Bank of America Credit Cards - Best Offers for January 2024 | Bankrate (2024)

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 theDiscover it® Miles.

Read our fullBank 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, theCiti Custom Cash® Cardis 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 fullBank of America Customized Cash Rewards credit card review or jump back tooffer 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 withtheAmerican 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 fullBank of America Business Advantage Customized Cash Rewards Mastercard credit card reviewor jump back tooffer 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: Customers with big savings accounts who can maximize the boosted rewards rates in the Bank of America 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.

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.

Alaska Airlines Visa credit card: Best for Alaska Airlines benefits

• 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.

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, theCiti Double Cash® Cardis 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.

*The information about the BankAmericard® credit cardhas been collected independently by Bankrate.com. The card details have not been reviewed or approved by the card issuer.

Read our fullBankAmericard credit card review .

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.

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.

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.

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