Signing up for credit cards through partner links earns us a commission. Terms apply to the offers listed on this page. Here’s our full advertising policy: How we make money. When you sign-up for the Bank of America® Cash Rewards credit card, you’ll earn a $200 cash
bonus after meeting the minimum spending requirements. Cash back bonus aside, does this card have the benefits and perks to stay in your wallet? If you’re looking for a no annual fee cash back card and not a big spender, then yes. The Bank of America Cash Rewards card benefits, perks and earning
potential make it worth keeping. I’ll show you why the Bank of America Cash Rewards Card benefits and perks make the no annual fee card even more attractive. With the Bank of America Cash Rewards card, you’ll earn a $200 cash bonus after you spend $1,000 in purchases in the first 90 days of account opening. Plus, the card has no annual fee, so it’s free to keep indefinitely. While that’s a nice benefit on its own, you’ll also get a few other perks that can come in handy should
you need them. Here are the standout benefits of the card. My favorite benefit of the Bank of America Cash Rewards card is the ability to pick where you earn your 3% cash back each month. Though the card earns a minimum 1% cash back, you can earn 2% cash back at grocery stores and wholesale clubs. The 3% and 2% cash back
categories are capped at a combined $2,500 in purchases each quarter. Capping how much cash back you earn isn’t great, but the 3% and 2% category spending cap resets every quarter as opposed to every year like with many other cash back cards. The flexibility of choosing where you earn 3% cash back each month is a big plus. For example, during the summer months, you set your category as travel
but during the winter, you set it as entertainment. You’re not ever locked into a single category. Here’s what you can select as your 3% cash back category: Again, you’ll be limited to cash back on the first $2,500 purchases each quarter. That’s for both the 2% and 3% cash back category. So plan your purchases accordingly! When you pay for an eligible item with the
Bank of America Cash Rewards card, it’s possible to extend the manufacturer’s warranty by an additional 12 months. This is a fantastic benefit if you’re a fan of retail therapy like myself. There are several excluded purchases. Unfortunately, Bank of America only provides the full terms and conditions of any benefits associated with a credit card once you receive your card in the mail. So be sure to
read through the terms and conditions before assuming you’re covered. BankAmeriDeals is linked to your Cash Rewards card and allows you to earn up to 15% cash back. The way BankAmeriDeals works is simple. It’s a separate program offered by Bank of America that works with most Bank of America credit cards. When you enroll in BankAmeriDeals, you’ll be able to see a list of ongoing promotions offered at certain retailers, restaurants, gas stations, etc. Simply add
deals that appeal to your shopping habits and use your card. As noted, you might even be able to earn up to 15% cash back with certain partners. Travel coverageWhen you pay for travel with your Bank of America Cash Rewards Card, you’re covered if the unthinkable happens. To qualify for these benefits, you’ll need to pay for the full amount of your common carrier fare (planes, trains, cruises, ferries) with your Cash Rewards card. These benefits are only supplementary, so if the common carrier or other primary insurance reimburses you for anything, this benefit will only kick in for the things they don’t cover.  Travel accident insuranceYou may be eligible for travel accident coverage through the Bank of America Cash Rewards Card. However, this is not one of those benefits that you’ll ever want to use. Like most travel insurance policies, the Cash Rewards card covers things like dismemberment or death. When primary insurance or a common carrier does not cover damages, the coverage offered by the Cash Rewards card will kick in for eligible damages. As always, be sure to read through the full terms and conditions upon receiving your card to determine what is and isn’t covered with the Cash Rewards card. Car rental insuranceCruising down the Pacific Coast Highway in Southern California is fun until you’re rear-ended by a distracted driver. Don’t stress out over a damaged rental car. The Bank of America Cash Rewards Card offers rental car coverage. The coverage offered by the Cash Rewards Card is considered secondary or supplementary. This benefit will only kick in when your primary insurance won’t cover damages or loss. You can also check out our guide to credit cards that offer rental car insurance for more information about coverage and other cards that offer it. Bottom lineThe Bank of America Cash Rewards card offers benefits without a hefty annual fee. These perks, and the ability to earn a lot of cash back, make it a card you’ll want to keep long-term. Two of my favorite benefits are directly tied to earning cash back. The first is the ability to chose your 3% cash back category every month. The second benefit is BankAmeriDeals which even allows you to earn up to 15% cash back at certain merchants. You can apply for the Bank of America Cash Rewards credit card here. For the latest tips and tricks on traveling big without spending a fortune, please subscribe to the Million Mile Secrets daily email newsletter. Chase Sapphire Preferred® Card
Intro APR on purchases N/A Regular APR 18.24% – 25.24% Variable Balance Transfer Fee Either $5 or 5% of the amount of each transfer, whichever is greater. Rates & Fees Annual Fee $95 Other Credit Needed Excellent / Good Issuer Chase Card Type Visa Editorial Note: We're the Million Mile Secrets team. And we're proud of our content, opinions and analysis, and of our reader's comments. These haven’t been reviewed, approved or endorsed by any of the airlines, hotels, or credit card issuers which we often write about. And that’s just how we like it! :) Does Bank of America cash rewards card offer extended warranty?Yes, the Bank of America Customized Cash Rewards credit card does offer extended warranty protection. The Bank of America Customized Cash Rewards credit card extended warranty policy will lengthen the original manufacturer's warranty by up to 1 extra year for warranties of 3 years or less.
Does bofa have purchase protection?What is purchase protection on Bank of America cards? Purchase protection is a credit card perk that can provide you with reimbursement or the repair of an item that is damaged or stolen within a specific period after you buy it. You have to pay for the item with a credit card that offers this coverage for it to apply.
Does Apple card offer extended warranty?Limited benefits: Apple Card doesn't include purchase protection, extended warranty coverage or other benefits that are common among rewards cards.
What is Bank of America customized cash rewards?Bank of America® Customized Cash Rewards Secured credit card. 3% cash back in the category of your choice, 2% cash back at grocery stores and wholesale clubs (on the first $2,500 in combined choice category/grocery store/wholesale club purchases each quarter) and 1% cash back on all other purchases.
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Bank of america customized cash rewards extended warranty
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