Make the essentials
more rewarding

Bank of America® Cash Rewards credit card

Bank of America Cash Rewards credit card

$200 online cash rewards bonus after making at least $1,000 in purchases in the first 90 days of your account opening

$200 online cash rewards bonus offer

Online $200 cash rewards bonus after making at least $1,000 in purchases in the first 90 days of your account opening

No annual fee

Rewards don't expire

There's no expiration on the rewards you earn

Plus, earn even more cash back when paired with Preferred Rewards.

Preferred Rewards is a program that offers its members exclusive benefits and rewards on their everyday banking. All you need to enroll is an active, eligible Bank of America® personal checking account and have a three-month average combined daily balance of $20,000 or more in Bank of America deposit accounts and/or Merrill® investment accounts. There is no fee to join or participate.

One of the many benefits of the program is a rewards bonus on your Cash Rewards credit card.

$20K to < $50K*25% Rewards Bonus
$50K to < $100K*50% Rewards Bonus
$100K+*75% Rewards Bonus
3%choice category
3.75% 4.5% 5.25%
stores/wholesale clubs
2.5% 3% 3.5%
1%All other purchases
1.25% 1.5% 1.75%

$20K to < $50K*

25% Rewards Bonus

$50K to < $100K*

50% Rewards Bonus
Platinum Honors


75% Rewards Bonus
  • 3% choice category
  • 2% grocery
    stores/wholesale clubs
  • 1% All other purchases

* There are three tiers in the Preferred Rewards program. Your tier is based on your qualified three-month combined balances in your Bank of America® deposit and/or Merrill® investment accounts.

Not a Preferred Rewards member? See if you're eligible

Need help deciding? Call 888-368-5746Call 888-368-5746

For information about rates, fees, other costs and benefits associated with the use of this card or to apply, click on Apply now and refer to the disclosures accompanying the online credit card application.

To enroll in the Preferred Rewards program you must have an active, eligible Bank of America personal checking account and maintain a qualifying three-month combined average daily balance of at least $20,000 for the Gold tier, $50,000 for the Platinum tier, or $100,000 for the Platinum Honors tier in your combined qualifying Bank of America deposit accounts (such as checking, savings, certificate of deposit) and/or your Merrill investment accounts (such as Cash Management Accounts, 529 Plans). The qualifying balance is calculated based on your average daily balance for a three-calendar month period. Refer to your Personal Schedule of Fees for details on accounts that qualify towards the three-month combined average daily balance calculation and receive program benefits. Eligibility to enroll is generally available three or more business days after the end of the calendar month in which you satisfy the requirements. Benefits become effective within 30 days of your enrollment, or for new accounts within 30 days of account opening, unless we indicate otherwise. Certain benefits are also available without enrolling in Preferred Rewards if you satisfy balance and other requirements.

Credit Card Preferred Rewards Bonus. Enrolled members with Bank of America® Cash Rewards credit cards can receive a Preferred Rewards bonus of 25% for the Gold tier, 50% for the Platinum tier, or 75% for the Platinum Honors tier on each purchase. The Preferred Rewards bonus will be applied after all base and bonus cash rewards have been calculated on a purchase. For example, a $100 purchase that earns 3% ($3.00) will actually earn $3.75, $4.50 or $5.25 based on your tier when the purchase posts to your account. If your product receives the 10% customer bonus, the Preferred Rewards bonus will replace the 10% customer bonus. You will not receive the Preferred Rewards bonus when you redeem your Cash Rewards. The Preferred Rewards bonus is not applied to any account opening bonus, if applicable. Other terms and conditions apply. Additional details about the Preferred Rewards bonus are available in your card’s Program Rules, which are mailed upon account opening and are accessible through the rewards redemption site via Online Banking or by calling the number on the back of your card.

This credit card program is issued and administered by Bank of America, N.A. Visa and Visa Signature are registered trademarks of Visa International Service Association and are used by the issuer pursuant to license from Visa U.S.A. Inc. Bank of America and the Bank of America logo are registered trademarks of Bank of America Corporation. The Contactless Symbol and Contactless Indicator are trademarks owned by and used with permission of EMVCo, LLC.

Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as “MLPF&S” or “Merrill”) makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation (“BofA Corp.”). MLPF&S is a registered broker-dealer, registered investment adviser, Member SIPC, and a wholly owned subsidiary of BofA Corp.