Bank of America Premium Rewards card, 2.62% cash back?

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charles

• June 06, 2022 00:33

It seems like this card offers 2.62% cash back on anything so long as you have 100,000 or more invested with bank of America. This seems pretty good, am I misunderstanding the benefits? Is there a better card that offers a better % return on any purchase?

https://www.nerdwallet.com/reviews/credit-cards/bank-of-america-premium-rewards

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• Official comment

  

  Victor D

  • June 06, 2022 15:38

  Hey Charles!

  Good work finding that rewards card! I suggest contacting Bank of America for more details. 

  Rewards cards often have several different factors involved such as the annual percentage rate, how much cash back you receive, how the rewards points work (if there are any), the types of purchases that are eligible, and the amount of the annual fee if there is one. You should be able to find the best rewards cards here:

  NerdWallet.com Best Cards - 2022's Best Rewards Cards

   

  Best Regards,

  Victor

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