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How do I redeem Bank of America cash rewards

The program offers opportunities to earn 25% to 75% bonus rewards together with your card, equating to around 2.62% cash return on every purchase.
Another feature worth highlighting is its introductory zero-interest offer.
When new cardholders apply, they can like a 0 percent intro APR for 18 billing cycles on both purchases and transfers of balance made within the first 60 days of opening a merchant account (followed by a variable APR of advantage thanks to its intro APR for purchases and balance transfers.
In comparison to other rewards and cash back cards, it has among the longest intro APR periods available on both purchases and transfers of balance, with many competing cards offering only 15 months.
Bankrate expert Garrett Yarbrough strives to make navigating credit cards and credit building smooth sailing for his readers.
To increase the rewards with this card you will have to carefully manage your 3% cash-back categories.

  • In the event that you set your 3% category as travel and charge that amount, you can be prepared to earn $113 in cash return annually from travel spending.
  • You can also use a tool, such as for example Experian CreditMatchTM, to quickly compare cards and filter the results based on your credit, card fees and forms of rewards.

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  • The Bank of America® Premium Rewards® charge card has an annual fee of $95.
  • Offer benefits and drawbacks are dependant on our editorial team, based on independent research.

The rating for this card has been dependant on our own industry experts who are immersed in the charge card world.
Your 3 percent and 2 percent categories share a $2,500 spending limit on combined purchases per quarter, after which your rewards rate drops to just to 1 percent cash return.

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It is possible to read our full overview of the lender of America® Premium Rewards® credit card.
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