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Susan G. Komen® Credit Card Review – Donate to Breast Cancer Research

bank of america susan g komen credit card

Our rating


Susan G. Komen® Credit Card

  • Sign-up Bonus: $100 cash when you spend $500 within 3 billing cycles
  • Rewards: 3% cash back on gas purchases and 2% cash back on grocery store purchases, up to $2,500 in combined quarterly spending; unlimited 1% cash back on all other purchases; 10% bonus when you redeem into a Bank of America or Merrill Lynch account
  • Benefits: Bank of America donates at least $3 million to Susan G. Komen for the Cure through 2020; overdraft protection for Bank of America deposit account holders
  • Intro APR: 0% for 12 months on purchases and balance transfers
  • Fees: 3% foreign transaction fee
  • Annual Fee: $0
  • Credit Needed: Excellent

Bank of America’s Susan G. Komen® Credit Card, also known as the Pink Ribbon Card, is a cash back card that rewards spending in the ever-popular gas and grocery categories. This card’s most distinctive feature is an automatic charitable giving scheme – a very small slice of every transaction benefits Susan G. Komen, a well-regarded breast cancer charity. Aside from this feature, the Susan G. Komen Credit Card is virtually identical to two other Bank of America cash back cards: BankAmericard Cash Rewards MasterCard and MLB BankAmericard Cash Rewards MasterCard. Like those, this card offers some nice benefits for existing Bank of America deposit account holders.

The Susan G. Komen Credit Card competes with a host of other cash back rewards credit cards, including Capital One Quicksilver Cash Rewards Credit Card, Discover it and Discover it Chrome, and American Express Blue Cash Everyday. It’s also comparable to other charity-focused credit cards, such as the American Kennel Club Credit Card and the Credo Credit Card, both of which are backed by Visa.

Key Features

Sign-up Bonus

You get a $100 cash back bonus when you spend at least $500 within 90 days of opening your account.

Earning Cash Back Rewards

The Susan G. Komen Credit Card earns 3% cash back per $1 spent on gas, 2% cash back per $1 spent at the grocery store, and an unlimited 1% cash back on everything else. The 2% and 3% categories have a cumulative quarterly spending cap of $2,500 – you can’t spend more than that in both categories combined each quarter.

Beyond the quarterly limit, purchases in the 2% and 3% categories earn an unlimited 1% cash back. Warehouse clubs such as Costco and discount superstores such as Walmart don’t count as grocery stores for this card’s purposes.

Redeeming Cash Back Rewards

Earned cash back is redeemable for statement credits, paper checks, and deposits into a Bank of America deposit account (savings or checking) or Merrill Lynch Cash Management Account. The redemption threshold for all redemption methods is $25. If you redeem for a direct Bank of America or Merrill Lynch deposit, you automatically receive a 10% bonus at redemption. That turns a $25 redemption into a $27.50 haul.

Susan G. Komen Donations

Bank of America has a multi-year relationship with Susan G. Komen, a well-known breast cancer foundation that has donated more than $1.5 billion to breast cancer research, education, advocacy, healthcare support, and other causes, since the early 1990s.

From June 2015 through December 2020, Bank of America is guaranteeing at least $3 million to Susan G. Komen, partly by contributing 0.08% of every card transaction to the foundation – well under the card’s baseline 1% cash back rate. BoA donates an additional $3 to the foundation for every new card it issues, as well as $3 for every card renewal it processes, provided the account is in good standing and does not have a $0 balance at renewal.

Preferred Rewards Benefit

If you have more than $20,000 on deposit with Bank of America, you qualify for the Preferred Rewards cash back bonus. There are three Preferred Rewards tiers: Gold ($20,000 to $50,000 on deposit with Bank of America, good for a 25% cash back bonus); Platinum ($50,000 to $100,000 on deposit, good for a 50% bonus); and Platinum Honors customers ($100,000-plus on deposit, good for a 75% bonus).

Overdraft Protection for Bank of America Deposit Account Holders

If you have a checking account with Bank of America, you can link it to your BankAmericard Cash Rewards card to protect against overdrafts. Whenever you make a non-sufficient funds transaction in your checking account, Bank of America covers the shortfall by charging a cash advance to your credit card. These advances always come in $100 increments. For instance, if you make a $175 overdraft, your corresponding advance is $200.

Each overdraft advance costs $12 (as opposed to other types of cash advances, which cost the greater of $10 or 3%) and accrues interest at the maximum cash advance APR rate (25.24%).

Introductory APR

This card comes with a 12-billing-cycle 0% introductory APR on purchases and balance transfers. Qualifying balance transfers need to be made within 60 days of account opening.

Important Fees

The Susan G. Komen Card does not have an annual fee, but the foreign transaction fee is 3% of each transaction amount. Balance transfers and cash advances both run the greater of $10 or 3%. Returned payments cost $27, while late payments cost $37.

Credit Required

This card requires good to excellent credit. Some minor dings are fine, but major blemishes are likely to disqualify your application.


  1. Charitable Giving Is Baked Into the Card. The Susan G. Komen Credit Card contributes to a well-known charity every single time you swipe it, dip it, or punch in its number online. While the absolute size of each donation is pretty small – 0.08% of every $100 transaction amounts to just eight cents – the millions of transactions made annually with this card surely add up. Plus, every new card sign-up sends $3 Susan G. Komen’s way – and that’s real money.
  2. No Annual Fee. The Susan G. Komen Credit Card doesn’t come with an annual fee. That’s a nice advantage over more expensive cash back cards, such as American Express EveryDay Preferred and Blue Cash Preferred.
  3. Good Sign-up Bonus. This card’s $100 sign-up bonus is easy to attain – you need to spend just $500 in 90 days to qualify.
  4. Solid Introductory APR Promotion. The Susan G. Komen Credit Card’s 12-billing-cycle 0% purchase and balance transfer APR promotion is great news for people switching from high-interest credit cards or planning to make large purchases soon after opening their accounts. Some popular cash back alternatives, such as Capital One Quicksilver (0% APR for nine months), have more perfunctory promotional periods.
  5. Extra Benefits for Bank of America Accountholders. If you have a Bank of America deposit account in good standing, you’re guaranteed to get at least a 10% bump to your Susan G. Komen card’s cash back earnings. If you’re fortunate enough to have more than $20,000 on deposit with BoA, you stand to earn a lot more. Some popular competitors, such as Discover it and Discover Bank, don’t offer bonuses for deposit accountholders.
  6. No Quarterly Categories or Manual Activation. The Susan G. Komen Credit Card’s spending categories are set in stone. You never have to worry about keeping track of rotating categories or manually activating new categories when they come online. On the other hand, both Chase Freedom and Discover it require you to manually activate their rotating categories. That’s a potential headache for busy cardholders.


  1. Caps on Gas and Grocery Rewards. The Susan G. Komen Credit Card caps its gas and grocery benefits – you only earn the respective 2% and 3% cash back rates on your first $2,500 in combined category spending. If you spend more than $2,500 per quarter in these two categories combined, consider a more generous grocery or gas credit card, such as PenFed Platinum Cash Rewards Credit Card (which pays an unlimited 5% back at the pump) or American Express Blue Cash Preferred (which pays 3% back at gas stations and 6% back at supermarkets).
  2. Charges a Foreign Transaction Fee. This card comes with a 3% foreign transaction fee – a real bummer if you travel internationally with any frequency. Discover it and Capital One Quicksilver both lack foreign transaction fees.
  3. Has a Penalty APR. The Susan G. Komen Card charges penalty interest. That’s a big problem for people who occasionally miss their statement due dates, as Bank of America reserves the right to impose penalty interest indefinitely after missed payments. Chase Freedom and Discover it both eschew penalty interest.
  4. No Credit Score or Credit-Building Tools. The Susan G. Komen Credit Card doesn’t provide you with a free credit score in your monthly statement or online account dashboard. It also doesn’t have any credit-building tools to speak of. All the Discover it-branded cash back cards offer free FICO scores, while Capital One Quicksilver comes with free FICO scores and useful credit-building tools.
  5. Minimum Redemption Threshold. This card requires you to accumulate at least $25 in cash back before you can redeem. If you don’t use the card very often, that can take months. By contrast, the Discover it card family lets you redeem in any amount, at any time.

Final Word

It’s not always easy to find the right charities. To attract donations and grants, charities need to demonstrate that they’re responsible stewards of their donors’ funds, and that their leaders have a clear vision for the future. Poring through multiple charities’ financial statements, or even summary reports produced by third-party watchdogs, can be time-consuming and confusing even for informed laypeople.

Bank of America’s relationship with Susan G. Komen won’t help you conduct due diligence on the other charities you donate to. However, it does make a real difference with one highly regarded nonprofit in particular. It’s nice to know that, with every swipe of your Susan G. Komen® Credit Card, you’re doing your small part for a good cause. If you’re going to spend the money anyway, some of it might as well end up in capable hands.

The Verdict

bank of america susan g komen credit card

Our rating


Susan G. Komen® Credit Card

The Susan G. Komen® Credit Card is a great everyday spending card for people who want to accelerate their cash back earnings at the gas station and grocery store, but don’t spend much in either place. Thanks to Bank of America’s agreement with Susan G. Komen, this card is also great for people who want to feel like they’re making a difference everyday. On the other hand, it’s not ideal for heavy spenders and those who prefer more generous or more varied rewards programs. If you find yourself in that boat, lose the Pink Ribbon Card and donate directly to your favored charities instead.

The benefits of this card include charitable contributions, lack of an annual fee, a nice sign-up bonus, and no quarterly categories. Its drawbacks are tight spending caps in favored categories, penalty interest, a foreign transaction fee, and a lack of credit-building help. Overall, it’s a nice everyday card for modest spenders that benefits a good cause.

Editorial Note: The editorial content on this page is not provided by any bank, credit card issuer, airline, or hotel chain, and has not been reviewed, approved, or otherwise endorsed by any of these entities. Opinions expressed here are the author's alone, not those of the bank, credit card issuer, airline, or hotel chain, and have not been reviewed, approved, or otherwise endorsed by any of these entities.

Brian Martucci writes about credit cards, banking, insurance, travel, and more. When he's not investigating time- and money-saving strategies for Money Crashers readers, you can find him exploring his favorite trails or sampling a new cuisine. Reach him on Twitter @Brian_Martucci.