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Best Bank of America® credit cards for February 2024

Updated February 21, 2024

Bank of America has a variety of high-value credit cards that offer everything from cash back to travel rewards. Here’s what you need to know about Bank of America’s best card offerings, who these cards may be best for and break down why these are our top picks for the best cards available from our credit card partner, Bank of America.

BEST FOR TRAVEL EXPERIENCES

Bank of America® Travel Rewards credit card

Rating: 4.1 stars out of 5
4.1
Info
Apply now Lock
on Bank of America's secure site
Good to Excellent (670 – 850)
Info
Recommended Credit

Intro offer

Info

$250

Offer valuation

Info

1.5X

Rewards rate

Info

Annual fee

Regular APR

Info
awards-badge
2024 Bankrate Awards Winner
Best for customizable bonus category

Bank of America® Customized Cash Rewards credit card

Rating: 4.3 stars out of 5
4.3
Info
Apply now Lock
on Bank of America's secure site
Good to Excellent (670 – 850)
Info
Recommended Credit
Info

Intro offer

Info

1% - 3%

Rewards rate

Info

Annual fee

Regular APR

Info
BEST BANK OF AMERICA TRAVEL CARD

Bank of America® Premium Rewards® credit card

Rating: 4.2 stars out of 5
4.2
Info
Apply now Lock
on Bank of America's secure site
Good to Excellent (670 – 850)
Info
Recommended Credit
Info

Intro offer

Info

$600

Offer valuation

Info

1.5X - 2X

Rewards rate

Info

Annual fee

Regular APR

Info
BEST FOR CASH BACk

Bank of America® Unlimited Cash Rewards credit card

Rating: 3.8 stars out of 5
3.8
Info
Apply now Lock
on Bank of America's secure site
Good to Excellent (670 – 850)
Info
Recommended Credit
Info

Intro offer

Info

1.5%

Rewards rate

Info

Annual fee

Regular APR

BEST FOR ALASKA AIRLINES PERKS

Alaska Airlines Visa® credit card

Rating: 4.7 stars out of 5
4.7
Info
Apply now Lock
on Bank of America's secure site
Good to Excellent (670 – 850)
Info
Recommended Credit

Intro offer

Info

$770

Offer valuation

Info

1X - 3X

Rewards rate

Info

Annual fee

Regular APR

BEST FOR BALANCE TRANSFERS
Image of BankAmericard® credit card

BankAmericard® credit card
*

Rating: 4.8 stars out of 5
4.8
Info
Good to Excellent (670 – 850)
Info
Recommended Credit

Balance transfer intro APR

Regular APR

N/A

Rewards rate

Info

Annual fee

Compare Bankrate's best Bank of America credit cards

Card Name Our pick for APR Bankrate Review Score

Travel experiences

Regular APR: 18.24% - 28.24% Variable APR on purchases and balance transfers

4.1 / 5

Info
(Read card review)
Apply now Lock
on Bank of America's secure site

Customizable category 

Regular APR: 18.24% - 28.24% Variable APR on purchases and balance transfers

4.3 / 5

Info
(Read card review)
Apply now Lock
on Bank of America's secure site

Best Bank of America travel card

Regular APR: 20.24% - 27.24% Variable APR on purchases and balance transfers

4.2 / 5

Info
(Read card review)
Apply now Lock
on Bank of America's secure site

Cash back 

Regular APR: 18.24% - 28.24% Variable APR on purchases and balance transfers

3.8 / 5

Info
(Read card review)
Apply now Lock
on Bank of America's secure site

Alaska Airlines perks

Regular APR: 20.24% - 28.24% Variable APR on purchases and balance transfers

4.7 / 5

Info
(Read card review)
Apply now Lock
on Bank of America's secure site
Image of BankAmericard® credit card
BankAmericard® credit card

Balance transfers

Regular APR: 16.24% - 26.24% Variable APR on purchases and balance transfers

What to know about Bank of America credit cards

Bank of America is the second largest full-service bank in the U.S. and operates in more than 35 countries.

Bank of America was the first U.S. bank to offer a general-purpose credit card with the BankAmericard, released in 1958. In addition to credit cards, Bank of America also offers other financial services, including mortgages, car loans, checking and savings accounts and investments through Merrill Lynch.

When it comes to credit cards, Bank of America is generally well-regarded by its customers. The issuer ranks in the top two among national issuers according to the J.D. Power 2023 credit card satisfaction survey. Satisfaction ratings for Bank of America have increased in recent years, and this increase may be due to some unique benefits of holding its cards, most notably the Preferred Rewards Program.

Types of Bank of America credit cards

The most popular types of credit cards from Bank of America are travel credit cards, cash back credit cards and business credit cards. Bank of America offers an array of options in these categories, and a lot of those options are fairly competitive in the cards landscape.

Bank of America credit card pros and cons

Pros

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    Preferred Rewards: Bank of America’s Preferred Rewards Program can boost your rewards earning rates by up to 75 percent depending on your membership tier.

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    No or low annual fees: Most Bank of America cards either have no annual fee or low annual fees, making them an affordable addition to your wallet.

Cons

  • High credit score barrier of entry: Many Bank of America cards recommend applicants have at least good credit to apply (a minimum of a 670 on the FICO scale).

  • Middle-ground welcome bonuses: Though the welcome offers on Bank of America cards are rather easy to attain, they are not often as lucrative as what you could get on more premier cards from other issuers.

Tips on choosing the best Bank of America card

It’s important to have a firm understanding of what you want from your credit card. The type of card that works best for you depends on your goals and financial situation. Bank of America cardholders might include cash back strategists looking to maximize their spending, frequent travelers who can enjoy perks like statement credits for baggage fees or airport screenings and debt managers who can take advantage of intro APRs for balance transfers to help consolidate debt on other cards.  

And if you're a Preferred Rewards member, you can enjoy boosted rates on your Bank of America card. Preferred Rewards members hold checking and/or savings accounts with Bank of America, and their combined balance meets minimums to achieve Gold, Platinum, Platinum Honors or Diamond Tier status. If you reach the highest tier, the rewards rate on your card could be worth 75 percent more.

To help decide which card might fit your aims, here are a few questions to ask yourself:

What are your financial goals and personal spending habits?

There is no one-size-fits-all credit card. Determining which card will offer you the most value comes down to your goals and spending habits. If travel is an important part of your life and you want to earn rewards, one of Bank of America’s travel rewards cards might be a good fit for you. If you’re interested in managing high-interest debt, look for the best offer for doing a balance transfer with Bank of America.

It’s also important to understand your spending habits, because certain cards might offer bonus rewards for certain expenses. Knowing which categories you spend the most in each month will help you choose a card that will earn the most rewards.

What are the perks and benefits?

A good credit card should offer benefits that are easy to use and a rewards system that works best for you. For instance, frequent travelers will find the most value with a travel-focused rewards card that offers perks such as travel statement credits, lounge access and trip insurance. Everyday shoppers might like the simplicity of a flat-rate cash back card, and some might prefer the flexibility of rewards and cash back cards that have rotating or custom categories. 

Can I qualify for the sign-up bonuses?

Many cards offer a sign-up bonus after you hit certain spending requirements. Just because a card has a large sign-up bonus, however, does not mean that it’s automatically a better card for you.

When looking at sign-up bonuses, it’s also important to note whether you can realistically hit the minimum spending requirement. If you have a smaller budget, a card with a smaller sign-up bonus might be easier to qualify for.

Bank of America cards typically have sign-up bonuses that require the cardholder to spend moderately. They aren’t the most easily-obtained sign-up bonuses, but they also don’t require you to spend the most. You should opt for a card with a sign-up bonus you can definitely obtain — as long as its rewards rates and categories match your regular spending habits.

Are you going to carry a balance?

If you ever plan on carrying a balance on your credit card, APR (annual percentage rate) is extremely important because it determines how much interest you pay. Variable APRs differ from card to card but usually fall between 17 and 30 percent based on creditworthiness. Some cards also offer an introductory APR period when you first sign up for the card, which can help you pay off large expenses with a temporary break from paying interest.

Still unsure if a Bank of America credit card is right for you? Check out our Credit Card Spender Type Tool where you can get personalized credit card recommendations based on your credit score, spending habits and daily needs.

Expert advice for Bank of America cards

Check out ways you can maximize your Bank of America credit card and prevent common mistakes.

Maximize your Bank of America card

Whether you carry a Bank of America business card or travel rewards card, here are some tips on getting the most out of your card. 

  • Attain the sign-up bonus. Many Bank of America cards come with a welcome offer with a spend requirement that must be met within a certain timeframe. Whatever the requirements, make sure you meet the conditions without overspending so that you can benefit from the card's increased first-year value.  
  • Optimize rewards. If your Bank of America card comes with rewards, strategize your spending to match its rewards structure. For instance, with the Customized Cash Rewards card, update your bonus category if you anticipate a change in your spending habits in the coming month. Or if your card gets bonus cash back for dining, don't forget to use this card anytime you eat out or order in. 
  • Verify Preferred Rewards membership. Bank of America deposit account holders may qualify for its Preferred Rewards program if they maintain a certain balance across their accounts. If you qualify for a Preferred Rewards Tier, make certain that you are receiving its boosted rewards rates. 

Avoid Bank of America card pitfalls

While it can be advantageous to carry a Bank of America card, keep in mind these common pitfalls to avoid credit card debt and maintain your credit.

  • Don't accumulate interest or late fees. Even if your APR is low, you should still pay your balance in full each billing cycle. Interest charges can add up and high credit card debt can hurt your credit score. Also, most Bank of America cards come with a penalty APR and late fee charge for missed payments.
  • Offset your annual fee. For Bank of America rewards cards that carry an annual fee, offset the yearly cost with the card's rewards and perks, if any. Otherwise, the annual fee may eat into your rewards earnings.
  • Keep your credit utilization ratio low. To maintain good credit, your credit utilization ratio should generally be below 30 percent. It's also a good idea to know your card's credit limit so you don't unintentionally max out your card. You can use Bankrate's credit utilization calculator to help figure out your ratio.

Are Bank of America cards worth it?

With Bank of America's variety of cards, it’s likely anyone can find a card that benefits them. However, before deciding which Bank of America credit card is right for you, you’ll need to know whether your primary goal is building credit, avoiding interest or earning rewards. But once you’ve narrowed down your options, a Bank of America card could be a terrific option to help you with your financial goals.

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Bankrate Insight

By using an eligible card to book airfare, hotels or rental cars through the Bank of America Travel Center, you can earn double the standard rewards rate on those purchases.

How we assess the best Bank of America credit cards

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250+
cards rated
Congrats
50+
rewards programs valued
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5000
data points analyzed
Credit Card Reviews
40+
perks evaluated

When evaluating the best credit cards, we take into account several factors, including how cards score in our proprietary card rating system and whether they offer features that fit the priorities of a diverse group of cardholders, from earning rewards to scoring a large sign-up bonus to saving on interest. 

We analyzed over 250 of the most popular credit cards and selected standouts. We scored each card based on the factors most relevant to its primary category, including its rewards rate, estimated annual earnings, intro APR period, ongoing APR, perks and more to determine whether it belonged in this month’s roundup. 

Here are some of the key factors that we considered:  

Have more questions for our credit cards editors? Feel free to send us an email, find us on Facebook, or Tweet us @Bankrate.

Frequently asked questions about Bank of America credit cards