How to Apply for Bank of America Customized Cash Rewards Credit Card
Looking to enhance your purchasing power while enjoying cashback benefits? The Bank of America Customized Cash Rewards Credit Card might be your ideal match. With versatile cashback options, this card allows you to earn rewards tailored to your spending habits, whether at the grocery store or the gas pump.
One of its standout features is the ability to choose your own 3% cashback category, such as online shopping or travel, giving you control over how you maximize your rewards. Additionally, there’s no annual fee, which makes managing your finances even more straightforward.
Applying for this card is a straightforward process, but understanding the benefits and requirements is crucial. Whether you’re a frequent traveler or an everyday shopper, this card offers a personalized rewards experience designed to meet your financial needs. Ready to learn how to apply and start earning cashback? Let’s dive in!
Benefits of the Bank of America Customized Cash Rewards Credit Card
1. Tailored Cash Back Categories
With the Bank of America Customized Cash Rewards Credit Card, you have the power to earn cash back based on your spending habits. This card allows you to choose the 3% cash back category that best fits your lifestyle, whether it’s gas, online shopping, travel, drug stores, or home improvement. Additionally, you’ll earn 2% cash back at grocery stores and wholesale clubs for the first $2,500 in combined choice category, grocery store, and wholesale club purchases each quarter. For all other purchases, you’ll still get 1% cash back.
Tip: To maximize your rewards, plan your spending around the rotating categories and grocery store purchases. Don’t forget to change your chosen category once a month depending on your needs.
2. No Annual Fee
Many credit cards charge an annual fee just for having the card, but the Bank of America Customized Cash Rewards Credit Card comes with no annual fee. This means you can enjoy all its features and benefits without worrying about an added cost each year, saving you money in the long run.
Tip: Take advantage of the lack of an annual fee by keeping the card for a long time without concern. This can positively impact your credit score with consistent use and timely payments.
3. Introductory 0% APR Offer
This card offers an introductory 0% APR on purchases and balance transfers for the first 15 billing cycles, which can help you manage expenses without accumulating interest if you pay your balance in full each month during this period. After that, a variable APR of 15.99% to 25.99% will apply, depending on your creditworthiness.
Tip: When planning for bigger purchases or if you’re paying off existing high-interest debt, transfer these balances or make these purchases early to take full advantage of the 0% APR period.
4. Preferred Rewards Benefits
If you are a member of the Bank of America Preferred Rewards program, you can enjoy even greater rewards. Depending on your membership tier, you can get a 25% to 75% rewards bonus on every purchase you make with this card.
Tip: Boost your rewards by maintaining a high combined balance in your Bank of America accounts and thus qualifying for a higher tier in the Preferred Rewards program.
GET YOUR BANK OF AMERICA CUSTOMIZED CASH REWARDS CREDIT CARD THROUGH THE WEBSITE
| Category | Benefits |
|---|---|
| Cash Back Rewards | Earn up to 3% cash back on spending in your chosen category. |
| Flexibility | Customize your cash back categories to suit your spending habits. |
The Bank of America Customized Cash Rewards Credit Card offers a straightforward and rewarding cash back structure. With the ability to earn up to 3% cash back in a category of your choice, such as online shopping, dining, or travel, you can maximize your rewards based on where you spend the most. Additionally, the card allows you to change your chosen category each month, giving you the flexibility to adapt to your current spending needs.Another significant advantage is the ongoing cash back program, which ensures that even after your initial bonus period, you continue to accrue rewards. New cardholders can enjoy a generous introductory offer, making it a practical choice not just for everyday purchases but also for special occasions. This flexibility and the ability to choose categories ultimately provide a more personalized user experience, aligning the rewards with your financial habits.
Requirements for the Bank of America Customized Cash Rewards Credit Card
- Credit Score: A good to excellent credit score is typically required, which generally means a FICO score of 670 or higher. A solid credit history assures the bank of your reliability and financial responsibility.
- Income Verification: You need to demonstrate a stable income that supports your ability to repay any credit card balance. This can be shown through pay stubs, tax returns, or employment verification documents.
- Age Requirement: Applicants must be at least 18 years old. If you’re under 21, additional proof of independent income or a qualified co-signer might be needed.
- U.S. Residency: You should have a valid U.S. address for residency verification, which also helps ensure that your mailing address is reliable for receiving communications from the bank.
- Identification Documentation: Providing a government-issued ID, such as a driver’s license or passport, is necessary to verify your identity and eligibility.
GET YOUR BANK OF AMERICA CUSTOMIZED CASH REWARDS CREDIT CARD THROUGH THE WEBSITE
How to Apply for the Bank of America Customized Cash Rewards Credit Card
Step 1: Visit the Bank of America Website
To begin the application process for the Bank of America Customized Cash Rewards Credit Card, start by visiting the Bank of America official website. Navigate to the credit cards section where you will find a variety of options. Search for the Customized Cash Rewards Credit Card among the listings.
Step 2: Review Card Details
Before applying, it’s important to review all the details of the card. Look at the rewards structure, any associated fees, and the interest rate. Understanding these components will help you determine if this card fits your financial needs and spending habits.
Step 3: Complete the Online Application
Once you decide to apply, click on the application button to start filling out your details. You will need to provide personal information such as your name, address, Social Security number, and employment details. Ensure that all information is accurate and up-to-date to avoid any delays in the process.
Step 4: Submit Your Application
After completing the application form, carefully review all the information you have inputted. Make sure everything is correct, as mistakes can delay your application. Once verified, submit your application by clicking on the designated button. You might receive an immediate decision or be notified via email within a few days.
Step 5: Wait for Approval
After submission, Bank of America will review your application. They may perform a credit check and assess your eligibility based on the provided information. If approved, you will be notified and the card will be mailed to you. This process can take several days, so patience is key.
GET YOUR BANK OF AMERICA CUSTOMIZED CASH REWARDS CREDIT CARD THROUGH THE WEBSITE
Frequently Asked Questions about the Bank of America Customized Cash Rewards Credit Card
What are the rewards offered by the Bank of America Customized Cash Rewards Credit Card?
This card offers a versatile rewards program where you can earn 3% cash back in a category of your choice such as gas, online shopping, dining, travel, drugstores, or home improvement/furnishings. Additionally, you receive 2% cash back at grocery stores and wholesale clubs. You can earn up to $2,500 in combined choice category/grocery store/wholesale club purchases each quarter. After reaching this limit, you still earn 1% cash back on all other purchases.
Is there an annual fee for the Bank of America Customized Cash Rewards Credit Card?
No, there is no annual fee for this credit card, making it an attractive option for those looking to maximize their rewards without the added cost of maintaining the card annually.
How do I choose the category for the 3% cash back offer?
You have the flexibility to choose your 3% cash back category once per calendar month via the Bank of America mobile app or website. This feature allows you to tailor your rewards program to fit your changing spending habits, whether you’re planning for a road trip and need to prioritize gas, or setting up your home with furnishings.
Are there any introductory offers for new cardholders?
Yes, new cardholders may qualify for an introductory 0% APR on purchases and balance transfers for the first 15 billing cycles. After that, a variable APR applies based on your creditworthiness. Additionally, you can earn a $200 online cash rewards bonus after making at least $1,000 in purchases in the first 90 days of account opening.
What additional benefits does this credit card offer?
Besides the cash back rewards, this card provides various benefits such as access to your FICO® Score for free, zero liability fraud protection, and online and mobile banking access. Moreover, if you are a Bank of America Preferred Rewards member, you can earn an additional 25% to 75% rewards bonus on every purchase.
