Bank of the West Cash Back is a fine credit card. It is a MasterCard that has no annual fee. If you already have Bank of the West checking account you may want to take a closer look at this credit card. Unlike secured credit card it doesn’t have annual fee.
The credit card offers 0% intro APR for 18 months. The promo interest is on purchases and balance transfers. Intro APR can be a valuable benefit if you have plan a large purchase and don’t want to spend all your savings on it card can help you. On the other hand, if you plan a balance transfer the fee is $10 or 4% of the amount. In my opinion it is very expensive. After the first 18 months APR goes up to 28%. At this moment your large purchase should be paid off.
Keep in mind, that intro APR of the Bank of the West Cash Back card doesn’t mean you can avoid payments at all. Intro APR means you can make only minimum payments and if you are late with minimum payments even once – your intro APR terminated. That is not a good surprize.
Cash back
Bank of the West credit card gives you 3% cashback on dining, gas, and grocery purchases. On everything else you get 1%.
| Category | Cash back |
|---|---|
| Dining | 3% |
| Gas | 3% |
| Grocery | 3% |
| Everything else | 1% |
You can redeem your cash back Rewards in increments of $25. It can go for a statement credit or direct deposit to any checking or savings account. There are no other options like gift cards or miles.
Welcome reward of Bank of the West credit card is a nice bonus. To receive is you have to spend $1,000 within the first 3 months you can receive a $150 welcome reward.
To be approved for this credit card you have to have a credit score above 720 points. However credit score is not the main factor. If you have high credit utilization or too many new credit cards in the recent month Bank of the West can decline your application
Credit limit can range $1,500 and up to $20,000. But it depends on your credit worthiness. Those who earn a lot and have high disposable income are going to get high credit limit.
Overall Bank of the West cash back credit card is a good option if you already have checking account at the bank. It can make your financial life easier.