| Category | Rate | Type | Cap |
|---|---|---|---|
|
Choice Category (First Year Promotional Rate)
Earn 6% cash back in one eligible Choice Category (Gas & EV Charging Stations, Online Shopping/Cable/Internet/Phone Plans/Streaming, Dining, Travel, Drug Stores/Pharmacies, or Home Improvement/Furnishings) for the first 365 days from account opening, subject to a $2,500 combined quarterly spending cap across the 3% and 2% bonus categories; reverts to 3% after the first year. Category can be changed up to once per month.
|
6x | Cash Back | $10,000/yr |
|
Choice Category (Ongoing Rate After Year 1)
Earn 3% cash back in one eligible Choice Category after the first-year promotional period ends; category can be changed up to once per month; subject to a $2,500 combined quarterly spending cap across the 3% and 2% bonus categories.
|
3x | Cash Back | $10,000/yr |
|
Grocery Stores and Wholesale Clubs
Earn 2% cash back at grocery stores and wholesale clubs, subject to the $2,500 combined quarterly spending cap across the 3% and 2% bonus categories; after the cap is reached, purchases earn 1% until the start of the next calendar quarter.
|
2x | Cash Back | $10,000/yr |
|
All Other Purchases
Earn unlimited 1% cash back on all purchases not covered by the 3%/6% or 2% bonus categories, and on all purchases once the $2,500 quarterly combined spending cap is reached.
|
1x | Cash Back | No cap |
| Benefit | Category | Value / Coverage |
|---|---|---|
|
No Annual Fee
No annual fee charged for primary cardmembers or authorized users, keeping the total cost of card ownership at $0 beyond the refundable security deposit.
|
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) |
|
Refundable Security Deposit
A refundable security deposit of $200 to $5,000 is required to open the account; the deposit amount determines the credit limit; Bank of America periodically reviews overall credit history to determine if the deposit can be returned without closing the account.
|
Financial | Refundable deposit from $200 |
|
Upgrade Path to Unsecured Card
With responsible use, Bank of America may return the security deposit without closing the account or offer an upgrade to an unsecured Bank of America credit card, based on periodic credit history reviews.
|
Financial | Full deposit refund upon qualification |
|
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.
|
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.
|
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 and reduce paper consumption.
|
Other | Complimentary |
|
1% Cash Back on All Other Purchases
Earn unlimited 1% cash back on all other purchases not covered by the 3%/6% or 2% bonus categories, and on all purchases after the $2,500 quarterly combined spending cap is reached.
|
Rewards | 1% cash back |
|
2% Cash Back at Grocery Stores and Wholesale Clubs
Earn 2% cash back on purchases at grocery stores and wholesale clubs, subject to the $2,500 combined quarterly spending cap across the 3% and 2% bonus categories.
|
Rewards | 2% cash back |
|
3% Cash Back in Choice Category (Ongoing)
After the first-year promotional rate expires, earn 3% cash back in one eligible Choice Category — Gas & EV Charging Stations, Online Shopping/Cable/Internet/Phone Plans/Streaming, Dining, Travel, Drug Stores/Pharmacies, or Home Improvement/Furnishings. Category can be changed up to once per month.
|
Rewards | 3% cash back |
|
6% Cash Back in Choice Category (First Year)
Earn 6% cash back in one eligible Choice Category of your selection for the first 365 days from account opening, subject to the $2,500 quarterly combined spending cap across the 3% and 2% bonus categories.
|
Rewards | 6% 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, or contribution to an eligible Merrill investment account; 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.
|
Rewards | 25%–75% rewards bonus |
|
$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 |
|
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 |
