Best Cash Back Bonus Card of 2019

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at Bank of America's secure site
  • No annual fee
  • $150 online cash rewards bonus after you spend at least $500 on purchases in the first 90 days of account opening
  • NEW OFFER: 3% cash back in the category of your choice: gas, online shopping, dining, travel, drug stores, or home improvement / furnishings
  • 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases), and unlimited 1% on all other purchases
  • You can update your choice category for future purchases once each calendar month using the Mobile banking app or Online banking, or do nothing and it stays the same.
  • No expiration on rewards
  • 0% Introductory APR for 12 billing cycles for purchases AND for any balance transfers made in the first 60 days, then, 16.24% - 26.24% Variable APR. 3% fee (min $10) applies to balance transfers
  • If you're a Preferred Rewards client, you can get a 25% - 75% rewards bonus on every purchase
+ more

Greg Go is a credit card expert whose financial advice has been featured on US News & World Report,, and Yahoo! Finance.

The Bank of America® Cash Rewards credit card’s $150 bonus offer and 3% cash back is the best deal I’ve seen in my ten years of reviewing credit cards for Yahoo, US News, and Wise Bread. (See comparison chart)

If you sign up online today you can receive a $150 online cash bonus after spending only $500 in the first 90 days of opening the account — that’s like earning 30% back on the first $500!

The card offers an insane 3% cash back on your choice of six categories:

  • Online Shopping
  • Drug Stores
  • Dining
  • Travel
  • Gas
  • Home Improvement
Online Shopping Drug Stores Dining
Travel Gas Home Improvement

You choose the category you want to get 3% cash back for, and it stays on that category until you change it. Unlike other high cash back cards, there is no monthly activation required, and the categories don’t rotate. You can change the category once per calendar month.

The 3% for online shopping is the best in the industry. It applies to all online retailers. I already have this credit card and I love getting 3% back each time I shop online.

I also like the 3% back for drugstores, which is perfect for families that buy a lot of household goods and medication. Around summer time I’ll be taking advantage of the 3% gas for road trips and travel bookings.

Up to 5.25% Cash Back

Bank of America’s Preferred Rewards clients earn an extra 25%-75% bonus rewards. As a long time Bank of America and Merrill Lynch customer, I’m excited about getting up to 5.25% cash back on an online purchase, and at least 1.75% on other purchases.

Who Should Get This Card

Bank of America Cash Rewards is a great fit for most people — who doesn’t love an easy $150 bonus, 0% interest for a year, and no annual fee?

The high 3% cash back on online shopping, drug stores, dining, travel, furniture, or gas is unheard of for a no annual fee credit card. Bank of America Cash Rewards pretty much blows its leading competitors out of the water (see comparison chart).

This is why I’ve personally been using this card for years and recommend it to all my friends. This combination of features is too good to pass up.

» Click here to learn more about the easy $150 bonus offer and getting 3% cash back on online shopping.