Credit Cards

The 7 Best Bank of America Credit Cards of 2019


The 7 Best Bank of America Credit Cards of 2019 30.09.2019Leave a comment
The 7 Best Bank of America Credit Cards of 2019

In these days of a wide variety of options, service and product providers are strongly focusing on the wants and needs of customers to give them offers that will best match their interests. Banks are not an exception, too.

To make the products more marketable, they take a step back and try to understand the perspective of a customer. Lots of benefit packages are being offered to attract customers based on their lifestyle and interests. The variety of those benefit packages are pleasantly complicating the credit card choice.

Cash Rewards Credit Card

If you are looking for a card from the Bank of America, then Cash Rewards Credit Card is one of the good options you can go with.

Benefits

When I say that Bank of America pays attention to what its customers want, I mean it.  For instance, the bank gives you a 3% cash back on the purchase category of your choice. The list of options is wide, including gas, travel, dining, etc..

But what if you decide to change your category, that won’t be a problem. Maybe at some point during the year you won’t be making any travel purchases, because let’s say you have too many things to do at work and have no time to travel for a while. That’s alright, as you will have a chance to change the category every month to match it with your lifestyle.

Cash Rewards Credit Card
Cash Rewards Credit Card

Another 2% cash back is offered on grocery and wholesale clubs. And for all other purchases, 1% will be paid back to you! 

There is only one limit on the cash back; you can earn those 2% and 3% cash back rewards only for the first $2,500 of purchases every quarter. After that, it will become 1% for all purchases.

Despite these flexible cash back options, the cash rewards credit card offers travel and insurance benefits. For example, when sudden issues require a cancelation of a trip, it will be possible to receive refunds for the non-reimbursable part of the price. 

Additionally, it gives you the benefit of protecting your purchases by extending the period of your warranty by up to one year.

Reviews

There are both positive and negative experiences that users share. Some tell that when shopping online constantly, some reasons and excuses arise for not giving them cash backs.

There was a cardholder, who shared his satisfaction with the opportunity of earning the Customer bonus of 10% with some easy requirements. He said that it just takes you to maintain an average daily balance of $0 or have a deposit within 90 days.

Some could solve their problems with the help of customer service, and they were very happy with it, while others had hardships and thus considered the experience as negative.

Thus, we want to be informed about the available credit cards, benefits, and drawbacks they have and pick the right option based on who we are. To help you make an informed decision, let’s see what the Bank of America suggests.

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Pros
No annual pay
Introductory APR 0% for the first 15 payment cycles and during the first 60 days
Flexible cash back system
Introductory bonus opportunities
Cons
Is not great for those who do not spend much on bonus categories
Low cash back percentage for purchases after the $2,500 limit each quarter

BANKAMERICARD

As simple as it sounds, BankAmericard offers cardholders to save on interest with its Bankamericard credit card.

Benefits and rates

When talking about the benefits of this card, it should be noted that the card has a 0% introductory annual percentage rate for 15 months. This intro APR also applies to credit transfers and purchases made within the first sixty days of opening the account. After this period ends, a variable APR will be applied, which is now from 14.99% to 24.99% and the fee for transfers will be 3% (minimum of $10). 

In case you forget to make a payment, you will not receive an increase in interest rate. Additionally, a cardholder can benefit from the $0 annual payment.  This card has no annual fee and is strongly secured and protected from fraudulent activities.

BANKAMERICARD
BANKAMERICARD

Reviews

There are cardholders completely satisfied with credit terms and excellent customer service.

One of the customers’ shares that the bank considered some unusual activities and blocked the card. However, as soon as he explained that he was the one making those transactions and that the card is not stolen or hacked they the bank instantly unlocked the card.

While this user was positive about the bank blocking the card when noticing an odd activity, others complain when they get their cards blocked because the bank mistakenly considered their usage as fraudulent.

Another customer was very disappointed because her card was closed by the bank without notice, while she always made her payments on time and higher than the minimum amount. Moreover, her credit score dropped by 34 points because of that.

Pros
No annual fee
High security and protection
Cons
No rewards
Regular interest rates are high

Travel Rewards Credit Card

Traveling is, indeed an enjoyable activity in our lives. What if when making travel plans and payment lists you knew that you have earnings in terms of points that can be spent on purchases of tickets, hotels, car rentals, etc?

This definitely sounds appealing, and you can enjoy this opportunity with Travel Rewards Credit Card.

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Travel Rewards Credit Card
Travel Rewards Credit Card

Benefits

From every dollar spent you receive 1.5 points. This way, you accumulate points, which can later be used for travel purchases, including flights, vacation packages, car rentals, etc.

Another travel reward is 25,000 bonus points, which are received if the cardholder makes purchases of at least $1,000 in the first 90 days of opening the account. Later, those bonus points can be redeemed for a statement credit of $250 when making travel purchases.

Rates and Fees

While earning your points, you pay no annual fees, and no charges apply for foreign transactions. Additionally, this offer also provides a 0% introductory APR for the first twelve billing cycles. After that period a variable APR of 16.99% – 24.99% will be applied.

Reviews

Reviews and the rating of 4.5/5 indicate that users love the Travel Rewards Credit Card and all its bonus features. Many of them give feedback on how they enjoy using it out of the country and paying no foreign transaction fees. 

Although most people are highly satisfied with this card, there are some others who indicated a few drawbacks. One of the comments says that there are some places where this card is not accepted. There are also users suggesting that it would be easier to redeem travel rewards via the website than it is while using the mobile application.

Pros
No expiry and no limit for accumulated points
No blackout days to use your rewards
Points can be used for any travel purchases
Introductory APR
Cons
For each point, you earn only 0.006 cents

Alaska Airlines Visa Credit Card

Benefits 

After making purchases of $2,000 or more in the first 90 days of opening the account, you can receive 40,000 bonus miles offer and Alaska’s Famous Companion Fare™ of at least $121. 

Another great feature is that the companion fare of at least $121 will be given on each anniversary of your account and it is valid for bookings via alaskaair.com. This sounds like a birthday present! 

You can save for you and up to six companions on that flight with free checked bags on Alaska flights. 

You will be able to earn an unlimited number of miles! For a dollar spent on Alaska airline purchases, you get 3 miles and 1 mile for every other purchase. The accumulated miles do not expire as long as you have an active account.

Alaska Airlines Visa Credit Card
Alaska Airlines Visa Credit Card

Reviews

An anonymous reviewer told how happy she is that every time flying from Seattle to Washington DC, she pays $99 plus the taxes instead of $800. However, others complain that the card has very limited offers for flights.

Another reviewer said that although he never missed the payment due-dates, the bank charged a late payment fee because of a time zone difference.

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Best HSBC Bank Credit Cards of 2019
Pros
New account bonus
Anniversary present
Free checked bag for you and your friends
Unlimited number of miles with no expiry date
Cons
The card has a variable APR: 17.99% - 25.99%
The annual fee is $75
3% balance transfer fee, which should be minimum of $10.

Premium Rewards Credit Card

If you are looking for a card that can give you many travel benefits, then keep reading because the Premium Rewards credit card is probably what you are looking for.

Benefits

This card provides an opportunity to earn points while spending. You can get 2 points for each $1 spent on traveling and dinners as well as 1 point for every dollar spent on all other purchases. What’s more, you can earn 50,000 points, which is equal to $500, by spending $3,000 or more on purchases during the first 90 days after opening your account. There is no limit on how many points you can accumulate, and there is no expiry date on your existing points. 

Premium Rewards credit card provides an emergency travel benefits package. Firstly, you receive the Airline Incidental Statement Credit of up to $100, which will be applied when making incidental payments such as seat upgrades, baggage fees, lounge fees in airports, etc. Secondly, you get a travel protection package to enjoy.

You also receive purchase protection. For example, if an item that was purchased with this card gets stolen or broken during 90 days after you buy it, you can receive a repair or reimbursement. Other purchase benefits include a warranty extension up to 1 year and return protection for up to $250 and a total of $1,000 annually. 

But we are not done with benefits yet. The card protects your car, too. For instance, in case of damage from accident or theft, you can receive reimbursement.  

Premium Rewards Credit Card
Premium Rewards Credit Card

Reviews

People who have difficulties using the promised reimbursements while traveling has complaints about the card.

One commented, that while going to the airport with the expectation that the baggage fee of $100 will be reimbursed, he learned that the airline of that flight is not qualified. He never knew that there is a list of unqualified airlines and could not find it on the website.

On the other hand, some mentioned that in the terms and conditions part the list of airlines that the incidental credit will work on. Moreover, some said that this card is a very good option if you maintain a high cash balance and big spendings.

Pros
An introductory bonus amounting to 50,000 points
Opportunities to earn points from everyday purchases
No fees for foreign transactions
Benefit packages for traveling, purchase and car protection
Cons
Annual fee of $95
The card does not have an introductory APR. The annual percentage rate varies from 17,99% to 24,99%.

MLB Credit Cards

If you are an MLB fan, then these cards are for you. You can support your favorite team by choosing a card with it. All of the MLB teams are available for you to choose from.

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Benefits

MLB credit card allows you to earn cash backs while making your daily purchases. There are three groups of cash backs. For the first one, you choose a category from a wide list that meets your interests.

On what do you spend more?

Gas?

Dining? Travel?

Or you shop online?

You choose the category and receive 3% cash back from your purchases. The second group includes food stores and wholesale clubs. The cash back rate for this group is 2%. And the last group includes all other purchases for which you receive a 1% cash back. 

MLB Credit Cards
MLB Credit Cards

Rates and Fees

MLB Credit Card doesn’t have an annual fee. Moreover, it has an introductory APR of 0% for the first 15 months and for any balance transfers made during the first 60 days after opening your account. After that time period, a variable APR of 15.99% – 25.99% will be applied. 

The card provides an opportunity to earn $200 reward by making purchases of $1,000 or more during the first 90 days. 

Our thoughts

This card can be a great choice for you if you are a fan of MLB. It provides a decent amount of cash back rewards and has no annual fee. Besides that, having a 15 month introductory period with 0% APR is a very good benefit that not many cards in the market can offer.

Pros
High level of security: Those chip cards keep your purchases protected. Moreover, you receive a 0% liability guarantee for fraudulent transactions. When suspecting or detecting a potentially fraudulent activity, the transaction will be blocked, and the cardholder will be informed about it.
Customer bonus: You can receive a 10% customer bonus by depositing your earnings into Merrill Edge or Merrill Lynch Wealth Management account in Bank of America.
Cons
Penalties: You should be careful with the timing of your payments. For each delay of your payment, you will have to pay a penalty of up to $39.
No club-specific benefits: Unlike some other cards related to sports clubs, this card does not provide discounts on league specific items.

World Wildlife Fund Credit Card

This card has wide cash back opportunities because it allows you to earn points from various daily purchases.

Benefits

With World Wildlife Fund credit card you can receive a 3% cash back from the purchases of the category of your choice be it gas, medicine, dining, or traveling. 2% cash back can be received from purchases in wholesale and grocery stores. For all other purchases, 1% cash back will be received.

World  Wildlife Fund will receive a minimum of $3 every time a credit card is opened or renewed. 0.8% of all net retail purchases go to the fund as well.

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Additionally, one can get a bonus of $200 by making purchases amounting to $1,000 during the first 90 days.

World Wildlife Fund Credit Card
World Wildlife Fund Credit Card

The card includes 3 benefit packages:

  • Travel benefits: You can use Common Carrier Travel Accident insurance when you purchase your ticket with this card.
  • Purchase benefits: You can enjoy an extended warranty period on your purchases.
  • Auto renting benefits: If there is damage because of theft or an accident, you can receive reimbursement with the help of Auto Rental Collision Damage Waiver insurance.

Rates and Fees

There is no annual fee charged for this card. The card has a low introductory APR, which is 0% for the first 15 months. After that, a standard APR applies, which varies between 15.99% and 25.99%.

Reviews

If you are looking for a credit card with no annual fee and you also care about supporting World Wildlife Fund, then this is a great option for you. It has cash back rewards and a long introductory period and a good sign-up bonus.

Pros
Signup bonus and no annual fee
Wide list of cash back opportunities
Support to World Wildelife Fund
Cons
3% foreign transaction fee
Late payment penalty, up to $39 and APR increase to 29.99%

Final Thoughts

These are just some of the credit card options that the Bank of America offers to its customers. By carefully learning the benefits and drawbacks of each credit card, you can definitely find a card that will give you the most based on your daily life and preferences.

You can find a credit card that supports what you prioritize be it saving opportunities, traveling or purchasing benefits, animal or sports support.

In case you find unfamiliar terminology such as annual percentage rate, annual fee, etc., in the card descriptions, take a look at the article about the credit terms.

Make your well-informed choice of a credit card and enjoy your spendings.

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Andrei Shilkov

Blog author. I am well versed in Finance and Digital Marketing. I have two bachelors degrees in Finance. Born in Russia, but later moved to the USA, to western Pennsylvania, the city of Pittsburgh. I have a Certified Public Finance Officer (CPFO) certificate. I also worked at IRS and Microsoft.

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