Update 4/8/19: Reader S. reached out about a preapproval offer they found in their login with the same $200 offer on just $500 spend. More interesting is that it shows an end-date of April 9th, so it’s possible the public $200 offer (below) will also expire then. Just a headsup, we’ll see what happens.
Update 4/6/19: Bonus is $200 again, last time it was $200 was in July 2018. Spend requirement is now $1,000 instead of $500
The Offer
- Receive a sign up bonus of $200 after $1,000 in spend on the Bank of America Cash Rewards credit card.
Card Details
Read our full review of the Cash Rewards card.
- No annual fee
- 10% bonus when redeeming cash rewards to a Bank of America checking or savings account, bumped to 25%, 50%, or 75% for members of the Preferred Rewards program (doesn’t apply to sign up bonus)
- You can choose a category to earn 3% cash back in
- Earns 1% on all other purchases, or on gas, groceries, and wholesale club purchases after exceeding the $2,500 per quarter limit
- 0% introductory APR offer for first 12 billing cycles on purchases and balances transfers (within first 60 days, 3% fee applies)
Our Verdict
We haven’t seen this $200 offer since mid 2018. This card/bonus used to be extremely popular as getting multiple Bank of America cards in the same day and under one single credit pull was done. Getting approved for multiples from Bank of America is now much more difficult. Some readers love these cash offers with low minimum spend requirements, but a lot of people will get better value from getting travel cards (e.g Premium Rewards 50,000 points, 30,000 point Amtrak offer or 30,000 Alaska miles + $100 statement credit offer).doc Before apply I’d recommend reading these things everybody should know about Bank of America credit cards.
Hat tip to US Credit Card Guide
