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Chase Freedom® vs. Bank of America® Cash Rewards credit card
Two no-annual-fee credit cards with accelerated cash back on select categories.
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.
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Chase Freedom®
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Bank of America® Cash Rewards credit card
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|---|---|
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★★★★★ 4.4 / 5.0 |
Not rated yet |
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$150 cash back after spending $500 in the first 3 months
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$200 after spending $1,000 in the first 90 days |
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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 |
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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 |
| $0 | $0 |
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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 |
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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 |
| 3% of each transaction | 3% of each transaction |
| Up to $39 | Up to $39 |
| $0 | $0 |
| 21 days | 25 days |
| $0 | $1.50 |
| 670 | 720 |
| Credit | Credit |
| Rates & Fees | Rates & Fees |
Which card should you choose?
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