Best Bank of America® credit cards for June 2023

Bank of America Travel Rewards credit card: Best for qualifying travel purchases

• What we love about this card: Cardholders will earn rewards for various travel purchases. The card also forgoes an annual fee, keeping costs low.
• Who is this card good for: Travelers who value flexibility and versatility in their travel card. Get rewarded for purchases at art galleries, zoos, campgrounds and more with this card.
• Alternatives: This Bank of America travel card does offer flexibility in terms of what you can redeem for travel, but if flexibility means being able to redeem rewards for cash back, you might be better off with the Discover it® Miles.

Read our full Bank of America Travel Rewards review or jump back to offer details.

Bank of America Customized Cash Rewards credit card: Best for choice of rewards category

• What we love about this card: The control the card gives consumers over their own earning potential.
• Who is this card good for: People who prioritize flexibility but still want rewards. Cardholders will earn an elevated cash back rate in the category of their choice.
• Alternatives: If you want the same level of flexibility with less work on your part, the Citi Custom Cash℠ Card  is a notable alternative. Cardholders earn elevated rewards in their highest eligible spending category each billing cycle, but they won’t need to enroll in new categories each month. Citi will make the adjustments automatically.

Read our full Bank of America Customized Cash Rewards credit card review or jump back to offer details.

BankAmericard credit card: Best for balance transfers

• What we love about this card: It’s one of the more lengthy balance transfer cards available.
• Who is this card good for: People who only want to do a balance transfer with few added distractions. Cardholders will see a lengthy (though temporary) break from interest charges on qualifying balance transfers.
• Alternatives: If you're searching for a balance transfer card but still want to earn rewards, the Citi® Double Cash Card is a good choice to consider. Its unique earning structure also encourages consumers to pay off their balances regularly, since you get 1 percent back when you buy and 1 percent back when you pay off your purchase.

Read our full BankAmericard credit card review or jump back to offer details.

Bank of America Business Advantage Customized Cash Rewards Mastercard credit card: Best Bank of America business card

• What we love about this card: Flexibility. This card provides business owners with flexible options to earn rewards in several categories and allows for redemption in multiple ways.
• Who is this card good for: Business owners who spend heavily in categories like travel and office supplies. If your business expenses fall in line with any of the Bank of America Business Advantage categories and you’re looking to cash in on potential rewards, you’ll see a lot of benefits in this card.
• Alternatives: You’ll get many of the same benefits and features with the American Express Blue Business Cash™ Card. The Blue Business Cash touts a slightly longer introductory APR period, but the rewards structure and welcome offer of the Business Advantage Customized Cash card are a bit more lucrative.

Read our full Bank of America Business Advantage Customized Cash Rewards Mastercard credit card review or jump back to offer details.

Bank of America Unlimited Cash Rewards credit card: Best for cash back

• What we love about this card: It is one of Bank of America’s simplest cash back credit card offerings. Cardholders get a straightforward 1.5 percent cash back rate on all purchases.
• Who is this card good for: Cash back newbies. If you’re new to the world of cash back rewards cards, this card is an accessible option with a straight-forward rewards structure.
• Alternatives: If you’re searching for another way to dive into the world of cash back, the Chase Freedom Unlimited® card is an alternative. It not only earns the same 1.5 percent cash back rate on general purchases, but also earns 5 percent cash back on travel through Chase Ultimate Rewards and 3 percent cash back at restaurants and drugstores.

Read our full Bank of America Unlimited Cash Rewards credit card review or jump back to offer details.

Bank of America Premium Rewards credit card: Best Bank of America travel card

• What we love about this card: This card ups your earning potential by offering the highest rewards rate on both travel and dining purchases.
• Who is this card good for: Bank of America customers with big savings accounts who can maximize the boosted rewards rates in the Preferred Rewards program.
• Alternatives: The Chase Sapphire Preferred® Card provides a reasonable alternative to the Bank of America Premium Rewards card. With the Sapphire Preferred you’ll get many of the same travel perks and protections for the same annual fee.

Read our full Bank of America Premium Rewards credit card review or jump back to offer details.

Alaska Airlines Visa credit card: Best for Alaska Airlines perks

• What we love about this card: It has all the features you’d look for as a frequent flyer with Alaskan Airlines. Benefits include a free checked bag for you and up to six companions on the same reservation, discounts on inflight purchases and a generous sign-up bonus.
• Who is this card good for: Alaska Airlines loyalists who travel with a companion. Flyers who can make use of the Alaska Airlines’ companion pass can get a ton of value from the card. 
• Alternatives: If you want a travel card with maximum flexibility, the Alaska Airlines Visa may not be the right choice. However, the Chase Sapphire Preferred touts a generous sign-up bonus and access to an extensive list of travel partners in the Chase Ultimate Rewards portal. The Sapphire Preferred does miss the mark on some standard features — like free checked bags — that you’ll get with the Alaska Airlines Visa credit card.

Read our full Alaska Airlines Visa credit card review or jump back to offer details.

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 three among national issuers with a score of 818 according to the J.D. Power 2022 credit card satisfaction survey. This score puts Bank of America behind Discover — which scored 841. 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.

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.

Travel credit cards from Bank of America

The travel options are ideal for people who want to earn miles toward travel on everyday spending, are loyal to a particular airline (Alaska Airlines), or who cast a wide net on the types of travel purchases they make.

Editor’s choice: The Bank of America Travel Rewards credit card.

Cash back credit cards from Bank of America

Bank of America’s cash back cards offer spending category flexibility, no-hassle earning opportunities and fairly high spending caps if they apply. Plus, Preferred Rewards Program members can earn boosted cash back when they have eligible balances in Bank of America accounts, adding more to the cash back opportunities.

Editor’s choice: The Bank of America Customized Cash Rewards credit card.

Business credit cards from Bank of America

The Business card options from Bank of America provide low-hassle rewards structures and can give businesses some autonomy over where they earn the most depending on the card. They also offer plenty of breathing room to earn in multiple business-centric spending categories like travel and office supplies and could prove lucrative for both established and small businesses alike.

Editor’s choice: The Bank of America Business Advantage Customized Cash Rewards Mastercard credit card.

Bank of America has options for many kinds of credit card users, but some consumer groups can especially benefit from one of its credit cards. They include:

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.

The invite-only Preferred Rewards Program takes Bank of America’s services — including credit cards — from good to great. Using Bank of America for both your checking and savings account needs can help you maximize the value you get from its services. As a member of the Bank of America Preferred Rewards program, you can boost your rewards bonus that you earn on your Bank of America credit cards, qualify for auto loans and home equity discounts and take advantage of interest rate boosters for saving accounts.

There are three tiers of Preferred Rewards, and your combined balances in your Bank of America banking and/or your Merrill investment accounts determine your rewards tier. You need to enroll in the program, but once you do, you’re automatically moved up as your balances grow.

Here is a simple breakdown of how each tier can help you earn more with your Bank of America credit card:

In terms of the value of your rewards, Bankrate’s latest points and miles valuations have Bank of America travel rewards valued at an average of 1 cent per point. As an example, this factor would mean that the Bank of America Premium Rewards credit card’s welcome offer of 60,000 online bonus points after you make $4,000 in purchases in the first 90 days of account opening comes in at $600 in value, which could be substantial depending on your travel spending.

There are a variety of Bank of America cards and it’s likely anyone can find value in at least one of them. However, whether one of these cards is worth it depends mostly on your spending habits and financial needs.

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. Then, you can evaluate your options to see which card will best help you achieve your goals based on your credit history, outstanding card balances and spending habits.

Once you’ve narrowed in on a Bank of America card, weigh that card against similar options available from other issuers. This action will give you the best idea of whether a Bank of America card is the right choice and introduce you to the various perks, benefits and rewards programs available on competing cards.

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