Bank Americard Cash Rewards: Earn $50 statement credit
Here is a pretty nice credit card deal which came into our inbox this morning. Currently Bank of America is running a promotion in which you can earn a $50 credit after applying for their “Cash Rewards Card” and making a few qualifying transactions.
Here are the specs for the Bank of America Cash Rewards Card:
0% APR intro period – Introductory APR only for purchases, balance transfers, and direct deposits for your first 7 or 10 billing cycles. The duration of the Intro APR is determined based on creditworthiness. You will lose the Intro APR if you exceed the credit limit or are late with a payment. Payments you make will be applied to lower rate balances first.
13% – 21% APR after intro – Not a terrific APR if you do not plan on paying off your full debt each month. This is a VARIABLE rate and is subject to change.
$0 annual fee – this is typical, most credit cards don’t impose an annual fee
Fees for balance transfers and direct deposits: 3% of each transaction with a minimum of $10. Applies to transactions subject to the intro APR.
Complete list of Credit Card Features:
(as seen on their promo page)
- Receive a $50 Statement Credit after qualifying transaction(s)
- Earn 3% cash back on gas, grocery and drugstore purchases for the first 6 months and 1% on all other purchases
- Get a 25% bonus for all cash rewards redemptions of $300 or more
- Get redemptions starting at $25, with the capability to set up automatic redemptions
- Redeem rewards for a check, account credit, direct deposit or pay down your eligible Bank of America mortgage
- Free access to the Add It Up program
- No annual fee
