Is the U.S. Pride credit card worth it? | October 2018 | finder.com

U.S. Pride® BankAmericard Cash Rewards™ Visa® Card review – October 2018

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A cashback credit card with accelerated earnings at gas stations, grocery stores and wholesale clubs.

30-seconds take

  • Get this card if you mostly spend on gas and groceries.
  • Pick something else if you want higher cash back on these or other categories.
  • Apply with a good to excellent credit score of 680 or higher.
Product NameU.S. Pride® BankAmericard Cash Rewards™ Visa® Card
Card TypeVisa
APR (Annual Percentage Rate) for Purchases15.24% to 25.24% variable
Introductory Purchase APR0% for the first first 12 statement closing dates (then 15.24% to 25.24% variable)
Introductory Balance Transfer APR for the first 12 statement closing dates (then 15.24% to 25.24% variable)
Balance Transfer Fee$10 or 3% of the transaction, whichever is greater
Cash Advance Rate18.24% to 27.24% variable
Foreign Transaction Fee3% of the transaction value
Cash Advance Fee$10 or 5% of the cash advance amount, whichever is greater
Interest Free PeriodUp to 25 days
Late Payment FeeUp to $38
Returned Payment FeeUp to $27
Additional Cardholder Fee$0
Rates & FeesRates & Fees
Minimum Age18 years of age
Welcome OfferEarn 200 cash back after spending $500 in the first 90 days
Reward Value per Dollar1% cash back
Rewards Points ExpiryNever

The Basics

This is a simple credit card that lets you earn high cash back on gas, groceries and at wholesale clubs without paying an annual fee. With a Preferred Rewards membership, you can earn up to 75% more cash back, and if you redeem your rewards into your Bank of America checking or savings account, you’ll earn 10% on top of the regular cashback rate.

In addition, if you plan on making a large purchase or if you’re stuck paying high APR on another card, use the long intro APR period on purchases and balance transfers and save money on interest payments.

The Perks

  • Cash back.

    Get 3% back on gas and 2% back at grocery stores and wholesale clubs up to $2,500 in combined purchases per quarter. After reaching the cap, you earn 1% back on these categories, which is also the rate you earn on all other purchases.

  • 10% redemption bonus.

    Redeem your cash back into an eligible Bank of America, Merrill Edge or Merrill Lynch Wealth Management account to get a 10% bonus on your reward. For instance, redeem $150 as cash back rewards into an eligible account and see a bumped-up $165 deposited.

  • Signup bonus.

    Get a $200 online cash rewards bonus after you spend $500 in the first 90 days as a cardholder. Compared to similar cards, where you usually get between $100 and $150, this is a generous signup bonus.

  • No annual fee.

    Enjoy all the benefits this card offers without paying an annual fee.

How much cash back rewards can I earn with the U.S. Pride® BankAmericard Cash Rewards™ Visa®?

Where you spend:The amount you spend:Cash back earned:
Gas stations$2,000$60
Grocery stores$3,000$60
Wholesale clubs$1,500$30
Everything else$7,000$70
Total$13,500$220

Suppose your annual spending is similar to our example, you would earn $220 per year. If you clear the signup bonus, your total rewards for the first year would be $420. And if you constantly redeem your rewards to your Bank of America checking or savings account, you would earn $242.

As a Preferred Rewards client, your $220 cash back can turn between $275 and $385.

You’ll also like …

  • Intro APR period.

    Pay no interest on purchases and balance transfers for your first 12 months from your account opening. After that, your APR will be 15.24% to 25.24% variable.

  • Digital wallet.

    Add your card to your Apple Pay, Samsung Pay or Google Pay and simplify your payment process.

  • Security and protection.

    This chip-enabled card comes with a $0 liability guarantee that protects you against fraudulent transactions.

  • Tiered rewards.

    As a Bank of America Preferred Rewards customer, you can increase your cashback reward to 25% and even 75%, depending on your tier. You’ll also get free ATM transactions, money market savings, priority service and no fees on select banking products.

What to watch out for

  • Foreign transaction fee.

    Everytime you use this card outside the US, you’ll pay a 3% fee of the amount of each transaction.

  • Quarterly cap on cash back rewards.

    Your cashback rate on gas, groceries and at wholesale clubs is capped to $2,500 in combined spending per quarter. If you spend more than $2,500 per quarter combined, you’ll earn 1%.

  • Balance transfer limitations.

    To use the intro APR period on balance transfers, you must complete your transfers within 60 days of account opening.

  • Penalty APR.

    If you make a single late payment, you’ll pay a fee of up to $38 and you’ll incur a penalty APR of up to 29.99% variable, which can apply to your account indefinitely.

Visa Signature® or Platinum Plus® card?

If your approved credit line is lower than $5,000 — you’ll get a Platinum Plus® card.

If you get a credit line equal or higher than $5,000 — you’ll get a Visa Signature® card.

The difference between the two accounts are the card benefits, such as coverage amounts or some benefits that may not be available to Platinum Plus® accounts.

Consider other cards if …

  • You want a similar card from another bank.

    The Blue Cash Everyday® Card from American Express can be a decent alternative if you mostly spend on groceries than gas. That way, you’ll earn 3% back on groceries up to $6,000 per year (after that 1% back), 2% back on gas and for purchases at select department stores and on everything else you buy, you’ll get 1% back.

  • You want to earn more cash back on groceries.

    Consider the Blue Cash Preferred® Card from American Express where you’ll get an incredibly high 6% back on groceries up to $6,000 annually — after reaching the cap it’s 1% cash back — 3% back at gas stations and select department stores and 1% back on everything else you buy. The only downside — it costs $95 annually.

  • You want to donate to a charity.

    With the World Wildlife Fund Credit Card from Bank of America, you’ll earn the same cashback rates and you’ll get the same benefits as with the U.S. Pride card, except every card anniversary, the World Wildlife Fund will receive $3 plus 0.08% of all of your purchases made with the card.

    A similar card is the Susan G. Komen® Cash Rewards Visa from Bank of America where the $3 for every card anniversary and the 0.08% of all of your purchases help fight breast cancer.

  • You want to earn uncapped cash back.

    You’ll get the highest 2% cashback rate on everything you buy with the Citi® Double Cash Card or the PayPal Cashback Mastercard.

Compare cash back credit cards

Updated October 16th, 2018
Name Product Credit Score Min. Annual Fee Intro Balance Transfer APR Reward Value per Dollar Secured or Unsecured Annual Fee APR for Purchases (Purchase Rate) Intro APR for Balance Transfer
680
0%
1.5
Unsecured
$0
14.99% to 25.99% variable
0% for the first 15 months (then 14.99% to 25.99% variable)
Earn up to $250 back. Earn $150 back after you spend $1,000 or more in purchases with your new Card within the first 3 months of Card Membership. Plus, earn an additional $100 back after you spend an additional $6,500 in purchases within your first 12 months. You will receive the cash back in the form of a statement credit. Rates & Fees
680
0%
1
Unsecured
$0
14.99% to 25.99% variable
0% for the first 15 months (then 14.99% to 25.99% variable)
Earn a $150 bonus statement credit after you spend $1,000 on purchases in the first 3 months. Rates & Fees
680
95
0%
1
Unsecured
$95
14.99% to 25.99% variable
0% for the first 12 months (then 14.99% to 25.99% variable)
Earn $200 bonus cash back after you spend $1,000 on purchases in the first 3 months. Rates & Fees
680
0%
1.5
Unsecured
$0
14.74%, 18.74% or 24.74% variable
0% for the first 15 months (then 14.74%, 18.74% or 24.74% variable)
Earn unlimited 1.5% cash rewards on purchases. See Rates and Fees.
680
99
1
Unsecured
$0 to $99
19.74% to 25.74% variable
Get 1% cash back rewards on eligible purchase, terms apply.
720
0%
1
Unsecured
$0
15.24% to 25.24% variable
0% for the first 18 months (then 15.24% to 25.24% variable)
Earn 1% cash back for payments on purchases, on top of the 1% cash back on purchases. No annual fee.
720
0%
1
Unsecured
$0
14.99% to 24.99% variable
0% for the first 12 statement closing dates (then 14.99% to 24.99% variable)
Earn more cash back for the things you buy most.
680
1
Unsecured
16.99%, 22.74% or 25.74% variable
Get 4 points back on dining, 3 on travel, 2 on Uber rides and online shopping and 1 on other purchases, and redeem points for Uber credits, gift cards or cash back.

Compare up to 4 providers

What should I know before I apply?

Apply for the card if you’re a US citizen and at least 18 years old.

When filling out the application form, you’ll need to provide:

  • Your full name and residential address.
  • Phone number and email address.
  • Employment status and annual income.
  • Monthly housing payments and liquid assets.

What credit score do I need?

Your application stands a better chance of approval if your credit score is 680 or higher.

What do customers say about the U.S. Pride® BankAmericard Cash Rewards™ Visa®?

Customers are happy with the cashback rates and they especially love the added 10% bonus when redeemed into a Bank of America savings or checking account.

The Better Business Bureau rates Bank of America with an A+ and they have accredited the bank since 1949.

How to apply for the U.S. Pride® BankAmericard Cash Rewards™ Visa®?

  1. Find the U.S. Pride® BankAmericard Cash Rewards™ Visa® Card card on the Bank of America website. Click Apply Now.
  2. Provide the necessary personal and financial information.
  3. Confirm that your information is correct and submit your application.

How long will it take to get my U.S. Pride® BankAmericard Cash Rewards™ Visa®?

Bank of America can make a decision on your application within a minute. If additional information is required it could take up to a few weeks.

Once approved, expect your card to arrive within 7 to 10 business days.

How do I redeem rewards from U.S. Pride® BankAmericard Cash Rewards™ Visa®?

When you reach $25 or more, log in to your online account and redeem your cash rewards for a:

  • Statement credit.
  • Check.
  • Deposit into a Bank of America checking or savings account.
  • Deposit into an eligible cash management account with Merrill Lynch Wealth Management or Merrill Edge.

How do I get bonus cash back?

Redeem your cash back into a Bank of America checking or savings account or an eligible cash management account and get 10% bonus at the time of redemption. This makes $100 into $110.

Also, you can get between 25% and 75% more cash back by being a Preferred Rewards client. To enroll in this program, you need to have:

  • Bank of America personal checking account.
  • A three-month average combined balances of $20,000 or more in your Bank of America accounts and/or Merrill Edge and Merrill Lynch investment accounts.

I got the card. Now what?

  • Download Bank of America Mobile Banking app. Use the app to make payments or to send money with Zelle®. You can also find special deals or contact support through the app and more.
  • Enroll in the optional Preferred Rewards program. If you want to earn more cash back with the card, consider enrolling in the program by opening a personal checking account with Bank of America and having an average balance of $20,000 in a Bank of America banking account and/or Merrill Edge and Merrill Lynch investment accounts.
  • Enroll in Apple Pay, Samsung Pay or Google Pay. And use your phone to make credit card payments.
  • Avoid interest and fees. Make sure you pay your balance on time to avoid late payment fees and a penalty APR of up to 29.99% variable.
  • Customer service. If you need any account-related information, call 1-800-732-9194 or reach Bank of America customer support through your mobile app.

Bottom line

This can be a solid card for you if you spend up to $900 every month on gas, groceries and at wholesale clubs. Furthermore, you’ll get a long intro APR period on purchases and balance transfers and you’ll get a generous, easy-to-earn signup bonus. And if you’re a Preferred Rewards member, you’ll earn even more cash back.

If you think that this is not a card for you, check out other cashback cards and compare your options until you find the right card.

Frequently asked questions

Adrienne Fuller

Adrienne Fuller leads the publishing team at finder.com. She has one goal: to deliver the accurate and transparent information she wishes she had when she made some of life's important financial decisions. When she's not helping folks save money, she's hiking with her two Catahoulas around her home in San Diego.

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