The Susan G. Komen Cash Rewards Visa credit card from Bank of America has an introductory cash bonus offer of: $200. While this is not the best bonus around, it’s still a great card to have that doesn’t have an annual fee attached.

This credit card was made for clients that want to gain rewards while helping out breast cancer research and awareness. This organization has gotten over $9.5 million from Bank of America ever since their partnership was made in 2009.

The Susan G. Komen card will offer you 2% cash back at grocery stores and wholesale clubs. You can even receive 3% cash back in your category option of:

• Gas
• Online shopping
• Dining
• Travel
• Drug stores
• Home improvement/furnishings

Susan G. Komen Card Summary

Susan G. Komen Credit Card $200 Bonus Cash

The Susan G. Komen Cash Rewards Visa credit card’s welcome offer of: $200 bonus cash put onto your rewards balance. You must charge your card with a minimum of $1,000 in the first 90 days of having your account open to be able to qualify.

Earning Susan G. Komen Cash Rewards

Having the Susan G. Komen Cash Rewards Visa card is a great match for you if you don’t spend too much money. While their offers are great their rewards structure is a little difficult to understand.

The largest rewards rate for 3% cash back will be in the category of your choosing. You will be able to pick from one of the 6 different choices:

• Gas
• Online shopping
• Dining
• Travel
• Drugstores
• Home improvement and furnishings

If you do not pick a category in the determined time, it will be defaulted to 3% gas. With the 2% option, it will include expenses made at grocery stores and wholesale clubs. This way you will be able to gain unlimited 1% cash back for other expenses that you’ve made.

Using the 2% and 3% rates are capped to apply only to the first $2,500 made altogether in spending each quarter. Other than that, the rewards rate will go back to 1% for each expense.

However, if your spending changes, you are able to update your category to fit your expenses once a month with the mobile banking app or website.

Bank of America Preferred Rewards Members Bonus

Sign up for Bank of America Preferred Rewards and benefit from a 25% – 75% rewards increase for each expense.

To be eligible for the BoA Preferred Rewards program you have to:

• Have an active BoA personal checking account or an Advantage Banking account
• Maintain a 3-month average combined balance in your BoA accounts and/or your Merrill Edge and Merrill Lynch investment accounts.

Customers who already signed up for the Preferred Rewards will get a 25% bonus for the Gold, 50% for the Platinum, and 75% for the Platinum Honors tiers.

Redeeming Susan G. Komen Cash Rewards

You can redeem your cash rewards for the follinwg:

• Statement credits
• Deposits made directly into a BoA checking or savings account
• Credits to eligible Merrill Lynch or Merrill Edge accounts

You can set up immediate redemptions towards a qualifying Bank of America, Merrill Lynch, or Merrill Edge account with a starting minimum of $25.

Susan G. Komen Foundation Support

If your Susan G. Komen Cash Rewards Visa account stays active for a minimum of 90 days, and if you use it to make at least one transaction, Bank of America will donate $3 to this foundation. You will also receive 0.08% of all store expenses that have been put onto your card.

Bank of America promises to give $3 million to the Susan G. Komen Foundation Support from their credit and checking program from June 2015 to December 2020.

Author’s Verdict

The best part of this account is that there are no annual fees for this cards on top of a $200 welcome bonus. Nor are there many cash back credit cards that let you choose your own 3% bonus category every month.

Those that qualify for the Preferred Rewards program can boost their rewards rate from the standard 3% all the way to 5.25% by keeping large balances with Bank of America or Merrill Lynch.

Provide feedback in the comment section below by telling us your thoughts and experience with this card. Make sure to visit BankDealGuy for more credit card bonuses.