonus
• No rewards
• 3% foreign transaction fee

This card doesn’t come with many added bonuses, which is a drawback. However, it does come with free FICO score monitoring, online banking, and mobile banking.

The Business Advantage Customized Cash Rewards Mastercard is ideal for business owners that’d prefer a card with no annual fee. This card has surprisingly good rewards given the lack of an annual fee.

Rewards:

• 3% cash back in the category of your choice (on the first $50,000 of purchases; 1% thereafter)
• 2% cash back on dining (on the first $50,000 of purchases; 1% thereafter)
• Unlimited 1% cash back on everything else

You can redeem points for a statement credit, as cash in a Bank of America checking or savings account, or as a check mailed to you.

Pros

• No annual fee
• Customizable rewards category
• 0% APR offer for the first nine billing cycles

Cons

• 3% foreign transaction fee

This card comes with purchase protection and extended warranty options.

Despite not having an annual fee, this card has impressive rewards. It does, however, have a 3% foreign transaction fee, so it’s best for students planning to study abroad to stay away from this one.

Rewards:

• 3% cash back in the category of your choice
• 2% cash back at grocery stores and wholesale clubs
• 1% cash back on everything else

Bonus earnings are limited to the first $2,500 in combined purchases per quarter. After that, you’ll earn 1% cash back.

Pros

• Solid cash back
• No annual fee
• Welcome bonus is easy to earn

Cons

• 3% foreign transaction fee
• High APR

This card comes with an optional 0% introductory APR for 18 billing cycles for both purchases and any balance transfers made in the first 60 days. This makes it ideal for students seeking a balance transfer as well.

The Premium Rewards Elite Credit Card is ideal for frequent flyers that want VIP lounge access worldwide. While it does lack travel transfer partners, it comes with a simple rewards structure, a reasonable annual fee given the value, and a variety of travel-related bonuses.

Rewards:

• Unlimited 2x points per dollar on travel and dining
• Unlimited 1.5x points on everything else

Pros

• Simple rewards structure
• Airline lounge access included
• No foreign transaction fee

Cons

• No travel transfer partners

This card comes with a few travel-related bonuses:

• Up to $200 in airline incidental statement credits
• Up to $150 in lifestyle statement credits for qualifying purchases
• 20% discount on airfare when redeeming points through the Bank of America Travel Center
• 12-month Priority Pass Select membership for VIP airport lounge access worldwide

The Travel Rewards Credit Card for Students is ideal for students on the go. Its simple rewards structure means you don’t need to worry about tracking spending categories. Plus, it has no foreign transaction fee, making it perfect for students studying abroad.

Rewards:

• Unlimited 1.5x points per $1 spent on all purchases

Points can be redeemed to pay for travel or dining purchases, such as flights, hotels, baggage fees, and restaurants.

Pros

• No annual fee
• No foreign transaction fee
• Simple rewards structure

Cons

• High balance transfer fee
• High APR
• Some competing cards have strong rewards options

This card offers an introductory 0% APR for 18 billing cycles, which is ideal for students seeking a balance transfer as well.

The Unlimited Cash Rewards Credit Card doesn’t have some of the bells and whistles of its competitors, but it’s a strong option if you don’t want to track cash back categories or pay an annual fee.

Rewards:

• Unlimited 1.5% cash back on all purchases

Pros

• Simple cash back rewards structure
• No annual fee

Cons

• Some competing cards offer stronger rewards
• 3% foreign transaction fee

If you’re a Preferred Rewards member — which includes opening a Bank of America checking account and having a specific daily balance — you can earn up to 25% to 75% more cash back on every purchase.

The Unlimited Cash Rewards Secured Credit Card is ideal if you need a secured card. Unlike some competing cards, it offers a solid rewards program with unlimited 1.5% cash back on everything.

Rewards:

• Unlimited 1.5% cash back on all purchases

Pros

• No annual fee
• You don’t need good credit to qualify
• Simple rewards structure
• Optional graduation to an unsecured card
• Free FICO score

Cons

• No welcome bonus
• High APR
• 3% foreign transaction fee

To open this card, you’ll need a minimum deposit of $200, which will later become your total credit line. After using the card for a period of time, you may have the option to graduate to an unsecured card.