Bank of America Offers a $50 Credit On Their BankAmericard Cash Rewards Visa Signature Card

This week, Bank of America launched a nice promotion where you can earn a $50 credit after applying for their Visa Cash Rewards Card and making a few qualifying payments.  To qualify for the $50 statement credit offer, your new account must be used to make any combination of purchase, balance transfer or cash advance transactions totaling at least $25 (excluding transaction fees) within 45 days of the account open date. Limit (1) item per new account. Allow 8-12 weeks from qualifying for the statement credit to post to your account.

The full list of features this card offers:

• Receive a $50 Statement Credit after qualifying transaction(s)
  
• Earn 3% cash back on gas, grocery and drugstore purchases for the first 6 months and 1% on all other purchases
• Get a 25% bonus for all cash rewards redemptions of $300 or more
• Get redemptions starting at $25, with the capability to set up automatic redemptions
• Redeem rewards for a check, account credit, direct deposit or pay down your eligible Bank of America^® mortgage
• Free access to the Add It Up™ program
• No annual fee

What is a Cash Bank Card?
This type of card gives the consumer the opportunity to earn cash back on items purchased.  The return usually comes in the form of a rebate on such itemsas gas, groceries and drugs at your local drug store.  Additionally you will see a return on all other expenditures, but usually at a lower percentage i.e. 1% vs. 3-5%.

To learn more about this deal please click here.

About the banks

 

Bank of America

Bank of America is one of the world's largest financial institutions, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other. It operates in 32 states, the District of Columbia and 30 foreign countries.

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