American Express vs Bank of America
Bank of America CASHBACK edges American Express CASHBACK with a 17.49% APR versus 19.49% APR, saving borrowers 2 percentage points on carried balances. Both products carry $0 minimums, $0 monthly fees, and FDIC protection, making the rate difference the primary distinguishing factor.
Option A
American Express
19.49%
APR
- Min
- $0
- Fee
- $0/mo
Best for: Apply and find out your welcome offer. As High As $300 cash back* after you spend $3,000 in purchases on your new Card within the first 6 months of Card Membership. Welcome offers vary and you may not
Open with American Express →Option B
Bank of America
17.49%
APR
- Min
- $0
- Fee
- $0/mo
Best for: $200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening.
Open with Bank of America →How this comparison was built
Rates and fees are pulled from each provider's published rate disclosures and reviewed by our product data pipeline. The verdict above is generated from the verified data — we don't accept payments to influence rankings. Last refreshed 8/23/2026.