How to Apply for Bank of America Customized Cash Rewards Credit Card
Looking to boost your spending power while earning rewards? The Bank of America Customized Cash Rewards Credit Card offers a compelling blend of flexibility and value. Designed for savvy consumers, this card allows you to earn 3% cashback on a category of your choice—think groceries, online shopping, or gas. Even when your spending shifts month to month, the 2% cashback on grocery stores and wholesale clubs and 1% on all other purchases keeps your earnings steady.
Imagine saving money on everyday purchases while enjoying the convenience of payment flexibility. When you apply for this card, not only do you capitalize on tailored rewards, but you also gain access to exclusive offers and promotions. Ideal for those looking to optimize their purchasing power, this card invites you to reimagine everyday spending with benefits that align seamlessly with your lifestyle. Curious to know more about applying? You’re in the right place.
Key Benefits of the Bank of America Customized Cash Rewards Credit Card
1. Flexible Cash Back Options
The Bank of America Customized Cash Rewards Credit Card offers a unique cash back program that allows you to tailor your earnings to fit your lifestyle. You can earn 3% cash back in a category of your choice, such as online shopping, dining, or travel, which means you can align your rewards with your spending habits. Additionally, enjoy 2% cash back at grocery stores and wholesale clubs and 1% on all other purchases. Keep an eye on your spending patterns to adjust your chosen category for maximum savings.
2. Introductory 0% APR Offer
This credit card comes with an enticing 0% introductory APR on purchases and balance transfers for the first 15 billing cycles. If you’re planning a big purchase or looking to consolidate debt, this benefit can save you money on interest fees. Remember to map out a repayment plan to make the most of this period and aim to pay off your balance before the regular APR applies.
3. No Annual Fee
The Bank of America Customized Cash Rewards Credit Card boasts a no annual fee policy, making it an attractive option for budget-conscious consumers. Without the worry of an additional yearly cost, you can focus on maximizing your cash back rewards and taking full advantage of the card’s features. Consider using this card regularly to maintain an active account, which can help improve your credit score over time.
4. Preferred Rewards Bonus
If you’re a Bank of America Preferred Rewards member, you can enjoy an additional 25% to 75% bonus on your cash back earnings. This benefit further enhances your rewards, making every dollar spent more valuable. To become a Preferred Rewards member, maintain a balance across eligible accounts and reap the increased cash back as a loyal customer.
SIGN UP TO GET YOUR BANK OF AMERICA CUSTOMIZED CASH REWARDS CREDIT CARD
| Category | Details |
|---|---|
| Cash Back Rewards | Earn up to 3% cash back on your favorite categories, making it a versatile choice for everyday spending. |
| Introductory Offers | Receive a bonus when you spend a specified amount in the first 90 days, giving your finances a jumpstart. |
This card effectively allows users to customize their cash back categories, adapting to personal spending habits and maximizing savings on purchases. For example, if you spend more on groceries, you can choose that category to earn the highest rewards. Additionally, the card has no annual fee, making it a cost-effective choice for many customers. The flexibility of this credit card aligns with a user’s financial goals while providing attractive incentives for regular usage.
Requirements to Apply for the Bank of America Customized Cash Rewards Credit Card
- Credit Score: A good to excellent credit score, typically above 670, is generally required to apply for this credit card. Having a higher score can improve your chances of approval and may help you qualify for better terms.
- Minimum Income: While specific income requirements are not publicly disclosed by Bank of America, you should demonstrate a steady source of income. This helps the bank assess your ability to manage credit responsibly.
- Proof of Identity: Applicants must provide valid identification, such as a U.S. driver’s license or passport, to verify their identity.
- U.S. Residency: You need to be a U.S. resident with a valid Social Security Number or Individual Taxpayer Identification Number. This requirement is vital for establishing your credit history and identity.
- Age Requirement: You must be at least 18 years old, as this is the legal age to enter into a credit agreement in the United States.
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 or Local Branch
Start by visiting the official Bank of America website. You can easily navigate to their credit cards section by searching for “Bank of America Customized Cash Rewards Credit Card” in your web browser. For those who prefer in-person assistance, consider visiting a local Bank of America branch where a representative can assist you with the application process.
Step 2: Understand the Card Features and Eligibility
Before applying, familiarize yourself with the features of the Customized Cash Rewards Credit Card. Understanding terms like cash back rewards, interest rates, and annual fees is crucial. Ensure that you meet the eligibility criteria, such as being at least 18 years old (or 21 in some states), having a good credit score, and possessing a valid U.S. address and Social Security number.
Step 3: Complete the Online Application Form
Proceed to fill out the online application form available on their website. You will be required to provide personal information such as your name, address, employment details, and financial information. Take your time to enter accurate data, as this will be used to evaluate your creditworthiness.
Step 4: Review Your Application
Before submitting, carefully review all the information you’ve provided. Ensure it’s accurate and complete to avoid any delays in processing. Look over the terms and conditions to understand your rights and responsibilities as a cardholder.
Step 5: Submit and Await Approval
Once you are satisfied with your application, submit it through the website. You may receive a decision within minutes, or in some cases, further review might be necessary, taking a few days. Approval will be communicated via email or postal mail, and if approved, your credit card will be delivered to your registered address.
SEE HOW TO GET YOUR BANK OF AMERICA CUSTOMIZED CASH REWARDS CREDIT CARD
Frequently Asked Questions about the Bank of America Customized Cash Rewards Credit Card
What are the main rewards offered by the Bank of America Customized Cash Rewards Credit Card?
The Bank of America Customized Cash Rewards Credit Card offers a flexible rewards program where you can earn 3% cash back in a category of your choice, such as gas, online shopping, dining, travel, drug stores, or home improvement. Additionally, you earn 2% cash back at grocery stores and wholesale clubs, and 1% cash back on all other purchases. It’s important to note that the 3% and 2% categories are capped at $2,500 in combined purchases each quarter; after that, purchases earn 1% cash back.
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 a cost-effective option for earning rewards on everyday purchases without having to worry about an added yearly expense.
How does the intro APR offer work for this credit card?
The Bank of America Customized Cash Rewards Credit Card offers a 0% introductory APR on purchases and balance transfers for the first 15 billing cycles. This can be a great feature if you are planning a large purchase or wish to consolidate existing credit card debt. After the introductory period, a variable APR will apply, based on your creditworthiness.
Can I change the 3% cash back category, and if so, how often?
Yes, you have the flexibility to change your 3% cash back category once each calendar month. This allows you to maximize your rewards based on your changing spending needs throughout the year.
Does Bank of America offer any bonuses for new cardholders?
Yes, as a new cardholder, you can earn a bonus offer. Currently, you may be eligible to receive $200 cash rewards after making at least $1,000 in purchases in the first 90 days of opening your account. Make sure to check the most current offer at the time you apply, as promotions can change.
