How to Apply for Bank of America Customized Cash Rewards Credit Card
Imagine a credit card that not only fits your personal spending habits but also rewards you generously for them. The Bank of America Customized Cash Rewards Credit Card allows you to tailor your rewards to suit your lifestyle. With the potential to earn 3% cash back in the category of your choice, whether it’s gas, online shopping, dining, or more, this card offers a personalized approach to maximizing savings.
In addition to flexible earning opportunities, cardholders benefit from 1% cash back on all other purchases and 2% cash back at grocery stores and wholesale clubs for up to $2,500 in combined purchases each quarter. This card also offers a $200 online cash rewards bonus after making at least $1,000 in purchases in the first 90 days of account opening. Whether you’re filling up the gas tank or stocking up for a family gathering, this card caters to your needs while boosting your savings. Want to find out how to apply? Read on to discover the simple steps to get started!
Benefits of the Bank of America Customized Cash Rewards Credit Card
Flexible Cash Back Categories
The Bank of America Customized Cash Rewards Credit Card offers you the ability to earn cash back tailored to your spending habits. You can choose a 3% cash back category from options like gas, dining, online shopping, travel, drug stores, or home improvement and furnishings. This selection can be adjusted each calendar month, allowing you to maximize rewards as your spending needs change. To make the most out of this benefit, plan your large purchases around these categories and adjust monthly as necessary.
2% Back at Grocery Stores and Wholesale Clubs
With this card, you automatically earn 2% cash back at grocery stores and wholesale clubs on the first $2,500 combined in grocery/wholesale club/choice category purchases each quarter. This benefit is excellent for everyday shopping. A handy tip is to track your spending and complete most of your grocery purchases during the first half of each quarter to make the most of this tier before the spending cap is reached.
No Annual Fee
Another key benefit of the Bank of America Customized Cash Rewards Credit Card is its no annual fee. This means you can enjoy all the perks without the pressure of meeting a spending threshold to offset an annual charge. For those budget-conscious, this allows more flexible spending without an additional yearly cost.
Introductory APR Offer
If you’re planning to make a big purchase or transfer a balance, the card offers a 0% introductory APR on purchases and balance transfers for a set period. This can offer you significant savings on interest, provided you pay off the balance within the promotional timeframe. It’s wise to take advantage of this offer for purchases or balance transfers you can pay down by the end of the introductory period.
Online and Mobile Banking Access
With the convenience of online and mobile banking, managing your Bank of America Customized Cash Rewards Credit Card is simpler than ever. You can easily check your balance, make payments, and even lock your card if necessary, all from your smartphone. Utilize alerts and notifications to stay on top of your credit activity, ensuring you don’t miss a payment.
LEARN MORE DETAILS ABOUT BANK OF AMERICA CUSTOMIZED CASH REWARDS CREDIT CARD
| Category | Benefits |
|---|---|
| Cash Back Rewards | Earn 1.5% cash back on every purchase, plus 3% in categories of your choice. |
| No Annual Fee | Enjoy a no annual fee feature, maximizing your savings on purchases. |
The Bank of America Customized Cash Rewards Credit Card offers a unique blend of cash back rewards tailored to fit your spending habits. With the ability to choose your bonus category every month, whether it’s groceries, gas, or online shopping, you are empowered to make the most of your everyday purchases. This flexibility ensures that your cash back aligns directly with your lifestyle, allowing you to reap the maximum benefits of your spending.Moreover, the card features no annual fee, making it a cost-effective option for those looking to earn rewards without additional expenses. This means you can keep more of your hard-earned money while still enjoying the lucrative benefits the card has to offer. Additionally, the introductory offer often includes a bonus cash back if you reach a certain spending limit within the first few months, providing yet another incentive to explore what the card can do for you.As you delve further into the features of the Bank of America Customized Cash Rewards Credit Card, consider how its cash back structure and lack of fees can enhance your financial strategy, adding both value and savings to your daily life.
Requirements to Apply for the Bank of America Customized Cash Rewards Credit Card
- Credit Score: It’s essential to have a good to excellent credit score when applying for the Bank of America Customized Cash Rewards Credit Card. Typically, a credit score of 670 or higher will improve your chances of approval.
- Minimum Income: Applicants should demonstrate a stable and adequate income to meet the spending commitments of a credit card. However, Bank of America doesn’t explicitly state an income requirement, but ensuring you have a reliable source of income is crucial.
- Age Requirement: You must be at least 18 years old (or 21 in Puerto Rico) to apply for this credit card.
- U.S. Residency: You should be a resident of the United States to apply. This generally requires having a U.S. address as part of your application documentation.
- Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN): A valid SSN or ITIN is necessary to complete the application process, as it’s required to perform a credit check.
- Existing Bank of America Accounts: While not a strict requirement, having an existing account with Bank of America can enhance your application profile and potentially offer more tailored benefits or rewards.
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How to Apply for the Bank of America Customized Cash Rewards Credit Card
Step 1: Access the Bank of America Website
To start your application for the Bank of America Customized Cash Rewards Credit Card, visit the Bank of America official website. You can do this from your computer or smartphone. Look for the section dedicated to credit cards, which is usually noticeable on the homepage. Navigating to this section will provide you with more information about various credit card options, including the Customized Cash Rewards Credit Card.
Step 2: Explore the Credit Card Options
Once you find the credit cards section, click on the Bank of America Customized Cash Rewards Credit Card link to review the card features and benefits. This card offers cash back rewards and other advantageous features like no annual fee. Make sure to read all the details carefully and check if it aligns with your financial goals.
Step 3: Begin the Application Process
After you’ve decided that this card is the right fit for you, click on the “Apply Now” button. The application form will require some personal information, including your name, address, Social Security Number, income details, and employment information. Ensure all your details are accurate and up-to-date to avoid any application processing issues. If you’re an existing Bank of America customer, logging into your account first can often speed up the application process by auto-filling some of your information.
Step 4: Review and Submit Your Application
Before hitting the submit button, review all the information you have entered. Ensure there are no mistakes, as errors could lead to delays or rejection of your application. Once you’re satisfied, submit your application for processing. You should receive a confirmation immediately after submission.
Step 5: Await Approval
After submitting, your application will go through an approval process. This can take a few minutes to a few days. Bank of America will notify you of your application’s status via email or regular mail. Upon approval, you will receive your new Bank of America Customized Cash Rewards Credit Card in the mail.
SEE HOW TO GET YOUR BANK OF AMERICA CUSTOMIZED CASH REWARDS CREDIT CARD
Frequently Asked Questions about Bank of America Customized Cash Rewards Credit Card
What is the Bank of America Customized Cash Rewards Credit Card?
The Bank of America Customized Cash Rewards Credit Card is a versatile credit card that allows you to earn cash back on your purchases. This card offers 3% cash back in a category of your choice, like gas stations, online shopping, dining, travel, drug stores, or home improvement. Additionally, you’ll earn 2% cash back at grocery stores and wholesale clubs (on the first $2,500 in combined choice category/grocery store/wholesale club purchases each quarter), and 1% cash back on all other purchases.
How do I choose the 3% cash back category?
You can select your preferred 3% cash back category through the Bank of America online banking platform or mobile app. This flexibility allows you to tailor your rewards to best fit your current spending habits. Remember, you can change your selected category once each calendar month, thus aligning it to your upcoming spending plans effectively.
Are there any annual fees or foreign transaction fees with this credit card?
The Bank of America Customized Cash Rewards Credit Card has $0 annual fee, making it a cost-effective choice for budget-conscious users. However, if you plan to use the card while traveling abroad, be aware that it charges a 3% foreign transaction fee. This fee applies to any purchase made in a foreign currency or outside the United States.
What is the introductory APR offer on this credit card?
New cardholders can benefit from a 0% introductory APR for the first 15 billing cycles on purchases and any balance transfers made within 60 days of opening the account. After the introductory period, a standard APR based on your creditworthiness will apply to any remaining balance. It’s important to use this benefit wisely to avoid accruing interest, as the typical APR for purchases will range from 18.24% to 28.24% variable.
Is this card beneficial for Bank of America Preferred Rewards members?
Yes, if you’re a Bank of America Preferred Rewards member, you can earn an additional bonus on the cash back rewards. Depending on your tier (Gold, Platinum, or Platinum Honors), you can receive a boost of 25% to 75% on every cash back dollar earned. This makes the Bank of America Customized Cash Rewards Credit Card especially valuable for those already banking with Bank of America and seeking to maximize their rewards.
