Bank of America Cash Rewards: A Wise Investment with a Hook

Bank of America Cash Rewards: A Wise Investment with a Hook

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As consumers, we all want to maximize our spending power and get the most rewards for our purchases. This is where credit card rewards programs come in handy, and Bank of America’s Cash Rewards program is no exception. The Bank of America Cash Rewards credit card is a wise investment that offers an enticing hook for new cardholders.

What is Bank of America Cash Rewards?

Bank of America Cash Rewards is a credit card program that allows users to earn cash back on their purchases. Cardholders can earn cash back on everyday purchases, including groceries, gas, and dining out. Additionally, users can earn bonus cash back for shopping through Bank of America’s online shopping portal.

How Does the Program Work?

Bank of America Cash Rewards credit cardholders earn cash back in three different tiers:

  • 3% cash back on a category of their choice, including gas, online shopping, dining, travel, drug stores, or home improvement and furnishings
  • 2% cash back on groceries and wholesale clubs
  • 1% cash back on all other purchases

Cardholders can choose their 3% cash back category each month, and can change their selection at any time. The 3% and 2% cash back categories have a combined spending cap of $2,500 per quarter.

The Hook: Sign-Up Bonus and 0% APR Period

One of the most enticing hooks of the Bank of America Cash Rewards credit card is its sign-up bonus. New cardholders can earn a $200 cash back bonus after making $1,000 in purchases within the first 90 days of account opening. Additionally, new cardholders can take advantage of a 0% APR introductory period for 12 billing cycles on purchases and balance transfers made within the first 60 days of account opening.

The combination of a sign-up bonus and 0% APR introductory period make the Bank of America Cash Rewards credit card a wise investment for those looking to earn cash back on their purchases and save on interest charges.

Conclusion:

The Bank of America Cash Rewards credit card is a wise investment for consumers looking to earn cash back on their everyday purchases. The program offers cash back in three different tiers, including a 3% cash back category of the cardholder’s choice. Additionally, new cardholders can take advantage of a sign-up bonus and 0% APR introductory period, making this credit card a great option for those looking to maximize their spending power and save on interest charges.

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