Is the BankAmericard Cash Rewards credit card a good idea?

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
8 posts
Green Member
Green Member
Posts: 3
Joined: Sun Aug 26, 2012 5:14 pm
Location: CA

Is the BankAmericard Cash Rewards credit card a good idea?

Postby thxbest » Mon Aug 27, 2012 1:36 pm

Hello, looking for a good card with cash rewards and no annual fee. I want to apply for the BankAmericard Cash Rewards Credit Card with

  • 1% cash back everywhere, every time
  • 2% cash back on groceries
  • 3% cash back on gas.
Is it a good choice? You may provide me some better offers.


Centurion Member
Centurion Member
Posts: 494
Joined: Wed Aug 01, 2012 12:04 am
Location: Hawaii

Postby jlam572 » Wed Aug 29, 2012 2:05 am

Not sure how their rewards program is, but I really dont care for their customer service (aka india). I closed my acct with them 6 years ago and never looked back.
American Express Platinum
Chase Sapphire Preferred
Hawaiian Airlines BOH MC
Capital One Visa Platinum
Citi Diamond Preferred MC

User avatar
Centurion Member
Centurion Member
Posts: 1468
Joined: Tue Jul 31, 2012 12:20 pm
Location: United States

Postby djrez4 » Wed Aug 29, 2012 9:30 am

Amex BCE -
  • 3% on groceries
  • 2% on gas
  • 2% on department stores
  • 1% on everything else

A reversal of the top bonuses, but about equivalent, depending on your spending. A much better card, though. Also, if you do the math, the BCP may be worth the annual $75 fee - $150 bonus after a minimum spend covers your fee for the first 2 years and the bonus structure is enough that you can easily cover the fee and then some every year after that.

Plug your spending in to the calculator to see which one gives you the best benefit. My rough math (and I could be completely wrong - not enough coffee yet) is that if you spend $210 a month on groceries alone, the BCP pays for itself.
[RIGHT][size=100]- Sapphire Preferred - Freedom - Ink - Platinum - Everyday Preferred -[/size]

Centurion Member
Centurion Member
Posts: 1589
Joined: Sun Jun 19, 2011 2:37 pm
Location: Down South

Postby FutureBillionaire » Wed Aug 29, 2012 10:16 am

It is a solid card. I also recommend the amex BCP over this card though. I will say that Bank of America is pretty generous with credit limits. Their cards are probably easier to get that amex credit cards.
Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
Plane tickets: CSP
Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
Clothes: Express, Amex BCP, Discover IT
Amazon: Citi Forward, Cash +
Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
Hotels and other travel: Discover Escape, CSP
Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
Balance transfers: Kroger 123 rewards
Bill Pay: Chase Ink Plus, Citi Forward
Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape

CC Deville
Centurion Member
Centurion Member
Posts: 1069
Joined: Thu Aug 04, 2011 7:07 pm
Location: Phoenix

Postby CC Deville » Wed Aug 29, 2012 3:29 pm

It depends on what the majority of your purchases are. If you primarily buy gas and groceries it is a good card. I am very happy with mine.

You can also get a 10% bonus when you redeem your cash rewards to a BofA checking account.

Chase Freedom is also a great choice for a cash back card.

Centurion Member
Centurion Member
Posts: 1332
Joined: Tue Jul 05, 2011 12:28 pm
Location: New York

Postby DavidNY » Fri Aug 31, 2012 4:48 pm

I like Priceline Visa for 2% off everything and it's on the Visa network.

Green Member
Green Member
Posts: 20
Joined: Sat Aug 25, 2012 11:02 pm
Location: Atlanta, GA

Postby ReadyTuna25209 » Sun Sep 02, 2012 2:04 am

They upgrade me to BoA Cash Rewards. The customer service kept saying 1, 2, 3 rewards card and I was thinking that it's the same thing. I may drop them and go for Amex's BCE or BCP. Just not sure if I should break from BoA since they're so stingy about everything. Maybe I should try to stay on their good side.
AMEX Blue Sky (November 2012)
Citi Diamond Preferred MC (August 2012)
Discover It (August 2012)
Orchard Bank MC (June 2011)
Bank Americard Cash Rewards (September 2010)

Current scores: 715 TU / 724 EQ / 724 EX

Centurion Member
Centurion Member
Posts: 1332
Joined: Tue Jul 05, 2011 12:28 pm
Location: New York

Postby DavidNY » Sun Sep 02, 2012 6:02 pm

Yes, 1-2-3 is the same product. I don't find FIA Card Services (the BofA subsidiary that issues the cards) to be stingy, they offer a competitive 2% cash back card (Fidelity Amex).

Return to “Visa & MasterCard”

Who is online

Users browsing this forum: No registered users and 2 guests