BankAmericard rewards you for keeping your balance in shape

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at issuer’s secured site
good credit
intro purchase APR 0% for 12 monthsregular APR11.99 - 21.99% (V)
intro BT APR 0% for 12 months 3% min $10
rewards $25 every quarter +$5 per quarter for checking account
  • get $25 every quarter if you pay your balance faster than just minimum payments
  • plus get additional $5 if you have a checking account with BoA
  • cashback is posted to your account automatically

no annual fee

good 0% intro APR offer

up to $30 cashback every quarter

Editors Review

Pros

  • No annual fee
  • Main feature of the card: You get a $25 bonus every quarter if you pay off your debt on the card faster than minimum monthly payment, regardless of the amount. For example, you can exceed your monthly minimum even by only $1 and still receive this $25 bonus.
  • You can get additional $5 if you have BoA checking or savings account. Total annual rewards can add up to $120.
  • 0% intro APR for balance transfers and purchases for 12 months
  • Low regular APR 11.99%-21.99%
  • EMV Chip on the card

Cons

  • No rewards on spending

Verdict

Uncommon approach –the card that rewards you not for spending more but for decreasing your balance. Many cardholders apply a following card usage pattern: get a small balance on a card and pay it off a little bit faster than a minimum receiving $120 annually. 

For collecting rewards, it is better to get a more common rewards card that gives you bonuses for maximum spending.

Last updated: 02/14/2015









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