| Category | Rate | Type | Cap |
|---|---|---|---|
|
All Purchases (First Year Promotional Rate)
Earn unlimited 2% cash back on all purchases for the first 365 days from account opening; applies to every purchase with no category restrictions, no caps, and no minimum; automatically reverts to 1.5% after the first year.
|
2x | Cash Back | No cap |
|
All Purchases (Ongoing Rate After Year 1)
Earn unlimited 1.5% cash back on all purchases after the first-year promotional period ends; applies to every purchase with no category restrictions and no earning caps.
|
1.5x | Cash Back | No cap |
| Benefit | Category | Value / Coverage |
|---|---|---|
|
0% Intro APR on Balance Transfers
0% introductory APR on balance transfers made within the first 60 days of account opening for 15 billing cycles; balance transfer fee applies; the variable ongoing APR applies after the introductory period ends.
|
Financial | 0% for 15 billing cycles |
|
0% Intro APR on Purchases
0% introductory APR on purchases for 15 billing cycles from account opening; the variable ongoing APR applies after the introductory period ends.
|
Financial | 0% for 15 billing cycles |
|
No Annual Fee
No annual fee charged for primary cardmembers or authorized users, keeping the total cost of card ownership at $0.
|
Financial |
$0 annual fee
Up to $0
|
|
Overdraft Protection
Optional overdraft protection service that links the credit card to an eligible Bank of America checking account to help prevent declined purchases, returned checks, or other overdrafts; transfer fees may apply.
|
Financial | Complimentary (transfer fees may apply) |
|
Account Alerts
Customizable email or text alerts to notify cardholders of payment due dates, payment confirmations, balance thresholds, and other account activity.
|
Other | Complimentary |
|
Bank of America Mobile Banking App
Full-featured mobile banking app for viewing balances, making payments, managing rewards, setting alerts, and accessing account features from a mobile device.
|
Other | Complimentary |
|
Credit Bureau Reporting
Bank of America reports account activity to all three major credit bureaus — Equifax, Experian, and TransUnion — monthly, actively supporting credit history building for students.
|
Other | Complimentary |
|
Free FICO® Score Access
Cardholders who opt in can access their FICO® Score updated monthly for free within the Bank of America Mobile Banking app or Online Banking.
|
Other | Complimentary |
|
Paperless Statements
Cardholders can opt for paperless electronic credit card statements to increase account security while reducing paper consumption.
|
Other | Complimentary |
|
1.5% Unlimited Cash Back on All Purchases (Ongoing)
After the first-year promotional rate expires, earn unlimited 1.5% cash back on all purchases with no category restrictions and no earning caps.
|
Rewards | 1.5% cash back |
|
2% Unlimited Cash Back on All Purchases (First Year)
Earn unlimited 2% cash back on all purchases for the first 365 days from account opening, with no category restrictions, no caps, and no minimum purchase requirements.
|
Rewards | 2% cash back (Year 1) |
|
Cash Back Never Expires
Cash back rewards do not expire as long as the account remains open and in good standing.
|
Rewards | No expiration |
|
Flexible Cash Back Redemption
Redeem cash back as a statement credit, direct deposit to a Bank of America checking or savings account, contribution to an eligible Merrill investment or 529 account, or a check; minimum $25 for some redemption methods.
|
Rewards | Multiple redemption options |
|
Preferred Rewards Cash Back Bonus
Bank of America Preferred Rewards members earn an additional 25%–75% bonus on all cash back earned with the card, depending on their qualifying tier (Gold, Platinum, or Platinum Honors).
|
Rewards | 25%–75% rewards bonus |
|
Welcome Bonus
Earn a $200 online cash rewards bonus after making at least $1,000 in purchases within the first 90 days of account opening. Applicable to new accounts opened through the online offer only; existing account conversions do not qualify.
|
Rewards |
$200 cash rewards bonus
Up to $200
|
|
$0 Liability Guarantee for Fraud
Cardholders are not responsible for any unauthorized transactions reported promptly; Bank of America's $0 Liability Guarantee covers fraudulent charges made with the card.
|
Security | $0 liability |
|
Chip Technology
Card is equipped with EMV chip technology for enhanced security and protection when making purchases at chip-enabled terminals.
|
Security | Complimentary |
|
Contactless Payments
Card supports tap-to-pay contactless transactions at merchants with NFC-enabled terminals for faster and more secure checkout.
|
Security | Complimentary |
|
Fraud Monitoring and Alerts
Bank of America monitors the account for suspicious or unusual activity and alerts cardholders via text, email, or phone when potentially fraudulent transactions are detected.
|
Security | Complimentary |
