Best Bank of America Credit Card 2026
Bank of America cards shine for existing customers who can boost rewards through the Preferred Rewards program by up to 75%.
Bank of America Customized Cash Rewards
3% in a category you choose plus 2% at grocery stores — and Preferred Rewards members earn up to 5.25% in their chosen category.
- Rewards: 3% chosen category, 2% grocery/wholesale (up to $2,500/quarter), 1% other
- Annual Fee: $0
- Welcome Bonus: $200 after $1,000 spend in 90 days
Bank of America Unlimited Cash Rewards
Simple 1.5% flat-rate card that upgrades to 2.625% for Preferred Rewards Platinum Honors members.
- Rewards: 1.5% on all purchases
- Annual Fee: $0
- Welcome Bonus: $200 after $1,000 spend in 90 days
Bank of America Premium Rewards
2x on travel and dining with a $100 airline incidental credit and TSA PreCheck credit.
- Rewards: 2x travel/dining, 1.5x other
- Annual Fee: $95
- Welcome Bonus: 60,000 points after $4,000 spend in 3 months
Quick Comparison
| Card | Rewards | Annual Fee | Best For |
|---|---|---|---|
| BofA Customized Cash | 3% custom/2% grocery | $0 | BofA customers |
| BofA Unlimited Cash | 1.5–2.625% | $0 | Preferred Rewards members |
| BofA Premium Rewards | 2x travel/dining | $95 | Premium travel |
How to Choose
Bank of America cards are most valuable for customers with $20,000+ in BofA or Merrill accounts — the Preferred Rewards boost can take a 3% card to 5.25%.
Frequently Asked Questions
What is the Bank of America Preferred Rewards program?
A loyalty program that boosts credit card rewards by 25–75% based on your combined BofA and Merrill account balances.
How do I maximize BofA rewards?
Hold $100,000+ in BofA/Merrill accounts to reach Platinum Honors tier, which gives a 75% rewards boost.
Are BofA cards good if I don’t bank there?
The base rewards are competitive but not exceptional. The cards are most compelling for existing BofA/Merrill clients.