Posts Tagged Bank Of America Accelerated Cash Rewards

If you have a cash-back card but can’t squeeze the most value out of it because most of your purchases are either in non-major categories or you can’t meet the cutoffs, Bank of America’s, American Express-branded Accelerated Cash Rewards Card just might prove a good alternative.  There aren’t much perks to it, just standard cash returns on a regular schedule, but that might be all you’re looking for.

Instead of having to shop in set categories to maximize your cash back, this card gives you a flat rate for all purchases.  There is no minimum spending to reach a certain quota nor are there are no caps to how much rebates you can earn.  In fact, it’s a great card for those who don’t want to be hop through obstacles in order to maximize their credit card’s value.  Every time you use it, you get the most that you can from it.

Rebates are given out at a flat 1.25% across all categories.  There are no limits to how little or how much you can earn.  You can get your cash back in the form of a check, direct into your credit card statement or deposited into your Bank Of America account.  APR is average for these types of cards, offering between 8.99% to 18.99%.  There’s no annual fee as well.

If there are certain consumer categories that take the bulk of your spending and you find cards that offer better rates than 1.25% for them (without all the hoop-chasing), they will probably be better options.  If you think specialty cash back cards like those doesn’t benefit you as much, the Bank Of America Accelerated Cash Rewards Amex Card will probably suit you better.