New Card Offers Cash Back for Paying on Time

Bank of America this week introduced a new credit card aimed at rewarding customers who paid on time and who paid more than the minimum amount due each month. The BankAmericard Better Balance Rewards card offers holders $25 in cash rewards per quarter, provided they don’t have any late payments and pay more than the minimum required payment. Cardholders who have another account at the bank, like a savings or checking account, receive an additional $5 per quarter, for up to $120 per year.