Bank of america is one of the largest banks in the United States. It offers banking services through nearly 4,300 financial centers and an extensive online platform. Its credit cards and mortgage services are popular choices for consumers and small businesses alike.
Bank of America operates in five major business lines. The consumer banking division is its largest, providing lending, insurance and investment services. The company also provides stockbroker services through Merrill Edge and is a mortgage servicer.
The bank’s banking products include checking and savings accounts, online banking, and mobile app payments. Its credit cards offer cash back rewards, low interest rates and other perks.
A variety of credit cards are available at Bank of America, including travel credit cards, cash back credit cards and business credit cards. Choosing the best credit card for you will depend on your spending habits and goals.
Travel Credit Cards: The most popular travel credit card from Bank of America is the Travel Rewards Card, which earns a flat 1.5 percent cash back on purchases. It also includes other perks like travel insurance and free checked bags.
Alternatives: Another option is the American Express Blue Business Cash(tm) Card, which comes with a slightly longer introductory APR period and a welcome offer of $500 in cash back. The card also has a flexible rewards structure and a higher credit limit.
Business Credit Cards: The Bank of America Business Advantage Card is a great choice for businesses that spend heavily in categories such as travel and office supplies. It also offers a wide range of benefits, including free ATM withdrawals and the ability to pay with debit or credit cards.
The bank also offers a handful of other business credit cards, including cash back, travel and rewards cards. These options are great for businesses that make a lot of travel-related expenses and want to maximize their profits.
Preferred Rewards Program: The bank’s invite-only Preferred Rewards Program takes its credit card offerings from good to great. This program gives you access to exclusive perks and features, such as an increased rewards bonus, discounts on auto loans and home equity loans, and other benefits that can save you money in the long run.
SafeBalance Banking: The Bank of America Advantage SafeBalance Banking account is a basic checking account that requires a $25 minimum deposit and a $4.95 monthly maintenance fee. It doesn’t offer paper checks or overdraft protection, but it has low interest rates and offers a few additional benefits for Preferred Rewards members and select students under 24 years of age.
Getting a Checking Account at Bank of America: The bank’s three Advantage checking accounts come with a complimentary debit card and are available in several versions, each with a different set of perks. Both accounts feature low fees and high interest, making them an attractive option for both new and existing customers.
The bank is also known for its highly rated credit cards, which are available to people of all income levels and ages. These cards are often used by people who are trying to build or rebuild their credit, avoid interest and earn rewards. However, these cards also have a wide range of other benefits, so they’re worth considering for any creditworthy customer.