Bank of America Cash Rewards – Earn While You Spend!

The Bank of America Cash Rewards credit card offers customers the opportunity to earn cash back on their everyday purchases. Cardholders can earn 1% cash back on all net purchases, 2% cash back at eligible grocery stores and wholesale clubs, and 3% cash back in a choice category such as gas, online shopping, dining, travel, drug stores, or home improvement/furnishings. There is no limit to the amount of cash rewards that can be earned, and the rewards do not expire as long as the account remains in good standing.

Earn Lucrative Cash Rewards with the Bank of America Credit Card

The Bank of America Cash Rewards credit card offers cardholders several opportunities to earn rewarding cash back on their everyday purchases. First, customers can earn a base rate of 1% cash back on all net purchases. This provides a steady stream of cash rewards for the everyday spending that makes up the bulk of most consumers’ budgets.

Bonus Cash Rewards on Grocery and Gas Purchases

In addition to the base 1% cash back, the Bank of America Cash Rewards card also offers 2% cash back at eligible grocery stores and wholesale clubs. This elevated rate on common household expenses like groceries and gas can help cardholders maximize their cash back earnings.

Customize Your Choice Category for 3% Cash Back

But the real opportunity to earn lucrative cash rewards comes from the card’s customizable 3% category. Cardholders can select from a list of options, including gas, online shopping, dining, travel, drug stores, and home improvement, to earn 3% cash back in that category of their choice. This flexibility allows customers to tailor their rewards to match their unique spending habits and priorities.

The choice category can be changed once per calendar month, so cardholders can optimize their cash back earnings throughout the year as their spending needs evolve. With the ability to earn 3% cash back in a category that matters most to them, the Bank of America Cash Rewards card empowers customers to maximize their rewards.

Bonus Opportunity: Preferred Rewards Boosts Your Cash Back

Bank of America customers who are enrolled in the Bank of America Preferred Rewards or Merrill Wealth Management programs can earn an even greater 25-75% more cash back on their Bank of America Cash Rewards credit card. This lucrative banking rewards program provides an excellent opportunity to maximize your cash back bonus based on your deposit and investment balances with Bank of America and Merrill.

Qualification Criteria for Preferred Rewards

To qualify for the Preferred Rewards program and earn the additional cash back bonus, Bank of America customers must meet specific criteria related to their combined deposit and investment balances with the bank. The exact qualification requirements and program details are available on the Bank of America website, so be sure to review the eligibility guidelines to see if you qualify.

Earn 25-75% More Cash Rewards

Once you’ve enrolled in the Preferred Rewards program, you’ll be able to earn 25-75% more cash back on your Bank of America Cash Rewards credit card purchases. The precise bonus percentage is determined by your total balances across your Bank of America and Merrill accounts. This enhanced banking rewards can provide a significant boost to your overall cash back earnings, making the Bank of America Cash Rewards card an even more valuable financial tool.

Redeeming Your Cash Rewards with Ease

Bank of America Cash Rewards cardholders have several convenient options to redeem their hard-earned cash rewards. Whether you prefer a one-time redemption or an automatic, hassle-free approach, the flexibility of the program ensures you can access your cash rewards when it suits your financial needs best.

One-Time Redemption Options

Customers can choose a one-time redemption of their cash rewards into a Bank of America checking or savings account, a qualifying Cash Management Account with Merrill Lynch, or as a statement credit. The best part? There is no minimum requirement for these one-time redemptions, making it easy to claim your rewards whenever you’re ready.

Automatic Redemption for Simplicity

For those who prefer a more hands-off approach, the Bank of America Cash Rewards card offers automatic redemption capabilities. You can set up your account to automatically redeem your cash rewards once a $25 minimum threshold is reached, ensuring your earnings are consistently directed to your checking, savings, CMA, or used as statement credits. This streamlined option provides enhanced convenience and effortless cash rewards management.

Bank of America Credit Card: No Expiration on Cash Rewards

One of the standout features of the Bank of America Cash Rewards credit card is the fact that the cash rewards earned do not expire, as long as the account remains in good standing. This provides customers with the flexibility to accumulate their credit card rewards over time without the worry of them expiring, allowing them to redeem the cash back when it is most convenient for their financial products and banking services needs.

This no-expiration policy on cash rewards is a significant advantage for Bank of America Cash Rewards cardholders. It enables them to strategically manage their no expiration on cash rewards, building up their rewards balance over time and then accessing those funds when they need them most. This flexibility can be particularly beneficial for customers who want to maximize their cash back earnings without the pressure of redeeming rewards before a certain deadline.

By offering a credit card rewards program with no expiration on the cash back earned, Bank of America demonstrates its commitment to providing valuable, long-term benefits to its customers. This feature, combined with the card’s other attractive attributes, such as bonus cash back in popular spending categories, makes the Bank of America Cash Rewards credit card a compelling choice for consumers looking to optimize their banking services and financial products.

Explore the Program Rules and Eligibility Criteria

To maximize the cash back earned through the Bank of America Cash Rewards program, it’s important for cardholders to understand the detailed rules and eligibility criteria. This includes the specific merchant category codes that qualify for the 2% and 3% bonus categories, as well as the types of transactions that are eligible for earning rewards and any exclusions.

Merchant Category Codes for Bonus Categories

The 2% cash back at eligible grocery stores and wholesale clubs is applied to purchases made at merchants with specific merchant category codes associated with those business types. Similarly, the 3% cash back category that cardholders can customize is also tied to particular merchant codes. Understanding these code requirements ensures cardholders can maximize their bonus cash back earnings on eligible purchases.

Qualifying Transactions and Exclusions

In addition to the merchant category code requirements, the Bank of America Cash Rewards program has guidelines on the types of transactions that qualify for earning cash back. This includes factors such as whether the purchase was a net transaction, any returns or credits, and potential exclusions for certain types of purchases or cash advances. Reviewing these qualifying transaction details helps cardholders avoid any surprises when redeeming their earned cash rewards.

By familiarizing themselves with the Bank of America Cash Rewards program rules and eligibility criteria, customers can ensure they are taking full advantage of the cash back earning opportunities on their everyday purchases. This knowledge empowers cardholders to optimize their rewards and get the most value from their Bank of America Cash Rewards credit card.

Get Started with the Bank of America Cash Rewards Card Today

Customers interested in applying for the Bank of America Cash Rewards credit card can do so today. By signing up, you’ll have the opportunity to earn 1% cash back on all your net purchases, 2% cash back at eligible grocery stores and wholesale clubs, and 3% cash back in a customizable category of your choice. This flexible rewards structure allows you to maximize your cash back earnings on the everyday expenses you already have.

These valuable programs provide an added incentive to choose the Bank of America Cash Rewards card for your banking and financial needs.

The card’s flexible redemption options and the fact that your rewards never expire as long as your account remains in good standing make the Bank of America Cash Rewards card an attractive choice for those seeking to optimize their cash back earnings. Take the first step and apply for the Bank of America Cash Rewards card today to start earning more on your everyday purchases.