Online-exclusive $100 cash rewards bonus after making at least $500 in purchases in the first 90 days of your account opening.
You will qualify for $100 bonus cash rewards if you use your new credit card account to make any combination of Purchase transactions totaling at least $500 (exclusive of any transaction fees, returns and adjustments) that post to your account within 90 days of the account open date. Limit one (1) bonus cash rewards offer per new account. This one-time promotion is limited to new customers opening an account in response to this offer. Other advertised promotional bonus cash rewards offers can vary from this promotion and may not be substituted. Allow 8-12 weeks from qualifying for the bonus cash rewards to post to your rewards balance. The value of this reward may constitute taxable income to you. You may be issued an Internal Revenue Service Form 1099 (or other appropriate form) that reflects the value of such reward. Please consult your tax advisor, as neither we, nor our affiliates, provide tax advice.
Earn base cash rewards of 1% of all new net purchases (qualifying purchases less credits, returns, and adjustments) charged to the card each billing cycle. You will earn total cash rewards of 2% (consisting of 1% bonus cash rewards and 1% base cash rewards) for net purchases at eligible grocery merchants and 3% (consisting of 2% bonus cash rewards and 1% base cash rewards) for net purchases at eligible gas merchants (the "Bonus Categories"), for the first $1,500 of combined net purchases made during each calendar quarter in the Bonus Categories. Eligible merchants and the associated merchant category codes ("MCC") for the Bonus Categories are the following: (a) Grocery (MCC 5411-Grocery Stores/Supermarkets, 5422-Freezer/Meat Lockers, 5441-Candy/Nut/Confection Stores, 5451-Dairy Product Stores, 5462-Bakeries, and 5499-Misc. Food Stores-- please note that this list does not include codes for “Discount Stores” or “Wholesale Clubs”); and ( Gas (MCC 5541-Service Stations and 5542-Automated Fuel Dispensers). Although we do not determine which MCC a merchant chooses to classify itself, merchants are generally classified based upon their primary line of business. Purchases made at a merchant that does not process transactions under these codes will not qualify and you will not receive the bonus cash rewards. You will earn base cash rewards of 1% for net purchases in excess of $1,500 in each quarter in the Bonus Categories. Balance Transfers, Cash Advances, including purchases of money orders or other cash equivalents, fees, interest charges, fraudulent transactions and certain other charges do not earn cash rewards. Cash rewards shall be issued for a U.S. dollar sum in the form of a statement credit, a check, or an electronic deposit to a Bank of America checking or savings account, or a contribution to a Merrill Lynch Cash Management Account®. Cash rewards redeemed into a checking or savings account with Bank of America, N.A. or a Merrill Lynch Cash Management Account will be 10% greater than the other types of cash rewards ($25 in cash rewards = $27.50 deposit).