5. Bank of America Debit Card
Monthly Maintenance Fee
$4.95 to $25
Minimum Deposit Requirement
$25 to $100
Rewards
Varies by retailer
A Bank of America debit card makes it easy for you to customize and earn cash-back rewards on your everyday purchases.
They offer three types of checking accounts: SafeBalance Banking, Advantage Plus Banking, and Relationship Banking. Each account may have a monthly fee, but you can avoid it by meeting specific age or balance requirements.
With a Bank of America debit card, you can earn cash-back rewards using the BankAmeriDeals program. This program gives you rewards and discounts at different stores and restaurants. It’s free to use, and there’s no limit to how much you can earn. The deals get updated regularly.
To earn rewards, just activate the deals you like through the mobile app or online. When you buy something at a participating store, the cash-back rewards automatically go into your account.
Pros
- Enjoy a rewards program with numerous partners.
- There is no limit on the amount of cash back you can earn.
- Access a large ATM network for your convenience.
Cons
- Be aware of potential monthly maintenance fees.
- You must activate offers before making a purchase to earn cash back.
- The cash-back amount varies depending on the retailer.
- Enroll in the rewards program to participate.
