B of A Compliance Article
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Written by
Jasmin Baron, CCC™
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Edited by
P. Griffiths
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Side By Side Comparison
Annual Fee
$0
$0
Purchase and Balance Transfer APR
0% Intro APR for 15 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the intro APR offer ends a 17.49% – 27.49% Variable APR will apply.
0% Intro APR for 15 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the intro APR offer ends a 17.49% – 27.49% Variable APR will apply.
Welcome Bonus
$200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening
$200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening
Ongoing Rewards
6% cash back for the first year in the category of your choice and 2% cash back at grocery stores and wholesale clubs for the first $2,500 in combined choice category / grocery store / wholesale club quarterly purchases.
After the first year from account opening, you’ll earn 3% cash back on purchases in your choice category and 2% cash back at grocery stores and wholesale clubs, up to the quarterly maximum.
1% cash back on all other purchases.
After the first year from account opening, you’ll earn 3% cash back on purchases in your choice category and 2% cash back at grocery stores and wholesale clubs, up to the quarterly maximum.
1% cash back on all other purchases.
2% cash back on all purchases for the first year from account opening.
1.5% cash back on all purchases after the first year from account opening.
1.5% cash back on all purchases after the first year from account opening.
Pros & Cons
- Compelling and easily achievable bonus offer
- Flexible cash back with the option to update your rewards category each month
- Elevated cash back your first year
PROS
- Rewards categories have a $2,500 combined spending cap each quarter which limits your earning potential
- There is a foreign transaction fee so it’s not the best option for purchases outside of the U.S.
CONS
- Easily achievable bonus offer
- Generous introductory APR periods
- No annual fee
PROS
- No bonus categories
- There is a foreign transaction fee so it’s not the best option for purchases outside of the U.S
CONS
Learn More
Side By Side Comparison
Annual Fee
$0
$95
Purchase and Balance Transfer APR
0% Intro APR for 15 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the intro APR offer ends a 17.49% – 27.49% Variable APR will apply.
19.49% – 27.49% Variable APR on purchases and balance transfers
Welcome Bonus
25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening – that can be a $250 statement credit toward travel purchases
Receive 60,000 online bonus points – a $600 value – after you make at least $4,000 in purchases in the first 90 days of account opening
Ongoing Rewards
1.5 points per $1 spent on everyday purchases.
3 points per $1 spent on travel purchases booked through the Bank of America Travel Center.
3 points per $1 spent on travel purchases booked through the Bank of America Travel Center.
Earn unlimited 2 points for every $1 spent on travel and dining purchases.
Earn unlimited 1.5 points for every $1 spent on all other purchases.
Earn unlimited 1.5 points for every $1 spent on all other purchases.
Pros & Cons
- $0 annual fee
- Flat-rate rewards keep things simple
- No foreign transaction fees
PROS
- Elevated points for certain purchase categories are limited
- No additional travel perks offered
CONS
- Exceptional and straightforward ongoing rewards
- Annual airline incidental statement credits
- No Foreign Transaction Fee
PROS
- No intro APR period on purchases or balance transfers
- Annual Fee
