Bank of America Credit Card Reviews
In this Bank of America credit card reviews post, we’ll dive into the various credit cards offered, highlighting their features, benefits, and potential drawbacks. Whether you’re looking for cash back, travel rewards, or low interest rates, our detailed review will help you choose the right card to fit your financial needs and lifestyle.
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Table of Contents
Bank Of America Credit Cards Reviews
Here’s a comparative analysis table of selected Bank of America credit cards, including the required credit score range to help determine the best one:
| Credit Card | Key Features | Annual Fee | Rewards | Intro APR | Additional Benefits | Required Credit Score |
|---|---|---|---|---|---|---|
| Customized Cash Rewards | 3% cash back in a category of choice, 2% at grocery stores and wholesale clubs, 1% on all others | None | Up to $200 cash rewards bonus, 0% APR for purchases and balance transfers | 15 billing cycles | Preferred Rewards bonus, no expiration on rewards | Good to Excellent |
| Travel Rewards | 1.5 points per $1 on all purchases, no annual fee, no foreign transaction fees | None | 25,000 online bonus points after spending $1,000 in first 90 days | 12 billing cycles | Redeem points for travel, no expiration on points | Good to Excellent |
| Premium Rewards | 2 points per $1 on travel and dining, 1.5 points per $1 on all other purchases | $95 | 50,000 bonus points after spending $3,000 in first 90 days | None | $100 airline incidental credit, travel protections | Excellent |
| BankAmericard | 0% APR for purchases and balance transfers for 18 billing cycles, no penalty APR | None | N/A | 18 billing cycles | Free FICO® Score access, chip technology | Good to Excellent |
| Secured Credit Card | Helps build or rebuild credit with responsible use, requires a refundable security deposit | None | N/A | N/A | Reports to major credit bureaus, potential to upgrade to unsecured card | Poor to Fair |
| Cash Rewards for Students | 3% cash back in a category of choice, 2% at grocery stores and wholesale clubs, 1% on all others | None | Up to $200 cash rewards bonus, 0% APR for purchases and balance transfers | 15 billing cycles | No expiration on rewards, good grades reward | Fair to Good |
| Travel Rewards for Students | 1.5 points per $1 on all purchases, no annual fee, no foreign transaction fees | None | 25,000 online bonus points after spending $1,000 in first 90 days | 12 billing cycles | Redeem points for travel, no expiration on points | Fair to Good |
| BankAmericard for Students | 0% APR for purchases and balance transfers for 18 billing cycles, no penalty APR | None | N/A | 18 billing cycles | Free FICO® Score access, chip technology | Fair to Good |
Key Considerations:
- Required Credit Score: Evaluate based on your current credit score to determine eligibility.
- Rewards: Choose based on your spending habits (e.g., dining, travel, groceries).
- Fees: Consider annual fees and foreign transaction fees if applicable.
- Intro APR: Introductory APR offers can be beneficial for large purchases or balance transfers.
- Additional Benefits: Look for perks like bonus points, travel credits, and credit-building features.
Selecting the best Bank of America credit card depends on aligning these factors with your financial goals and credit profile.
Remember to check Bank of America Balance Assist
What Credit Score Is Needed For A Bank Of America Credit Card?
To be eligible for most Bank of America credit cards, a credit score of at least 670, categorized as “good” credit, is generally required. Bank of America does provide options for individuals with lower credit scores, starting from 300. For the top-tier Bank of America credit cards offering superior rewards and benefits, an excellent credit score of 740 or above is typically necessary.
Is It Hard To Get A Bank Of America Credit Card?
Obtaining a Bank of America credit card is generally accessible due to the bank’s diverse card offerings tailored to different credit profiles. Individuals with credit scores of 670 and above, considered good to excellent, are more likely to qualify for Bank of America’s premium credit card options. Applicants with lower credit scores may still be eligible for certain Bank of America cards, although they may not receive the most favorable terms available.
How To Get Approved For Bank Of America Credit Card?
To increase your chances of approval for a Bank of America credit card, it’s important to meet the minimum credit score requirement, which generally begins at 670 for their standard cards. Additionally, demonstrating adequate income and maintaining a positive credit history with few recent credit inquiries are essential. Choosing the appropriate card that matches your credit profile is crucial, given Bank of America’s assortment of cards catering to various credit levels.
How To Get The $200 From Bank Of America Credit Card?
To receive the $200 online cash rewards bonus with the Bank of America Customized Cash Rewards credit card, you must spend at least $1,000 on purchases within the initial 90 days after opening your account. After meeting this spending threshold, the $200 bonus will be credited directly to your account automatically.
What Is The Maximum Credit Card For Bank Of America?
Bank of America does not publicly state a specific maximum credit limit for their credit cards. Credit limits are determined individually and can vary based on factors such as your credit score, income, existing debts, and credit history. Higher limits are generally offered to customers with excellent credit profiles and those applying for premium credit cards.
How Much Do I Spend On A $200 Credit Card?
The ideal amount to spend on a credit card with a $200 limit varies based on your financial circumstances and spending behaviors. A commonly recommended guideline is to maintain your credit utilization—how much of your available credit you use—below 30% to preserve a favorable credit score. For a credit limit of $200, this translates to keeping your monthly expenditures below $60 to stay within the 30% utilization threshold.
How Much Of A $2,000 Credit Card Should I Use?
It’s advisable to keep your credit utilization below 30% of your total credit limit. For a $2,000 credit card, this means maintaining a balance under $600.
How Much Should I Spend On A $10,000 Credit Card?
To maintain a healthy credit utilization ratio, keep your spending below 30% of the $10,000 limit, which translates to $3,000 or less.
How Much Should I Use On A $1,000 Credit Card?
For a $1,000 credit card, aim to keep your balance below $300 to stay within the recommended 30% utilization threshold.
The key to responsible credit use is to only charge what you can afford to pay off each month, avoiding maxing out your cards to protect your credit score.
Bank of America Credit Card Customer Service
You can reach Bank of America’s credit card customer service by calling 1-888-287-4637 or via the online chat feature on their website.
Bank of America Credit Card Payment
Bank of America offers several payment options for your credit card: online, by phone, by mail, or through their mobile app. Payments are due on the same date each month.
Bank of America Credit Card Number
Your Bank of America credit card number is a unique 16-digit number found on the front of your card.
Remember to check Bank of America Balance Assist
Conclusion
In conclusion, Bank of America offers a diverse range of credit card options to suit various financial needs. While customer experiences may vary, it’s essential to carefully review the terms, fees, and rewards associated with each card to ensure it align with your spending habits and credit goals. Remember to use credit responsibly and make payments on time to maintain a healthy credit profile.