Bank of America Cash Rewards Credit Card, Bank of America Premium Rewards Credit Card, Bank of America Travel Rewards Credit Card, etc helps people earn rewards for daily expenditures. Many Bank of America cards offer much higher rewards on travel, dining, and shopping, which can be redeemed for travel and gift cards or deposited as cash. These rewards never expire as long as your account remains open.
Top 6 Bank of America Credit Cards for High and Non-Expiry Rewards [2025]
| S. N. | Name of Bank of America Credit Cards for High and Non-expiry Rewards | Best Known & Value for |
|---|---|---|
| 1. | Bank of America Unlimited Cash Rewards Credit Card | Best Known For unlimited 1.5% cash back on all purchases |
| 2. | Bank of America Premium Rewards Credit Card | Best Known For Travel and dining |
| 3. | Bank of America Travel Rewards Credit Card | Best Known For unlimited travel with no annual fee and foreign transaction fee |
| 4. | Bank of America® Customized Cash Rewards | Best Known For customizable 3% cash back categories |
| 5. | Bank of America® Unlimited Cash Rewards | Best Known For Simple,flat-rate cash back structure with no annual fee |
| 6. | Bank of America® Premium Rewards® Elite Credit Card | Best Known For luxury travel perks and premium rewards |
Best Citibank Credit Cards for Students to Build Credit for [March 2025]
As a student aiming to build credit, Citibank offers several credit card options tailored to your needs. Here are some top choices:
1. Bank of America Unlimited Cash Rewards Credit Card
The Bank of America Unlimited Cash Rewards Credit Card is a top choice for those seeking high, non-expiring cashback rewards. It offers an unlimited 1.5% cash back on all purchases, with no annual fee and no expiration on rewards. As one of Bank of America’s best credit cards, it provides additional benefits for Preferred Rewards members, boosting cashback potential and maximizing long-term value.
Everyday Spenders
- Issuer – Bank of America
- Payment Gateway – Visa
- Credit Score – Good/Excellent
- Intro APR – 0% for the first 15 Statement Closing Dates following the opening of your account.
- Regular APR – 18.24% – 28.24%
- Sign In Bonus – $200 online cash rewards after making $1000 purchases in the first 90 days of your account opening.
- Balance Transfer – 18.24% – 28.24%
- Best For – Household/ Regular Shopper
The Bank of America® Unlimited Cash Rewards card, issued by Bank of America, offers unlimited 1.5% cash back on all purchases. It’s perfect for those who want simple, flat-rate rewards without category restrictions.
The card has no annual fee and provides a $200 online cash rewards bonus after making $1,000 in purchases within the first 90 days. It also includes a low introductory APR for the first 15 billing cycles.
| Key Features | Reward Rate | Other Information |
|---|---|---|
| No annual fee | Earn unlimited 1.5% cashback on all purchases | 3% International Transactional Fee |
| Cash rewards don’t expire as long the account is open | $200 online cash rewards bonus | 4% cash advance fee – direct deposit / check cash advances |
| No limits on cash back | Can increase this flat rate to 1.87 percent, 2.25 percent or 2.62 percent with Preferred Rewards status, depending on the tier earned | 3% for 60 days from account opening, then 4% |
Pros & Cons:
Pros
- No annual fee is charged and all the new cardholders get a bonus offer.
- Earn 1.5% cash back on all purchases and the option for automatic redemption.
- Bank of America Preferred Rewards® members can earn an additional 25% to 75% on all purchases, potentially offering one of the highest flat cash back rates available.
Cons
- Preferred Rewards status may be difficult for no-annual-fee cardholders to achieve.
- The card lacks unique benefits compared to other flat-rate cash back cards.
- The welcome offer demands double the spending for similar rewards as competitors.
Expert Advice
The Bank of America® Unlimited Cash Rewards Credit Card offers a 1.5% cash back on all purchases with no annual fee. Preferred Rewards members can earn up to 25% – 75% cash back. It also features a 0% intro APR on purchases and balance transfers for 15 billing cycles, which is great for large purchases or debt consolidation. While it lacks bonus categories and high travel perks, it’s a great fit for everyday spending, particularly for those Bank of America customers who can maximize rewards.
The Bank of America Premium Rewards Credit Card is a top-tier option for travelers and high-spending individuals. It offers 2X points on travel and dining and 1.5X points on all other purchases, with rewards that never expire. As one of Bank of America’s best credit cards, it provides valuable perks like a $100 annual airline credit, TSA PreCheck/Global Entry reimbursement, and higher rewards for Preferred Rewards members.
Professionals and Business travelers
- Issuer – Bank of America
- Payment Gateway – Visa
- Credit Score – Excellent
- Intro APR – N/A
- Regular APR – 20.24% – 28.24%
- Sign In Bonus – 60,000 online bonus points after making at least $3,000 in purchases in the first 90 days of account opening.
- Balance Transfer – 20.24% – 28.24%
- Best For – Travelers and high spending individuals
The Bank of America® Premium Rewards® Credit Card, issued by Bank of America, offers 2 points per dollar on travel and dining and 1.5 points on all other purchases. It’s perfect for frequent travelers seeking flexible rewards and travel benefits.
The card has a $95 annual fee and offers a 60,000-point bonus after $4,000 in purchases within the first 90 days. It also includes travel insurance and no foreign transaction fees.
| Key Features | Reward Rate | Other Information |
|---|---|---|
| 60,000 online bonus points | 2 points for every $1 spent on travel and dining purchases | 4% balance transfer fee and cash advance fee |
| Offers Airline incidental statement credit up to $100 | 1.5 points for every $1 spent on all other purchases | Get up to a $100 TSA PreCheck or Global Entry statement credit every four years. |
| No foreign transaction fees | Bank of America Preferred Rewards® members earn a 25%-75% rewards bonus on every purchase | – |
| Mobile banking app | – | – |
| Offers Airport security statement credit up to $100 | – | – |
Pros & Cons:
Pros
- Enjoy valuable travel perks for a low annual fee, including complimentary Visa Signature® Concierge service and extensive travel insurance.
- Benefits like up to $100 in statement credits for airline incidentals and a $100 Global Entry/TSA PreCheck® application fee credit help offset the annual fee.
- Preferred Rewards members can earn up to a 75% boost with Platinum Honors status.
Cons
- Travel benefits are limited compared to other premium cards, and the travel credit only covers airline incidentals, not airfare.
- The rewards rates aren’t competitive without $50,000 in qualifying Bank of America or Merrill accounts.
- There’s a 2,500-point minimum for travel or cash-back redemptions and 3,125 points for gift cards.
Expert Advice
The Bank of America® Premium Rewards® Credit Card is a one of the best choice for frequent travelers. It offers unlimited 2X points on travel and dining and 1.5X points on all other purchases, with a $95 annual fee that is easily offset by its $100 annual airline incidental credit and Global Entry/TSA PreCheck reimbursement. While the card lacks the luxury perks of high-end travel cards (e.g., lounge access), its real strength lies in the Bank of America Preferred Rewards program, where elite customers can boost rewards by 25%-75%, making it one of the best cashback-equivalent options for high-balance account holders.
3. Bank of America Travel Rewards Credit Card
The Bank of America Travel Rewards Credit Card is a great choice for frequent travelers seeking flexible, non-expiring rewards. It offers unlimited 1.5X points on all purchases, with no annual fee and no foreign transaction fees. As one of Bank of America’s best travel credit cards, it provides bonus rewards for Preferred Rewards members and allows points to be redeemed for flights, hotels, and more without blackout dates.
Travelers
- Issuer – Bank of America
- Payment Gateway – Visa
- Credit Score – Good/Excellent
- Intro APR – 0% intro APR for 15 billing cycles for purchases, and for any balance transfers made in the first 60 days.
- Regular APR – 18.24% – 28.24%
- Sign In Bonus – 25,000 online bonus points after making at least $1,000 in purchases in the first 90 days of account opening.
- Balance Transfer – 18.24% – 28.24%
- Best For – Frequent Travelers
The Bank of America® Travel Rewards Credit Card, issued by Bank of America, offers unlimited 1.5 points per dollar on all purchases. It’s designed for travelers who want to earn rewards on everyday spending with no blackout dates.
The card has no annual fee and provides a 25,000-point bonus after $1,000 in purchases within the first 90 days. It also includes no foreign transaction fees and a low introductory APR.
| Key Features | Reward Rate | Other Information |
|---|---|---|
| No annual fee | Earn unlimited 1.5 points per $1 spent on all purchases. | Bank of America Preferred Rewards® members earn 25%-75% more points on every purchase. |
| No foreign transaction fees | Points can be redeemed for a statement credit to pay for travel or dining purchases. | 4% cash advance fee and 3% balance transfer fee |
| Flexible point redemption for travel and dining | – | – |
| Mobile banking app | – | – |
Pros & Cons:
Pros
- The lengthy intro APR on purchases and balance transfers provides added flexibility for managing debt compared to other rewards cards.
- Points can be redeemed for a wide range of travel and dining expenses, even if the purchases are nearly a year old.
- As a Preferred Rewards member, you can increase your rewards rate by up to 75%, making it a highly rewarding flat-rate travel card with no annual fee.
Cons
- The minimum redemption requirement of 2,500 points for travel or cash back, which is valued at $25, is higher than that of other competing cards.
- The rewards rate is relatively low unless you are a Preferred Rewards member.
- The limited travel benefits provide less convenience compared to other cards.
Expert Advice
The Bank of America® Travel Rewards Credit Card is for travelers who prefer a no-annual-fee rewards structure. It offers unlimited 1.5 points per dollar on all purchases, with no category restrictions, making it ideal for everyday spending. The introductory 0% APR for 15 billing cycles on purchases and balance transfers is a nice perk, though a balance transfer fee applies. However, it lacks premium travel benefits like lounge access or travel credits, and redemption options are mostly limited to statement credits for travel and dining purchases.
4. Bank of America® Customized Cash Rewards
The Bank of America Customized Cash Rewards Credit Card offers flexible cashback options tailored to your spending habits. It provides 3% cash back in a chosen category, 2% at grocery stores and wholesale clubs, and 1% on all other purchases, with rewards that never expire. As one of Bank of America’s best cashback credit cards, it maximizes earnings, especially for Preferred Rewards members, who can boost their rewards by up to 75%.
Earning flexible cashback
- Issuer – Bank of America
- Payment Gateway – Visa
- Credit Score – Good/Excellent
- Intro APR – 0% intro APR for 15 billing cycles for purchases, and for any balance transfers made in the first 60 days.
- Regular APR – 18.24% – 28.24%
- Sign In Bonus – $200 online cash rewards bonus after making at least $1,000 in purchases in the first 90 days of account opening.
- Balance Transfer – 18.24% – 28.24%
- Best For – Everyday spenders
The Bank of America® Customized Cash Rewards card, issued by Bank of America, offers 3% cash back in a category of your choice, 2% at grocery stores and wholesale clubs, and 1% on all other purchases. It’s ideal for tailored rewards on everyday expenses.
The card has no annual fee and offers a $200 online cash rewards bonus after making $1,000 in purchases within the first 90 days. It also provides a low introductory APR for the first 15 billing cycles.
| Key Features | Reward Rate | Other Information |
|---|---|---|
| No annual fee | 3% cash back in a category of your choice (gas, online shopping, dining, travel, drug stores, or home improvement/furnishings) on up to $2,500 in combined choice category/grocery store/wholesale club purchases each quarter (then 1%). | 3% of each transaction in U.S. dollars. |
| Cardholders perks includes Bank of America Preferred Rewards®, BankAmeriDeals , Museums on Us | 2% cash back at grocery stores and wholesale clubs. | Customizable 3% cash back category. |
| Visa Signature benefits including Visa Signature® Concierge, roadside dispatch and travel and emergency assistance | 1% cash back on all other purchases. | – |
Pros & Cons:
Pros
- You can change your highest-earning category once each month, allowing you to align your rewards with your spending habits.
- The card provides a generous introductory APR period for purchases and balance transfers.
- Bank of America Preferred Rewards® members can earn up to 75% more cash back on all purchases.
Cons
- Your earnings may be limited by the quarterly spending cap.
- This card lacks significant benefits aside from its rewards program.
- Competing cards offer higher welcome bonuses or lower spending requirements.
Expert Advice
The Bank of America® Customized Cash Rewards credit card is a reliable option for those seeking flexible cashback rewards, particularly for Bank of America Preferred Rewards members. It offers 3% cashback in a chosen category (such as gas, online shopping, dining, travel, drugstores, or home improvement), 2% at grocery stores and wholesale clubs, and 1% on all other purchases, with a quarterly cap of $2,500 on combined 3% and 2% category spending. The $0 annual fee and intro APR offer on purchases and balance transfers add to its appeal. However, those who spend heavily outside the bonus categories may find flat-rate cashback cards more rewarding.
5. Bank of America® Unlimited Cash Rewards
The Bank of America Unlimited Cash Rewards Credit Card is a card with unlimited 1.5% cash back on all purchases. With no annual fee and rewards that never expire, it’s a great choice for everyday spending. As one of Bank of America’s best credit cards, it becomes even more valuable for Preferred Rewards members, who can boost their cashback by up to 75%.
Online Shopping & Cashback
- Issuer – Bank of America
- Payment Gateway – Visa
- Credit Score – Good/Excellent
- Intro APR – 0% intro APR for 15 billing cycles for purchases, and for any balance transfers made in the first 60 days.
- Regular APR – 18.24% – 28.24%
- Sign In Bonus – $200 online cash rewards bonus after making at least $1,000 in purchases within 90 days of the account open date.
- Balance Transfer – 18.24% – 28.24%
- Best For – Frequent travelers, Everyday spenders.
The Bank of America® Unlimited Cash Rewards card, issued by Bank of America, offers unlimited 1.5% cash back on all purchases. It’s perfect for those who want simple, flat-rate rewards without category restrictions.
The card has no annual fee and provides a $200 online cash rewards bonus after making $1,000 in purchases within the first 90 days. It also includes a low introductory APR for the first 15 billing cycles.
| Key Features | Reward Rate | Other Information |
|---|---|---|
| No annual fee | Earn unlimited 1.5% cash back on all purchases. | 3% of each transaction in U.S. Dollar as foreign transaction fee. |
| Simple,flat-rate cash back structure. | Can increase this flat rate to 1.87 percent, 2.25 percent or 2.62 percent with Preferred Rewards status, depending on the tier earned | Statement credit, deposits made directly into a Bank of America® checking or savings account or credit to an eligible Merrill account. |
| Card holders perks includeBankAmeriDeals® , Museums on Us admission. | – | – |
| Visa Signature benefits, including Visa Signature® Concierge, roadside dispatch and travel and emergency assistance. | – | – |
Pros & Cons:
Pros
- This card has no annual fee, so you won’t need to balance the extra cost with your rewards earnings.
- Bank of America Preferred Rewards® members can earn 25% to 75% more rewards on all purchases, potentially offering one of the highest flat cash back rates available in the market.
- You can earn a simple and unlimited 1.5% cash back on all purchases, with a unique option for automatic redemption
Cons
- The card lacks unique benefits that set it apart from other flat-rate cash back cards.
- The welcome offer demands twice the spending to earn the same rewards value as competing cards.
- The requirements for achieving Preferred Rewards status may be unattainable for many cardholders seeking a no-annual-fee option.
Expert Advice
The Bank of America® Unlimited Cash Rewards credit card offers 1.5% unlimited cashback card, making it a solid choice for those who prefer simplicity over category-based rewards. With no annual fee, an intro APR on purchases and balance transfers, and the potential for higher rewards through the Bank of America Preferred Rewards program (up to 2.62% cashback for Platinum Honors members), it competes well with other flat-rate cashback cards. However, those who spend heavily in specific categories may earn more with a category-based rewards card.
The Bank of America Premium Rewards Elite Credit Card is a luxury travel card designed for high spenders. It offers 2X points on travel and dining and 1.5X points on all other purchases, with rewards that never expire. As one of Bank of America’s best premium credit cards, it includes a $300 annual travel credit, TSA PreCheck/Global Entry reimbursement, airport lounge access, and enhanced rewards for Preferred Rewards members.
Luxury Lifestyle and travel
- Issuer – Bank of America
- Payment Gateway – Visa
- Credit Score – Excellent
- Intro APR – None
- Regular APR – 20.24% – 28.24%
- Sign In Bonus – 75,000 online bonus points — a $750 value — after you make at least $5,000 in purchases in the first 90 days of account opening
- Balance Transfer – 20.24% – 28.24%
- Best For – Luxury purchases, Rewards on dining
This premium travel and lifestyle card from Bank of America provides 2x points on travel and dining and 1.5x points on all other purchases. Benefits include travel credits, airport lounge access, and concierge service. It’s designed for high spenders who value luxury perks.
The card has a $550 annual fee and requires an excellent credit score (750+). It offers up to $300 in travel credits, Priority Pass™ lounge access, and high-end travel protections.
| Key Features | Reward Rate | Other Information |
|---|---|---|
| Receive up to $300 annually in Airline Incidental Statement Credits | Earn unlimited 2 points for every $1 spent on travel and dining purchases | Bank of America Preferred Rewards® members earn 25%-75% more points on every purchase |
| Receive up to $150 annually for lifestyle conveniences | Earn unlimited 1.5 points for every $1 spent on all other purchases | Get 20% savings on airfare paid for with points through the Bank of America Travel Center or the Concierge. Or use points to book car rental and hotel accommodations. |
| Receive up to $100 in statement credits | – | – |
Pros & Cons:
Pros
- Earn up to 75% more rewards as a Preferred Rewards member
- Up to four complimentary Priority Pass Select memberships
- Up to $450 in annual credits for eligible airline charges and lifestyle purchases.
Cons
- No airline or hotel transfer partners limit the maximization of rewards value.
- The high annual fee can be difficult for some customers to justify.
- There are limited bonus categories to earn extra points on purchases.
Expert Advice
The Bank of America® Premium Rewards® Elite Credit Card is a travel rewards card with a $550 annual fee, offering 2X points on travel and dining, and 1.5X points on other purchases. It includes perks like a $300 annual airline incidental credit, a $150 lifestyle credit, Priority Pass™ lounge access, and travel insurance. Bank of America Preferred Rewards members can earn up to 75% more points.
Table of Comparison
| Name of the Card | Bank of America Cash Rewards Credit Card | Bank of America Premium Rewards Credit Card | Bank of America Travel Rewards Credit Card | Bank of America® Customized Cash Rewards | Bank of America® Unlimited Cash Rewards | Bank of America® Premium Rewards® Elite Credit Card |
|---|---|---|---|---|---|---|
| Payment Gateway | Visa | Visa | Visa | Visa | Visa | Visa |
| Best For | Families, Budget-conscious spenders | Frequent travelers, Dining enthusiasts | Student , Occasional travelers | Families, Everyday Spenders | Everyday spenders | Luxury travelers, High spenders |
| Credit Score | Good/ Excellent | Excellent | Good/ Excellent | Good/ Excellent | Good/ Excellent | Good/ Excellent |
| Annual Fee | $0 | $95 | $0 | $0 | $0 | $550 |
| Annual Percentage Rate | 18.24% – 28.24% | 20.24% – 28.24% | 20.24% – 28.24% | 20.24% – 28.24% | 20.24% – 28.24% | 20.24% – 28.24% |
| Balance Transfer | 18.24% – 28.24% | 20.24% – 28.24% | 18.24% – 28.24% | 18.24% – 28.24% | 18.24% – 28.24% | 20.24% – 28.24% |
| Sign in Bonus | $200 online cash rewards after making $1000 purchases in the first 90 days of your account opening. | 60,000 online bonus points after making at least $3,000 in purchases in the first 90 days of account opening. | 25,000 online bonus points after making at least $1,000 in purchases in the first 90 days of account opening. | $200 online cash rewards bonus after making at least $1,000 in purchases in the first 90 days of account opening. | $200 online cash rewards bonus after making at least $1,000 in purchases within 90 days of the account open date. | 75,000 online bonus points — a $750 value — after you make at least $5,000 in purchases in the first 90 days of account opening. |
| Decision Criteria | Best for online consumers who buy groceries and streaming services. | Best for regular online food delivery eating, with large incentives at restaurants and grocers. | Best for travel-savvy customers looking for incentives on travel, transportation, and internet purchases. | Best for consumers who want customizable cashback on their preferred spending categories. | Best for budget-conscious customers searching for no yearly fee and consistent rewards on everyday internet purchases. | Best for high-end consumers who seek premium privileges, travel benefits, and unique shopping protections. |
Methodology
- Selection Factors: Choosing Bank of America high-rewards and non-expiry credit cards is based on financial benefits and long-term value.
- Primary Consideration: Identifying cards with rewards that do not expire, ensuring consistent benefits without redemption pressure.
- Customer-Centric Approach: Focus on customer preferences, reward structures, and flexible redemption options.
Top Recommended Cards:
- Bank of America® Customized Cash Rewards Credit Card: 3% cashback in a chosen category, 2% on groceries and wholesale clubs.
- Bank of America® Travel Rewards Credit Card: Unlimited 1.5 points per dollar with no expiration.
- Bank of America® Premium Rewards® Credit Card: High travel and dining rewards with flexible redemption.
- Methodology: Ensures selection of the most beneficial cards based on practical rewards usage and financial sustainability.
- Consumer Guidance: Helps users choose Bank of America credit cards with the best long-term value.
Why do you need a credit card that offers high and Non-expiry Rewards?
Individuals look for high and non-expiring reward credit cards to enjoy maximum spending rewards without the urgency of spending awards within a short time. High-reward credit cards offer increased cashback, travel points, or rewards on routine purchases that allow cardholders to save money or accrue useful perks over a period.
From cashback on dining to travel bonus points or restaurant discounts, these rewards can cover all your major expenses. Also, if the cardholder belongs to a rewards or preferred loyalty program, they can usually increase their earnings by 25%-75%, which makes these cards even more desirable.
Non-expiring rewards make sure that users don’t have to hurry to redeem their earnings before they expire. This is particularly helpful for those who save points over time for large purchases, future travel, or unexpected expenses. Unlike limited-time rewards, non-expiry benefits allow for long-term financial planning, giving cardholders the flexibility to redeem their points when it’s most valuable for them. Whether saving towards a dream holiday or merely piling up cashback for a rainy day, a credit card with high and non-expiring rewards gives cardholders security and maximum value.
Does Bank of America Offer Credit Cards for High and Non-Expiry Rewards?
Yes, Bank of America has high and non-expiry rewards credit cards that suit various spending patterns. Some of their best-selling cards are the Bank of America® Customized Cash Rewards card, which provides a maximum of 3% cashback in a chosen category (e.g., gas, dining, travel) and up to 75% Preferred Rewards bonuses for eligible customers. Another good choice is the Bank of America® Travel Rewards card, offering unlimited 1.5 points per dollar on all purchases with no points expiration.
For higher-end users, the Bank of America® Premium Rewards® card gives 2X points on travel and dining, along with useful travel credits. These cards never expire rewards, providing cardholders with flexibility and long-term value on their purchases.
Choosing the Best Bank of America Credit Cards for High and Non-Expiry Rewards (Criteria for Selection)
When choosing the best Bank of America credit cards for high and non-expiry rewards, consider the following key selection criteria:
Rewards Structure
Look for cards that offer high cashback, points, or travel rewards. Choose a card with rewards that align with your spending habits (e.g., groceries, dining, gas, travel). Some cards offer consistent rewards on all purchases, while others have higher rates in select categories.
Non-Expiring Rewards
Bank of America generally offers non-expiring cashback and points, but check the fine print. Always ensure the rewards do not expire as long as the account remains open.
Preferred Rewards Program
If you are a Bank of America Preferred Rewards member, you can receive a bonus on rewards ranging from 25% to 75%. To maximize this benefit, consider your relationship with the bank, including checking, savings, and investments.
Sign-Up Bonuses
Bank of America cards often provide introductory bonuses, such as “$200 cashback after spending $1,000 in the first 90 days.” It’s important to assess whether the spending requirement fits your budget.
Redemption Flexibility
Choose a card with easy redemption options for cashback, travel, or statement credits. Some cards offer enhanced value for travel redemptions.
Annual Fees
Cards with higher rewards may have annual fees (e.g., premium travel cards). Make sure to compare if the rewards earned justify the fee.
APR & Fees
Check for 0% intro APR offers on purchases or balance transfers. Look for low ongoing interest rates if you plan to carry a balance.
How Do Bank of America Credit Cards Help in Earning High and Non-Expiry Rewards?
How Bank of America Credit Cards Assist in Accumulating High and Non-Expiry Rewards:
- Reward Categories & Optimizing Earnings
Bank of America credit cards provide rewards in various categories so that users can personalize and optimize their earnings:
- Personalized Cash Rewards: As much as 3% cashback on a preferred category (gas, dining, travel, online shopping, etc.).
- Travel Rewards: Users get 1.5X or higher points per dollar spent on all purchases, with no limits.
- Premium Rewards: Cardholders get 2X points on dining and travel, and 1.5X on everything else.
- Preferred Rewards Boost: All the qualifying Bank of America customers can earn a 25%-75% rewards boost, doubling their earnings.
- Cashback, Points and Travel Rewards
- Cashback Cards (such as Customized Cash Rewards) offer money back in the form of cash, which is best for daily spending.
- Points-Based Cards (for example, Premium Rewards, Travel Rewards) support flexible redemption: travel, gift cards, or statement credits.
- Travel-Specific Rewards (such as Premium Rewards, Travel Rewards) give bonus points on flight, hotel, and restaurant bookings, with no blackout dates.
- Perks Extra: Bonuses, Multipliers & Promotions
- Sign-Up Bonuses: Many cards reward bonuses of $200-$500 to sign up upon achieving a threshold of spending over the initial couple of months.
- Multipliers & Rotating Categories: Users can earn more by redeeming higher rates on their categories of spending.
- No Expiry on Rewards: Bank of America does not have an expiry date for cashback and points, enabling long-term savings and redemption.
- 0% Intro APR Offers: Most cards offer 0% interest for the initial 12-18 months, which makes it convenient to pay expenses while earning rewards.
Advantages of Bank of America Credit Cards for High and Non-Expiry Rewards
Bank of America credit cards allow users to earn the maximum amount of rewards on a variety of spending categories, including dining, travel, gas, and online shopping. Using the Customized Cash Rewards Card, the customer can choose a 3% cashback category, whereas the Premium Rewards Card gives 2X points on travel and dining.
While some credit card schemes have a time limit for points or cashback, Bank of America rewards do not expire if the account is kept open. The reward points can be saved over time and cashed in when it’s most convenient, such as for high-ticket purchases, travel, or unexpected expenses.
No matter whether users want cashback or travel rewards, Bank of America allows redemption flexibility. Cashback rewards can be deposited directly or used as a statement credit, whereas travel rewards are usable for flight, hotel, and vacation packages with no blackout dates. Annual travel credits and airport lounge visits are also included in the Premium Rewards Card.
Most Bank of America credit cards feature purchase protection, which reimburses for stolen or damaged products within some time frame after they’ve been purchased. Extended warranties also provide additional coverage past the manufacturer’s warranty, making the cards worth the investment for large purchases.
All the new cardholders usually get 0% introductory APR for 12-18 months on balance transfers and purchases, saving them money on interest. Most cards also give sign-up bonuses of $200-$500 once the cardholder has spent a certain amount of money, which adds to the value of the rewards program.
Frequently Asked Questions
What is the best Bank of America credit card that provides the most rewards?
The Bank of America Premium Rewards Credit Card and Customized Cash Rewards Card are well-liked for high rewards.
Do Bank of America rewards points have an expiration date?
No, Bank of America rewards points and cashback do not expire if your account is kept open and in good standing.
Can I use my rewards to buy travel, cash, or gift cards?
Yes, Bank of America lets you redeem rewards as travel, cashback, statement credits, or gift cards.
Are there higher bonus categories?
Yes, higher rewards are provided in categories such as dining, travel, gas, and online shopping by certain cards.
Which is the best Bank of America credit card for daily purchases?
The Bank of America Customized Cash Rewards Card is perfect for daily spending, providing 3% cash back in a chosen category.