From my experience with their consumer products, Bank of America is an unusual credit issuer. They have many fantastic credit cards without putting much effort in promoting them. The BankAmericard Cash Rewards and Travel Rewards are two examples. Recently, Bank of America rolled out another card in the BankAmericard series: BankAmericard Better Balance Rewards. I’ve never quite seen another card like that : instead of rewarding you for spending, it rewards you for paying balances. Let’s take a look at this hidden gem.
(Edited on 4/11/2013 to clarify the rewards requirements: paying off the statement balance will also qualify you for the rewards.)