How to Apply for Bank of America Customized Cash Rewards Credit Card
Looking to maximize your everyday spending? The Bank of America Customized Cash Rewards Credit Card might just be the perfect fit. This card stands out by offering a flexible rewards structure that allows you to earn cash back on categories that matter most to you. Whether it’s online shopping, dining, gas, or even travel, you have the freedom to adjust and benefit.
Imagine earning a generous 3% cash back on the category of your choice, topped with 2% back at grocery stores and wholesale clubs, up to the first $2,500 in combined purchases each quarter. Additionally, you receive unlimited 1% cash back on all other purchases. With no annual fee and a competitive introductory APR, this card is designed to provide significant savings and financial advantages.
Stay tuned as we guide you through the straightforward application process and help you start earning rewards tailored to your lifestyle.
Benefits of the Bank of America Customized Cash Rewards Credit Card
Flexible Cash Back Options
The Bank of America Customized Cash Rewards Credit Card is renowned for its versatile cash back program. Cardholders can earn 3% cash back in a category of their choice such as gas, online shopping, dining, travel, drug stores, or home improvement/furnishings. Additionally, you receive 2% cash back at grocery stores and wholesale clubs, and 1% on all other purchases. This flexibility allows you to tailor your rewards to your spending patterns, maximizing your earning potential.
Tip: Evaluate your monthly expenses and select the category where you spend the most to take full advantage of the 3% cash back rate.
No Annual Fee
This credit card comes with the delightful benefit of having no annual fee, allowing you to enjoy all the advantages and rewards without any yearly cost. This means more of your money stays in your pocket, which is particularly beneficial if you’re new to using credit cards or aiming to minimize your expenses.
Tip: Use this card regularly without worrying about an annual charge to organically build your credit history over time.
Introductory 0% APR Offer
Take advantage of the introductory 0% APR on purchases for the first 15 billing cycles. This benefit provides an excellent opportunity to make large purchases that you can pay off gradually without incurring interest fees. After the introductory period, a variable APR will apply.
Tip: Plan any needed big buys like a new appliance or furniture and pay it off within the introductory period to save on interest charges.
Bank of America Preferred Rewards
If you’re a Bank of America Preferred Rewards member, you can increase your cash back bonuses by 25% to 75% on each purchase, adding significant value to your rewards, especially if you maintain a significant balance with Bank of America accounts.
Tip: Consider consolidating your financial accounts with Bank of America to leverage enhanced cash back benefits if you qualify for the Preferred Rewards program.
SEE HOW TO GET YOUR BANK OF AMERICA CUSTOMIZED CASH REWARDS CREDIT CARD
| Category | Details |
|---|---|
| Cash Back Rewards | Earn up to 3% cash back on select categories. |
| No Annual Fee | Enjoy this card without the burden of an annual fee. |
The Bank of America Customized Cash Rewards Credit Card allows users to earn cash back on everyday purchases in categories they choose. With a flexible rewards structure, cardholders can tailor their cash back to their spending habits. For example, if you frequently shop for groceries, you can select that as a reward category to maximize your returns. This card stands out for its no annual fee feature, making it an excellent option for those who want to save on costs while still enjoying benefits. Additionally, it offers a welcome bonus for new cardholders, providing even more incentive to apply. Depending on your spending patterns, the potential to earn cash back can lead to significant savings over time. This blend of features makes the Bank of America Customized Cash Rewards Credit Card not only a practical option for daily spending but also a smart choice for individuals looking to manage their finances more effectively.
Requirements for Applying for Bank of America Customized Cash Rewards Credit Card
- Minimum Age: Applicants must be at least 18 years old to apply. This is a standard requirement for all credit card applications to ensure legal responsibility.
- Credit Score: A good to excellent credit score is typically required. Although Bank of America doesn’t publicly list a specific minimum score, a FICO score of 670 or higher is generally preferred.
- Employment and Income: You must be able to demonstrate a stable source of income. While there is no exact income threshold stated, having a reliable income stream assures the bank of your ability to repay.
- U.S. Residency: You need to be a resident of the United States with a valid Social Security Number or Individual Taxpayer Identification Number to qualify.
- Proof of Identity: Be prepared to provide valid identification, such as a driver’s license or a passport, to verify your identity.
- Existing Bank of America Account (Preferred): While not mandatory, having an existing account with Bank of America may improve your chances of approval and may offer additional benefits.
SIGN UP 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
Start by navigating to the official Bank of America website. You can use any web browser to do this. Once there, look for the credit cards section, which typically appears on the main menu of the homepage.
Step 2: Choose the Customized Cash Rewards Credit Card
In the credit cards section, browse the available options until you find the Customized Cash Rewards Credit Card. This card is designed to offer cash back and can be identified by its unique set of rewards and flexibility in choosing categories for extra cashback. Click on this card to proceed to its detailed information page.
Step 3: Begin the Application Process
On the card’s detail page, you’ll have the option to start your application. Click on the apply button to begin. You will be prompted to provide personal information such as your name, address, Social Security number, and employment details. Make sure to have these documents and information ready for a smooth application process.
Step 4: Review and Submit Your Application
After filling out all the necessary fields, take a moment to review your information for accuracy. It’s important to ensure everything is correct to avoid delays in processing. Once you’ve double-checked all your details, submit your application. Bank of America may provide a preliminary decision within a few minutes.
Step 5: Await Approval and Receive Your Card
If approved, you will typically receive your new Bank of America Customized Cash Rewards Credit Card within 7-10 business days by mail. Once you have the card, make sure to activate it promptly to start enjoying your benefits. If further information is needed, the bank will reach out to you for clarification.
LEARN MORE DETAILS ABOUT BANK OF AMERICA CUSTOMIZED CASH REWARDS CREDIT CARD
Frequently Asked Questions About the Bank of America Customized Cash Rewards Credit Card
What makes the Bank of America Customized Cash Rewards Credit Card unique?
This credit card stands out due to its flexible rewards structure. You can earn 3% cash back in a category of your choice, such as gas, online shopping, dining, travel, drug stores, or home improvement/furnishings. On top of that, you receive 2% cash back at grocery stores and wholesale clubs, and 1% on all other purchases. Keep in mind, the 3% and 2% categories are capped at $2,500 in combined purchases each quarter before reverting to 1% cash back.
How does the introduction APR work for this card?
The Bank of America Customized Cash Rewards Credit Card offers a 0% introductory APR on purchases and balance transfers within the first 15 billing cycles. After this period, the APR will revert to a variable rate based on your creditworthiness. Remember that balance transfers must be done within 60 days of account opening to qualify for the intro rate.
Are there any annual fees associated with this card?
One attractive feature of the Bank of America Customized Cash Rewards Credit Card is its $0 annual fee. This means you can enjoy the benefits and rewards of the card without worrying about a yearly charge cutting into your cash back earnings.
What are some extra advantages for Bank of America Preferred Rewards members?
If you are a Bank of America Preferred Rewards member, you can enhance your earnings by receiving a rewards bonus of 25% to 75% on each purchase. The bonus percentage depends on your membership tier, granting significant extra value on top of the standard cash back rates.
How can I maximize the benefits of this credit card?
To make the most of the Bank of America Customized Cash Rewards Credit Card, carefully select the 3% cash back category that aligns with your spending habits each month. Adapting to changes in your life or shopping needs can help optimize your earnings. Additionally, monitoring your quarterly spending to stay within the $2,500 cap for bonus categories ensures you’re maximizing your cash back. Engage in the Preferred Rewards program if you’re eligible to further boost your reward potential.
