How to Apply for Bank of America Customized Cash Rewards Credit Card
Ready to unlock the potential of hassle-free rewards in your everyday spending? The Bank of America Customized Cash Rewards Credit Card offers a personalized approach to cashback, allowing you to tailor your rewards to fit your lifestyle. Imagine earning 3% cash back on your choice of select categories, from dining to travel, without breaking a sweat. Plus, with 2% at grocery stores and wholesale clubs and 1% on all other purchases, this card adapts to your varied spending habits.
Whether you’re a frequent grocery shopper or an avid traveler, customizing your cashback categories means the rewards can be as unique as your spending. Beyond the cashback game, enjoy a streamlined application process and a competitive introductory APR offer, making it a wise choice for those looking to maximize value effortlessly. Let’s delve into how you can apply and start enjoying these tailored perks.
Benefits of the Bank of America Customized Cash Rewards Credit Card
Flexible Cash Back Options
One of the standout features of the Bank of America Customized Cash Rewards Credit Card is its flexible cash back program. Cardholders can earn 3% cash back in one category of their choice, such as gas, online shopping, dining, travel, drug stores, or home improvement/furnishings. This allows you to tailor the rewards to your spending habits, maximizing your cash back in areas where you spend the most. To maximize this benefit, review your monthly expenses and choose the category where you spend the most as your 3% cash back option.
No Annual Fee
This credit card does not charge an annual fee, making it an excellent choice for anyone looking to save money on unnecessary charges. By eliminating the worry of an annual fee, you can focus on utilizing the card’s other benefits without the pressure of additional costs. Remember to keep an eye on other fees such as late payment or foreign transaction fees and plan your spending accordingly.
Introductory Offers
New cardholders can take advantage of a 0% introductory APR for 15 billing cycles on purchases and balance transfers made within the first 60 days. This can be a great way to manage any large purchases or consolidate high-interest debt. To leverage this offer effectively, plan any sizable purchases or balance transfers soon after receiving your card to benefit from the interest-free period.
Preferred Rewards Members Boost
If you’re part of the Bank of America Preferred Rewards program, you can boost your cash back by 25% to 75% more with every purchase. This makes it worth considering opening a Bank of America checking or savings account and enrolling in the Preferred Rewards program if you aren’t already a member. The more assets you qualify with, the greater your cashback bonus will be.
LEARN MORE DETAILS ABOUT BANK OF AMERICA CUSTOMIZED CASH REWARDS CREDIT CARD
| Category | Details |
|---|---|
| Cashback Rewards | Earn 3% on chosen category, 2% on groceries, and 1% on all other purchases. |
| No Annual Fee | Save money every year without the cost of a typical credit card. |
The Bank of America Customized Cash Rewards Credit Card offers unique incentives that attract a wide range of users. The significant cashback rewards create a tailored experience based on your spending habits. By allowing you to select your top spending category, this card ensures that your purchases reward you most effectively.Another compelling aspect of this credit card is that it carries absolutely no annual fee. This feature makes it particularly appealing for those who wish to maintain a credit card with benefits without the usual costs associated with premium options. This can lead to substantial savings, especially for individuals who might not use a credit card frequently.Overall, the combination of flexible rewards and zero annual fee is designed to enhance cardholder satisfaction and make it a valuable tool for smart spending.
Requirements for the Bank of America Customized Cash Rewards Credit Card
- Credit Score: A good to excellent credit score is generally recommended. This typically means having a score of 670 or higher.
- Age Requirement: Applicants must be at least 18 years old; however, those between 18 and 21 may need to prove independent income or have a cosigner.
- SSN or ITIN: You need a Social Security Number (SSN) or an Individual Taxpayer Identification Number (ITIN) to apply.
- Proof of Income: While there’s no strict minimum income requirement publicly disclosed, Bank of America will assess your ability to repay based on your income details and debts.
- Citizenship: U.S. citizenship or permanent residency is typically required to apply for this card.
- Bank Account: Having an existing Bank of America account may increase your approval chances, although it’s not mandatory.
SEE HOW TO GET YOUR BANK OF AMERICA CUSTOMIZED CASH REWARDS CREDIT CARD
How to Apply for the Bank of America Customized Cash Rewards Credit Card
Step 1: Visit the Bank of America Website
To begin your application for the Bank of America Customized Cash Rewards Credit Card, you will first need to visit their official website. You can do this by typing “Bank of America credit card” into your preferred search engine or by directly entering the URL: bankofamerica.com in your browser’s address bar. Once on the homepage, navigate to the credit cards section to find the Customized Cash Rewards Credit Card option.
Step 2: Review the Card Details
Once you have located the Customized Cash Rewards Credit Card on the website, take the time to carefully review its features, benefits, and terms. Understand the cash back rewards structure, any annual fees, and interest rates involved. This step ensures that the card aligns with your financial needs and spending habits.
Step 3: Start Your Application
When you’re ready to proceed, click on the “Apply Now” button associated with the card. You will be directed to the application form where you’ll need to provide personal information such as your name, address, social security number, and employment information. Ensure all details are accurate to avoid application delays.
Step 4: Submit the Application
After filling out the application form, review the provided information for accuracy. Once you’re confident everything is correct, submit the application. Bank of America typically provides a decision in minutes but, in some cases, it might take longer as they may need to review additional information.
Step 5: Follow Up on Your Application
If your application is immediately approved, you can expect to receive your new credit card by mail within 7 to 10 business days. If additional information is needed, you may receive a message indicating what further steps you must take. Be sure to check your email regularly for any updates from the bank.
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Frequently Asked Questions about the Bank of America Customized Cash Rewards Credit Card
What are the main features of the Bank of America Customized Cash Rewards Credit Card?
The Bank of America Customized Cash Rewards Credit Card offers a unique benefit of allowing you to choose your 3% cash back category. You can select from categories like gas, online shopping, dining, travel, drug stores, or home improvement/furnishings. Additionally, you earn 2% cash back at grocery stores and wholesale clubs, up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases, and 1% on all other purchases. If you are a Preferred Rewards member, you can earn an additional 25% to 75% bonus on every purchase.
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 accessible for those who wish to earn rewards without any upfront cost.
How does the intro APR offer work for this credit card?
The card features an introductory 0% APR for the first 18 billing cycles on purchases and for any balance transfers made within 60 days of account opening. After that, a variable APR will apply. This offer can be advantageous if you plan to make a large purchase or transfer a balance and need time to pay it off without interest.
Are there any special incentives for new customers?
Yes, new cardholders can earn a $200 online cash rewards bonus after making at least $1,000 in purchases in the first 90 days of account opening. This bonus can provide a great initial benefit as you start using the card.
How do I redeem the cash rewards earned with this card?
Cash rewards can be redeemed for statement credits, deposits directly into a Bank of America checking or savings account, or for credit to an eligible Merrill account, such as a 529 account. This flexibility allows you to use your rewards in a way that best suits your financial preferences and goals.
