No, it's not quite as good as the $200 Cash Signup Bonus seen in the past, but it's better than the public $100 offer shown everywhere right now. A good card (3% back on gas, 2% back on groceries and warehouse clubs, 1% on everything else) that becomes a great card for gas and groceries if you qualify for BoA Preferred Rewards (25%, 50%, or 75% additional cash back based on your Preferred Rewards level).
$150 cash rewards bonus for $500 spent in the first 90 days. Gas and groceries bonuses limited to first $2500 in purchases per quarter ($10,000 per year).
YMMV since you may need to go to the page multiple times or use a private browsing session (chrome incognito window) to see this offer. Note that the below link sends you to BoA to complete the application.