Chase Freedom® vs. Bank of America® Cash Rewards credit card

Two no-annual-fee credit cards with accelerated cash back on select categories.

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Both the Chase Freedom® and the Bank of America® Cash Rewards credit card are solid cashback options. The main difference between the two is with the Chase Freedom®, you earn a higher cashback rate on select categories each quarter but you don’t know what the categories are until the quarter starts. With the Bank of America® Cash Rewards credit card, you get to choose which category earns accelerated cash back.

Chase Freedom®

Chase Freedom®

Bank of America® Cash Rewards credit card

Bank of America® Cash Rewards credit card

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Best for
Best for
  • Long intro APR period and cash back in rotating categories
  • Best for flexibility of cashback categories
Welcome offer
Welcome offer

$150 cash back after spending $500 in the first 3 months

$200 after spending $1,000 in the first 90 days

Rewards
Rewards

5% back in rotating categories up to $1,500 combined each activated quarter, then 1% after that and on all other purchases

3% cash back on a chosen category and 2% at grocery stores and wholesale clubs for the first $2,500 each quarter combined, then 1% after that and on everything else

Purchase APR (annual percentage rate)
Purchase APR (annual percentage rate)

0% intro APR for 15 months, and then 16.74% to 25.49% variable

0% intro APR for 12 statement closing dates, and then 16.24% to 25.74% variable

Annual fee
Annual fee $0 $0
Balance transfers
Balance transfers

APR: 0% intro APR for 15 months, then 16.74% to 25.49% variable

Fee: $5 or 5% of the transaction, whichever is greater

APR: 0% intro APR for 15 statement closing dates, then 15.74% to 25.74% variable

Fee: $10 or 3% of the transaction, whichever is greater

Cash advance
Cash advance

APR: 26.74% variable

Fee: $10 or 5% of the transaction, whichever is greater

APR: 18.74% to 26.74% variable

Fee: $10 or 5% of the transaction, whichever is greater

Foreign transaction fee
Foreign transaction fee 3% of each transaction 3% of each transaction
Late payment fee
Late payment fee Up to $39 Up to $39
Additional cardholder fee
Additional cardholder fee $0 $0
Interest-free period
Interest-free period 21 days 25 days
Minimum interest
Minimum interest $0 $1.50
Minimum credit score
Minimum credit score 670 720
Card type
Card type Credit Credit
Rates and Fees
Rates and Fees Rates & Fees Rates & Fees
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Which card should you choose?

Chase Freedom®

Chase Freedom®

  • Easy-to-earn cash signup bonus
  • Accelerated cash back in quarterly rotating categories and flat cash back on all other purchases
  • Intro APR on purchases and balance transfers

Bank of America® Cash Rewards credit card

Bank of America® Cash Rewards credit card

  • $0 annual fee
  • Earn up to 3% cash back on purchases
  • Intro APR on purchases and balance transfers for the first 12 statement closing dates

Compare cash back credit cards

Name Product Filter values Rewards Purchase APR Annual fee
1.5% cash back on all purchases
0% intro for the first 15 months (then 15.74%, 21.74% or 25.74% variable)
$0
Earn unlimited 1.5% cash back on every purchase, every day.
3% cash back on dining and entertainment, 2% at grocery stores and 1% on all other purchases
0% intro for the first 15 months (then 15.74%, 21.74% or 25.74% variable)
$0
Earn $150 after spending $500 in the first 3 months.
6% on select US streaming services, 3% on transit and US gas stations, 6% at US supermarkets on up to $6,000 annually, then 1% after that and on all other purchases
0% intro for the first 12 months (then 14.74% to 25.74% variable)
$95
Earn $250 bonus cash back after you spend $1,000 on purchases in the first 3 months. Rates & fees
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CardMatch™ from creditcards.com
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5% on up to $2,000 each activated quarter on two categories combined (1% after), 2% on one everyday category and 1% on all other purchases
15.74% to 25.24% variable
$0
When you spend $500 on your card within the first 90 days, you’ll receive a $150 cash back bonus. Rates & Fees

Compare up to 4 providers

Name Product Filter values Rewards Purchase APR Annual fee
1.5% cash back on all purchases
0% intro for the first 15 months (then 15.74%, 21.74% or 25.74% variable)
$0
Earn unlimited 1.5% cash back on every purchase, every day.
7x points on Hilton Honors purchases, 5x at US restaurants, US supermarkets and US gas stations, 3x on all other purchases
17.49% to 26.49% variable
$0
Earn 75,000 Hilton Honors Bonus Points after you spend $1,000 in purchases on the card within your first 3 months of card membership. Rates & fees
1.25x miles on all purchases and 10x miles at hotels.com/venture
0% intro for the first 12 months (then 13.74%, 19.74% or 23.74% variable)
$0
Earn 20,000 bonus miles once you spend $1,000 on purchases within the first 3 months from account opening.
3% cash back on dining and entertainment, 2% at grocery stores and 1% on all other purchases
0% intro for the first 15 months (then 15.74%, 21.74% or 25.74% variable)
$0
Earn $150 after spending $500 in the first 3 months.
1.5% cash back on all purchases
0% intro for the first 15 months (then 16.74% to 25.49% variable)
$0
Earn a $150 signup bonus after spending $500 in the first 3 months from account opening.

Compare up to 4 providers

Compare more Chase credit cards

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