If you’re considering a credit card from Bank of America, you might be wondering about the benefits it offers. One enticing feature is the $200 online cash rewards bonus offer available. This offer presents a significant perk for new cardholders, providing them with a cash bonus upon meeting certain spending requirements. For individuals looking to maximize their rewards, this bonus can be a compelling incentive to choose a Bank of America credit card.
Additionally, Bank of America credit cards often come with introductory balance transfer offers. These offers typically involve a reduced or waived fee for transferring balances from other credit cards. While the initial fee might be lower, it’s essential to note that after the intro balance transfer fee offer ends, the fee for all future balance transfers is 4%. Understanding these terms can help individuals make informed decisions about their balance transfer strategies and associated costs.
Another aspect that sets Bank of America credit cards apart is the opportunity for enhanced rewards through the Bank of America Preferred Rewards® program. Members of this program can earn 25%-75% more cash back on every purchase. This means that instead of the standard cash back rate, members could potentially earn 1.87% – 2.62% cash back on every purchase, depending on their Preferred Rewards® tier. This tiered system incentivizes loyalty and can significantly boost the value of using a Bank of America credit card for everyday spending.
(Response: Bank of America offers a $200 online cash rewards bonus for new cardholders, along with the potential to earn enhanced cash back rewards through its Preferred Rewards® program. Additionally, while the introductory balance transfer fee offer may provide initial savings, it’s crucial to consider the standard fee for future balance transfers, which is 4%.)