Better $175 Bonus With BankAmericard Cash Rewards Card
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Here’s an interesting offer for folks who like cash back!Doctor of Credit reports you can earn a $175 bonus when you spend $500 on purchases in the 1st 90 days of opening a BankAmericard Cash Rewards Visa Card for the American Bar Association.
You do NOT have to be a member of the American Bar Association to apply.Emily and I don’t earn a commission for this card, but we’ll always tell you about the best offers!
This is a very good deal for this card. Because the sign-up bonus on the regular version is $100 after meeting the same minimum spending requirement.
Let’s see what you get with this card!
What’s the Deal?
The BankAmericard Cash Rewards American Bar Association card has an improved sign-up bonus of $175 after you spend $500 on purchases in the 1st 90 days of opening your account.
That’s a good bonus for a cash back card, especially considering the card has a low minimum spending requirement and no annual fee.
With this card, you’ll also get:
- 3% cash back at gas stations and 2% cash back at grocery stores (on maximum combined spending of $1,500 each quarter)
- 1% cash back on everything else
- 10% bonus when you redeem your cash back into a Bank of America checking or savings account
Keep in mind, this card charges 3% in foreign transaction fees. So it’s NOT a good card to use overseas.
But it’s a good card to keep forever to potentially boost your credit score. Because it has no annual fee.
And because it’s a Visa, you’ll be eligible for Visa discounts. I also like that Bank of America credit and debit card holders get free access to 150+ museums the 1st full weekend each month with their Museums on Us program.
Are You Eligible for This Card?
Again, you do NOT have to be a member of the American Bar Association to apply.
And this is a different card product from the regular BankAmericard Cash Rewards card. So if you already have that version, you should still be eligible for the bonus.Note: If you apply for more than 1 Bank of America card in 1 day, they’ll typically combine the credit pulls (so only 1 inquiry shows up on your credit report and your score likely won’t drop as much).
So if you’re considering applying, you might want to see if there are other Bank of America cards you’re interested in and sign-up at the same time.
In my experience, the number of Bank of America cards you’re able to get depends on the total amount of credit they’re willing to extend you. Some folks have had success being approved for more Bank of America cards by lowering the credit line on their existing accounts with them.
How Does This Card Compare to the Chase Freedom?
If you like cash back, the BankAmericard Cash Rewards American Bar Association card could be a nice addition to your wallet!
Especially if you can make the most of the 2% and 3% category bonuses at grocery stores and gas stations each quarter.
That said, my favorite no-annual-fee cash back card is still the Chase Freedom. It has terrific rotating 5X Chase Ultimate Rewards points (5% cash back) quarterly bonuses on categories like gas stations, commuter transportation, and Amazon.
The sign-up bonus is slightly lower ($150 or 15,000 Chase Ultimate Rewards points after you spend $500 on purchases in the 1st 3 months of opening your account). But you’ll also earn 2,500 Chase Ultimate Rewards points ($25) when you add an authorized user who makes a purchase in the 1st 3 months.
But the best thing about the Chase Freedom is how flexible the points are. If you also have the Chase Sapphire Preferred, Chase Ink Plus, or Chase Ink Bold (no longer available), you can combine your points and transfer them to partners like Hyatt and United Airlines for Big Travel!
If you like both cards, you might consider applying for the Chase Freedom first. That’s because Chase has tightened their application rules. And they may not approve you for cards like the Chase Freedom if you’ve received more than ~5 credit cards in the past 24 months.
As always, consider your spending habits and travel goals to determine which card is best for you.
The BankAmericard Cash Rewards Visa Card for the American Bar Association has an increased sign-up bonus of $175 after you spend $500 on purchases in the 1st 90 days of opening your account.
You do NOT have to be a member of the American Bar Association to apply.
This is a good deal for a card with no annual fee. Plus, you’ll earn extra cash back at gas stations (3%) and grocery stores (2%) on a maximum of $1,500 in combined spending each quarter.
You’ll also earn a 10% bonus when you deposit your cash back to a Bank of America checking or savings account.
Emily and I don’t earn a commission for the BankAmericard Cash Rewards American Bar Association card, but we always share the best deals with our readers!I still prefer the Chase Freedom (which has a similar sign-up bonus and no annual fee) because it’s more flexible. You can redeem your Chase Ultimate Rewards points for cash back. Or do what I do, which is transfer them to airline and hotel partners if you also have the Chase Sapphire Preferred, Chase Ink Plus, or Chase Ink Bold (no longer available) cards.
But if you prefer cash back, the BankAmericard Cash Rewards American Bar Association card is worth considering.
Chase Sapphire Preferred® CardAPPLY NOW
Chase Sapphire Preferred® Card
Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That’s $750 when you redeem through Chase Ultimate Rewards®.
Enjoy benefits such as a $50 annual Ultimate Rewards Hotel Credit, 5x on travel purchased through Chase Ultimate Rewards®, 3x on dining and 2x on all other travel purchases, plus more.
Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For example, 60,000 points are worth $750 toward travel.
With Pay Yourself Back℠, your points are worth 25% more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories
Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
Get complimentary access to DashPass which unlocks $0 delivery fees and lower service fees for a minimum of one year when you activate by December 31, 2024.
18.99% – 25.99% Variable
Either $5 or 5% of the amount of each transfer, whichever is greater.
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