Bank Of America is generally not known for great credit card incentives – until now. A new offer from BOA for the BankAmericard Cash Rewards credit card offers you a $250 cash bonus after you spend $500 in new retail purchases within the first 90 days of account opening.
The BankAmericard is a simple cash rewards card with no annual fee. Earn 2% cash back when you buy groceries, 3% back on gas, and 1% on everything else. We love this card because of its simplicity. There are no hoops to jump through for bonus points and other incentives. You earn a straight cash back amount on daily purchases which you can redeem for a check, statement credit, or have your bonus put directly into your Bank Of America checking account. If you do choose to have your cash direct deposited BOA will give you a 10% bonus which can be pretty substantial if you use this card often. BOA does limit the amount of purchases that earn the higher cash back. You will earn the 2% / 3% on up to $1500 each quarter for the respective categories.
A few other benefits of this card include the fact that you also get a 0% APR on balance transfers and purchases for the first 12 months if made within the first 60 days of account opening. This would be a great card to put all of those Holiday expenses on and have the freedom to pay them back interest free for the next 12 months.
Ready to apply? Visit Bank Of America HERE for full details.
It appears, as of 25JAN2012, that this offer is no longer valid. The link for the application takes the user to a site that states "The application you are requesting is currently unavailable".
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