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Best Bank Of America Credit Cards 2024

Bank of America offers diverse credit cards with rewards tailored to spending habits, user-friendly apps, educational resources, and nationwide support. Discover the best fit for your needs.

Written by
Grace Lemire
Last Update on Jan 10, 2024

Bank of America offers a diverse range of credit cards tailored to specific spending habits and lifestyles. These cards provide various rewards programs, including cashback on everyday purchases and rewards for travel, dining, and airfare.

With customizable features, cardholders can maximize benefits and enjoy seamless account management through user-friendly mobile apps and online platforms. Bank of America prioritizes customer satisfaction with transparent financial tools, educational resources, and incentives for responsible credit management.

Their extensive ATM and branch network ensures convenient access and support for customers nationwide. Discover the unique features, rewards structures, and benefits of Bank of America credit cards, whether you’re an experienced user or starting your financial journey.

Best Bank Of America Credit Cards 2024

Credit CardRatingBest For…Annual FeeInterest RatesRewards RatePerks
Alaska Airlines Visa Credit Card4Alaska Airlines frequent flyers$9519.99% to 27.99%Unlimited 1x to 3x milesCompanion fare
BankAmericard Credit Card3.5Balance transfersNone15.99% to 25.99% on purchases and balance transfersNoneFree FICO score
Bank of America Business Advantage Customized Cash Rewards Mastercard Credit Card4.3Business expensesNone18.24% to 28.24%1% to 3% cash backCustomizable rewards category
Bank of America Customized Cash Rewards Credit Card for Students4.1Overall rewards for studentsNone17.99% to 27.99%1% to 3% cash backCustomizable cash back category
Bank of America Premium Rewards Elite Credit Card3.2Airline lounge access$55019.99% to 26.99%Unlimited 1.5x to 2x pointsVIP airport lounge access worldwide
Bank of America Travel Rewards Credit Card for Students4.2Travel rewards for studentsNone17.99% to 27.99% on purchases and balance transfersUnlimited 1.5x pointsUnlimited points
Bank of America Unlimited Cash Rewards Credit Card3.3Straightforward cash backNone17.99% to 27.99%Unlimited 1.5% cash backOption to earn more cash back as a Preferred Rewards member
Bank of America Unlimited Cash Rewards Secured Credit Card4.5Secured credit cardNone27.99% variableUnlimited 1.5% cash backUnlimited cash back is a strong offer for a secured card
Best for Alaska Airlines Frequent Flyers

Alaska Airlines Visa Credit Card

4.0
★★★★★ ★★★★★ ★★★★★
Credit Score Needed
Good to Excellent (700 to 749)
Welcome Bonus
50,000 miles + $100 statement credit (for a limited time)
Unique Features
Companion fare
Annual Fee
$95
Foreign Transaction Fee
None
Interest Rates
19.99% to 27.99%
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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
Additional Details

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
Best for Balance Transfers

BankAmericard Credit Card

3.5
★★★★★ ★★★★★ ★★★★★
Credit Score Needed
Good to Excellent (700 to 749)
Welcome Bonus
None
Unique Features
0% APR for 21 billing cycles, and for any balance transfers made in the first 60 days
Annual Fee
None
Foreign Transaction Fee
3%
Interest Rates
15.99% to 25.99% on purchases and balance transfers
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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
Additional Details

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.

Best for Business Expenses

Bank of America Business Advantage Customized Cash Rewards Mastercard Credit Card

4.3
★★★★★ ★★★★★ ★★★★★
Credit Score Needed
Excellent (750 to 850)
Welcome Bonus
$300
Unique Features
Customizable rewards category
Annual Fee
None
Foreign Transaction Fee
3%
Interest Rates
18.24% to 28.24%
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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
Additional Details

This card comes with purchase protection and extended warranty options.

Best for Overall Rewards for Students

Bank of America Customized Cash Rewards Credit Card for Students

4.1
★★★★★ ★★★★★ ★★★★★
Credit Score Needed
Good to Excellent (700 to 749)
Welcome Bonus
$200 cash
Unique Features
Customizable 3% cash back category
Annual Fee
None
Foreign Transaction Fee
3%
Interest Rates
17.99% to 27.99%
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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
Additional Details

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.

Best for Travel Rewards for Students

Bank of America Premium Rewards Elite Credit Card

4.2
★★★★★ ★★★★★ ★★★★★
Credit Score Needed
Excellent (750 to 850)
Welcome Bonus
50,000 points
Unique Features
VIP airport lounge access is included
Annual Fee
$550
Foreign Transaction Fee
None
Interest Rates
19.99% to 26.99%
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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
Additional Details

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
Best for Straightforward Cash Back

Bank of America Travel Rewards Credit Card for Students

3.3
★★★★★ ★★★★★ ★★★★★
Credit Score Needed
Good to Excellent (700 to 749)
Welcome Bonus
25,000 points
Unique Features
Unlimited points
Annual Fee
None
Foreign Transaction Fee
None
Interest Rates
17.99% to 27.99% on purchases and balance transfers
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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
Additional Details

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

Best for Straightforward Cash Back

Bank of America Unlimited Cash Rewards Credit Card

3.3
★★★★★ ★★★★★ ★★★★★
Credit Score Needed
Good to Excellent (700 to 749)
Welcome Bonus
$200
Unique Features
Option to earn more cash back as a Preferred Rewards member
Annual Fee
None
Foreign Transaction Fee
3%
Interest Rates
17.99% to 27.99%
Show More Details

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
Additional Details

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.

Best for Secured Credit Card

Bank of America Unlimited Cash Rewards Secured Credit Card

4.5
★★★★★ ★★★★★ ★★★★★
Credit Score Needed
Poor to Bad (0 to 649)
Welcome Bonus
None
Unique Features
Solid cash back for a secured card
Annual Fee
None
Foreign Transaction Fee
3%
Interest Rates
27.99% variable
Show More Details

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
Additional Details

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.

Frequently Asked Questions (FAQs)

What Kind Of Rewards I Get With Bank Of America Credit Cards?

Bank of America offers cash back, points, and travel rewards depending on the card. Preferred Rewards members can earn even more.

What Are The Annual Fees For Bank Of America Credit Cards?

Some cards have no annual fee, while others do. Check details on the Bank of America site or comparison sites.

Does Bank Of America Offer Balance Transfer Credit Cards?

Yes, Bank of America offers cards with balance transfer capabilities. Always compare terms and conditions with other cards.

Can I Get A Bank Of America Credit Card With Bad Credit?

Bank of America offers secured credit cards for those building or rebuilding credit.

How Do I Redeem Rewards On Bank Of America Credit Cards?

Rewards can usually be redeemed for statement credits, checks, deposits into a Bank of America account, or for gift cards and purchases at the Bank of America Travel Center.

Does Bank Of America Offer A Student Credit Card?

Yes, Bank of America has cards for students like the Bank of America Cash Rewards for Students.

Can I Use Bank Of America Credit Cards Internationally?

Yes, but keep in mind that some cards may charge foreign transaction fees.

Grace Lemire is a full-time content writer and part-time social media creator with a passion for helping people navigate life's toughest financial decisions – from moving out of your parents' house to buying a home.