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$75 from Bank of America Cash Rewards Visa

April 5, 2010

Bank of America has a new promotion going with their Cash Rewards Visa. When you open a new Cash Rewards Visa at BankofAmerica.com you can get up to $75 in bounus applied to your account.

You will receive a $50 statement credit when you make purchases totaling $50 within the first 60 days of account opening. There is also a $25 statement credit when you enroll your new account in Online Banking within 60 days of the account opening date. The statement credits should appear within 8-12 weeks after you complete the qualifying events.

The Bank of America Cash Rewards Visa is a cash back credit card. You will receive 1% cash back on all purchases using the card. There is a promo offer where you can earn 3% cash back on gas, grocery and drugstore purchases for the first 6 months.

What is unique about this card is that you get a 25% bonus for all cash reward redemptions of $300 or more. So if you wait to redeem your cash back until you have more than $300 available you will get an additional 25% back.

This card also comes with an introductory 0% APR for your first 7 or 10 billing cycles for purchases. The number of billing cycles depends on your credit score when applying. This card has no annual or inactivity fees.

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