Bank of America is launching “BankAmericard” Cash Rewards and Cash Rewards for Business MasterCard credit cards that reward customers with up to 3% cash back on certain purchases. The “BankAmericard” Cash Rewards card includes a 10% bonus when customers deposit their cash rewards into their Bank of America checking or savings account. Both cards have no expiration on rewards. The new “BankAmericard” Cash Rewards credit card includes 1% cash back on all purchases; 2% back on grocery store purchases; and 3% on gas station purchases. Meanwhile, customers earn 2-3% cash back on gas and grocery purchases up to the first $1,500 per quarter. For Business MasterCard credit card offers 1% on all purchases; 3% on all restaurant purchases; and 3% on office supply store, gas station and computer network service purchases.