Best Bank of America Credit Cards

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Updated: 4 days ago

From straight cash-back cards to no annual fee cards to more premium cards, Bank of America has an assortment of credit cards to choose from. The co-branded Alaska cards are an OMAAT favorite (especially given all the great ways to use Alaska miles), but there are good cash back cards, along with one of the best travel credit cards of any bank for avoiding foreign transaction fees. Here are the best Bank of America credit cards of July 2019:

Best Bank of America Credit Card Offers of July 2019

For the most part Bank of America doesn’t offer as large of welcome bonuses as what we see with other issuers, but don’t let that scare you off. The cards are still lucrative, and in the case of the Alaska cards, the higher comparative value of the miles earned means that initial bonus can be worth more than you’d think at first glance! Regardless, we keep this page updated, so you can easily find the best Bank of America credit card offers available today:

40,000 Alaska Miles Offer

Alaska Airlines Visa Signature® credit card

Foreign Transaction Fee: None
Annual Fee: $75
on Bank of America's secure site
Why we like this card

This card allows you to earn 40,000 Alaska miles after qualifying purchases, which are very valuable due to their current award chart. Great for Alaska Airlines and past Virgin America frequent fliers as the card allows you to earn 3 miles for every $1 spent on eligible Alaska Airlines purchases and you will receive a companion fare offer which can be useful.

Current Offer
40,000 bonus miles with this special offer. To qualify, make purchases of $2,000 or more within the first 90 days of opening your account.

Card Details
• NOW - 40,000 Bonus Mile + Alaska's Famous Companion Fare™ Offer.
• Get 40,000 bonus miles and Alaska's Famous Companion Fare™ from $121 ($99 fare plus taxes and fees from $22) with this offer. To qualify, make purchases of $2,000 or more within the first 90 days of opening your account.
• Save with a free checked bag on Alaska flights for you and up to six other guests on the same reservation.
• Get Alaska's Famous Companion Fare™ every year! EACH YEAR on your account anniversary get a companion fare from $121 ($99 plus taxes and fees from $22). Valid on all Alaska flights booked on alaskaair.com with no blackout dates.
• Earn unlimited 3 miles for every $1 spent on eligible Alaska Airlines purchases and unlimited 1 mile for every $1 spent on all other purchases. And, your miles don't expire on active accounts.
• NEW! Enjoy 50% off day passes at the Alaska Lounge and 20% back on all Alaska Airlines inflight purchases when you pay with your new card.
• Redeem miles with no blackout dates on any of Alaska's 1,200 daily flights or choose from over 900+ destinations with more than a dozen global airline partners. Plus, get exclusive access to discounted redemption levels when you redeem miles for hotel stays at over 400,000 properties using Alaska Airlines Hotels.
• Plus, no foreign transaction fees and a low $75 annual fee.

on Bank of America's secure site
25,000 Bonus Points Offer

Bank of America® Travel Rewards credit card

Foreign Transaction Fee: None
Annual Fee: $0
on Bank of America's secure site
Why we like this card

Earning 1.5 points per $1 spent on purchases, combined with a Bank of America® checking or savings account and if you're a Preferred Rewards member, you can really stack the earnings on this no annual fee card

Current Offer
25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening - that can be a $250 statement credit toward travel purchases

Card Details
• Earn unlimited 1.5 points per $1 spent on all purchases, with no annual fee and no foreign transaction fees and your points don't expire
• 25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening - that can be a $250 statement credit toward travel purchases
• Use your card to book your trip how and where you want – you’re not limited to specific websites with blackout dates or restrictions
• Redeem points for a statement credit to pay for flights, hotels, vacation packages, cruises, rental cars, or baggage fees
• Comes with chip technology for enhanced security and protection at chip-enabled terminals
• 0% Introductory APR for 12 billing cycles for purchases. After the intro APR ends, 17.24% - 25.24% Variable APR will apply
• If you’re a Preferred Rewards member, you can earn 25% - 75% more points on every purchase

on Bank of America's secure site
$200 Cash Rewards Bonus Offer

Bank of America® Cash Rewards credit card

Foreign Transaction Fee: 3%
Annual Fee: $0
on Bank of America's secure site
Why we like this card

This is a great card if you're looking for no annual fee, cash back type of card. If you're a Preferred Rewards member, you can get a 25% - 75% rewards bonus on every purchase.

Current Offer
$200 after you make at least $1,000 in purchases in the first 90 days of account opening

Card Details
• No annual fee
• $200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening
• Earn 3% cash back on gas or your choice of one of five other popular categories, 2% at grocery stores and wholesale clubs and unlimited 1% on all other purchases (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases)
• 0% Introductory APR for 12 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the intro APR offer ends, 16.24% - 26.24% Variable APR will apply. A 3% fee (min $10) applies to all balance transfers
• No expiration on rewards
• If you're a Preferred Rewards member, you can earn 25% - 75% more cash back on every purchase

on Bank of America's secure site
Low Introductory APR Offer

BankAmericard® credit card

Foreign Transaction Fee: 3%
Annual Fee: $0
on Bank of America's secure site
Why we like this card

This card has one of the longest intro APR periods we've seen -- valid for both purchases and balance transfers made in the first 60 days of opening your account.

Card Details
• 0% Introductory APR for 18 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the intro APR offer ends, 15.24% - 25.24% Variable APR will apply. A 3% fee (min $10) applies to all balance transfers
• No annual fee
• No penalty APR. Paying late won't automatically raise your interest rate (APR). Other account pricing and terms apply
• Access your FICO® Score for free within Online Banking or your Mobile Banking app

on Bank of America's secure site

Bank of America cards do have some application restrictions, and you can typically only be approved for two cards every two months, three cards every 12 months, and four cards every 24 months. These limits don’t impact most people, but are good to be aware of.

Best Bank of America Credit Cards for Travel Rewards

When it comes to earning travel rewards with Bank of America cards, your main options are accruing miles with the phenomenal Alaska Airlines credit cards, or earning points directly with Bank of America through their Travel Rewards cards.

Maximize points with the Preferred Rewards Program

BofA Travel Rewards cards are most lucrative when paired with a savings or investment account tied to BofA — hitting certain thresholds within the Preferred Rewards Program can mean you’re earning up to 2.65% cash-back on all purchases, which is incredible!

Here are the tiers, the balances required to earn them, and the bonus points you earn on your credit card rewards for each tier:

GoldPlatinumPlatinum Honors
Required 3-month average combined balance$20k to < $50k$50k to < $100k$100k+
Rewards bonus on eligible BofA credit cards25%50%75%
Effective category bonus on The Bank of America® Premium Rewards® Credit Card• 2.5% on dining and travel
• 1.875% on non-bonused spend
• 3% on dining and travel
• 2.25% on non-bonused spend
• 3.5% on dining and travel
• 2.625% on non-bonused spend

So your banking relationship with Bank of America determines how much of a rewards bonus you get on your credit card.

Put another way, if you have the Bank of America Premium Rewards Card and belong to the Platinum Honors tier, this card offers an unrivaled 2.625% return on all your spending, along with 3.5% on dining and travel.

Preferred Rewards Program eligible balance

The balance is determined based on your qualifying Bank of America deposit accounts and/or your qualifying Merrill Edge and Merrill Lynch investment accounts. Eligible brokerage accounts include IRAs, so rolling over an old 401k could be an interesting option for some to help meet the higher thresholds (though of course check with your own financial advisors to determine if this makes sense for your situation).

Obviously, these are significant balances, though you have some highly flexible options as to what qualifies towards these amounts, including being able to trade your own stocks, for example.

It is worth nothing that unlike points earned with some other major credit card issuers, Bank of America points can’t be transferred to airline or hotel partners, so your redemptions will be limited to flights that are otherwise available to purchase. This can still be a great deal, particularly for economy or discounted business class tickets, but it’s an important distinction. Here are the best Bank of America credit cards for travel rewards available today:

25,000 Bonus Points Offer

Bank of America® Travel Rewards credit card

Foreign Transaction Fee: None
Annual Fee: $0
on Bank of America's secure site
Why we like this card

Earning 1.5 points per $1 spent on purchases, combined with a Bank of America® checking or savings account and if you're a Preferred Rewards member, you can really stack the earnings on this no annual fee card

Current Offer
25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening - that can be a $250 statement credit toward travel purchases

Card Details
• Earn unlimited 1.5 points per $1 spent on all purchases, with no annual fee and no foreign transaction fees and your points don't expire
• 25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening - that can be a $250 statement credit toward travel purchases
• Use your card to book your trip how and where you want – you’re not limited to specific websites with blackout dates or restrictions
• Redeem points for a statement credit to pay for flights, hotels, vacation packages, cruises, rental cars, or baggage fees
• Comes with chip technology for enhanced security and protection at chip-enabled terminals
• 0% Introductory APR for 12 billing cycles for purchases. After the intro APR ends, 17.24% - 25.24% Variable APR will apply
• If you’re a Preferred Rewards member, you can earn 25% - 75% more points on every purchase

on Bank of America's secure site

While Bank of America doesn’t have quite as many cards as some other banks, the products they offer are creative, and can be very lucrative for the right niche. The cash-back cards are definitely worth considering, either as primary cards or in conjunction with more flexible rewards cards from other issuers.

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