2026.4 Replace: In addition to the $200 plus 6% money again within the class of your selection for the primary yr provide offered by BoA itself, third social gathering web site Rakuten presents a further $75 cashback. Observe that in case you select to earn MR on Rakuten you may even see $0 further cashback, it is advisable to select to earn cashback on Rakuten. HT: DoC. [Update] The extra cashback provided by Rakuten is elevated from $75 to $150.
2025.6 Replace: The brand new provide is $200 plus 6% money again within the class of your selection for the primary yr. That is 3% extra cashback along with the prevailing 3% cashback price on class of your selection. The higher restrict is identical $2,500 spending per quarter. Subsequently, in case you are a Platinum Honors member with +75% bonus, you’ll earn 3%*(1+75%)+3%=8.25% cashback price! That is the most effective ever provide on this card.
2023.8 Replace: Small enchancment about 3% cashback classes: the gasoline class now contains EV charging; the net buying class now contains cable, streaming, web, and telephone plan. HT: DoC.
Utility Hyperlink
- BoA Personalized Money Rewards common model by way of Rakuten. (Click on right here to join Rakuten and earn $50)
- BoA Personalized Money Rewards for College students. Observe: scholar model has the identical advantages because the common model besides the sign-up bonus. We propose college students apply for scholar model, non-students apply for non-student model, as advised by their names.
Advantages
- $200 provide: earn $200 after spending $1,000 in first 3 months. Observe which you could solely get this sign-up bonus in case you apply on-line, you gained’t get it if making use of in department. The best provide on this card is $200.
- Earn 3% money again within the class of your selection:
- on-line buying + cable/streaming/web/telephone plan
- eating
- journey
- gasoline + EV charging
- drug shops
- residence enchancment/furnishings
I like to recommend you to decide on the “on-line buying” class as a result of it covers a really broad vary of purchases (see this official webpage about which retailers depend). And earn 2% money again at grocery shops and wholesale golf equipment (e.g. Sam’s Membership). Earn 1% money again on different purchases.
- BoA Most popular Rewards program: When you have checking/financial savings/brokerage account in BoA or Merrill Edge, you possibly can earn further cashback primarily based on the quantity of asset. Earn further 25% rewards in case you are in Gold tier ($20k or extra in stability); 50% if Platinum tier ($50k or extra in stability); 75% if Platinum Honors tier ($100k or extra in stability).
- No credit score historical past wanted, so long as you’ve gotten specific amount of deposit in Financial institution of America (BoA) Checking Account. When you have no credit score historical past, it is advisable to go to the department to use.
- No annual price.
Disadvantages
- You’ll solely earn 3% and a couple of% money again on the primary $2,500 in mixed bonus classes every quarter, then earn 1%.
- It has overseas transaction price, so it isn’t a good selection exterior the US.
Really helpful Utility Time
- You will get it even with out SSN and with no credit score historical past in any respect! We advocate you go to the department on this state of affairs.
- [New] 2/3/4 Rule: BoA will solely approve you for at most: 2 playing cards per rolling 2 months; 3 playing cards per rolling 12 months; and 4 playing cards per rolling 24 months. As a result of their IT system hasn’t been absolutely up to date but, it’s possible you’ll not get declined due to this rule. As an alternative, it’s possible you’ll get accepted at first, after which the account will likely be closed due to “accepted in error”.
- [New] 24 month churn rule: This card is not going to be out there to you in case you at present have or have had the cardboard within the previous 24 month interval.
Abstract
The three% cashback on on-line buying is respectable, as a result of the vary could be very large. The cap of three% cashback is a bit small. Nonetheless, it’s nonetheless value making use of if in case you have zero or very restricted credit score historical past. You must go to a department to use in case you do not need any credit score historical past, word that you’ll not get any sign-up bonus making use of in department, however don’t care concerning the bonus for your first bank card. You can swap to different bank cards with higher rewards after you have sufficient credit score historical past.
Different Variations
There are a number of different variations of this card. The advantages are an identical, however BoA deal with them as separate merchandise. Subsequently in case you are , you possibly can apply for all of them so long as BoA 2/3/4 Rule is happy. Why it’s possible you’ll need to get these playing cards? Other than the enroll bonuses, you may as well enhance the three% cashback restrict by holding a number of of those playing cards.
Associated Credit score Playing cards
After Making use of
- Click on right here to examine BoA utility standing.
- BoA reconsideration backdoor quantity: 800-732-9194. It appears that evidently the quantity is altering. Please inform us directly if it fails. The representatives right here can get in contact with decision-makers instantly.
Historic Gives Chart
Utility Hyperlink
- BoA Personalized Money Rewards common model by way of Rakuten. (Click on right here to join Rakuten and earn $50)
- BoA Personalized Money Rewards for College students. Observe: scholar model has the identical advantages because the common model besides the sign-up bonus. We propose college students apply for scholar model, non-students apply for non-student model, as advised by their names.
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