Apply for Bank of America Customized Cash Rewards Credit Card Easily
Unlock the potential for smarter spending with a card tailored to your lifestyle needs. The Bank of America Customized Cash Rewards Credit Card offers an effortless way to earn cash back on everyday purchases. With this card, you can enjoy the flexibility of choosing categories that suit your spending habits, ensuring more cash back on the things that matter most to you.
Take advantage of the no annual fee, making it an ideal option for budget-conscious consumers. It’s designed to streamline your financial management by offering valuable insights and rewards through everyday use. Plus, new cardholders can benefit from an enticing introductory APR offer on purchases, easing the initial financial burden.
Whether you’re fueling up at the gas station or stocking up on groceries, this card is a practical companion in your financial toolkit. Explore the opportunities for savings and financial ease that await when you take the leap and apply today.
Benefits of the Bank of America Customized Cash Rewards Credit Card
Flexible Cash Back Categories
With the Bank of America Customized Cash Rewards Credit Card, you have the flexibility to earn cash back in categories that align with your spending habits. Choose between popular categories such as gas, online shopping, dining, travel, drug stores, or home improvement!
Tip: Review your monthly expenses to select the cash back category that maximizes your savings each quarter, ensuring you’re getting the best value from your spendings.
No Annual Fee
This credit card comes with the added advantage of having no annual fee, meaning you can enjoy all its perks without the worry of extra costs cutting into your savings. Every dollar you save with cash back goes right into your pocket.
Tip: Redirect the money you would have spent on an annual fee into a savings account or use it towards paying off other debts for lasting financial health.
Introductory APR Offer
Enjoy an introductory 0% APR for the first 15 billing cycles on purchases and balance transfers. This is a fantastic way to manage large expenditures or consolidate high-interest debt, offering an opportunity to save on interest payments.
Tip: Plan significant purchases during this introductory period to leverage added savings, and set reminders to pay off the balance before the promotional period ends.
Enhanced Rewards for Bank of America Clients
If you are a Bank of America client, you can benefit from the Preferred Rewards program, which offers you up to 75% more cash back on every purchase. This enhances your rewards exponentially, turning regular expenses into lucrative financial opportunities.
Tip: Consider consolidating your banking with Bank of America to maximize these rewards, optimizing your financial strategy holistically.
CLICK HERE TO GET YOUR BANK OF AMERICA CUSTOMIZED CASH REWARDS CREDIT CARD
Requirements for the Bank of America Customized Cash Rewards Credit Card
- Minimum Credit Score: Applicants generally need a good or excellent credit score. This typically starts around 670, making it important to maintain a healthy credit history for the best chances of approval.
- Age and Legal Status: You must be at least 18 years old and a legal resident of the United States. This ensures that you meet the basic eligibility criteria for financial responsibility.
- Income Verification: Although there is no specific minimum income requirement stated, you must demonstrate a stable income source. This could be through employment, business revenue, or other verifiable earnings to assure the ability to repay the credit.
- Proof of Identity: Valid government-issued identification, such as a Social Security number or Tax Identification number, is necessary to process your application efficiently.
- Contact Information: Providing accurate contact details, such as your physical address, phone number, and email address, is essential for communication and card delivery.
SIGN UP FOR YOUR BANK OF AMERICA CUSTOMIZED CASH REWARDS CREDIT CARD TODAY
How to Apply for the Bank of America Customized Cash Rewards Credit Card
Step 1: Visit the Bank of America Website or Nearest Branch
Start by accessing the Bank of America website. For those who prefer an in-person experience, you also have the option to visit your nearest Bank of America branch. Either way, you’ll be able to find all the necessary information about the Customized Cash Rewards Credit Card.
Step 2: Navigate to the Credit Card Section
Once on the homepage, locate the credit card section, which is usually found under the main menu. Look for the “Customized Cash Rewards Credit Card” option. Click on it to find detailed information about the card’s features, benefits, and terms and conditions.
Step 3: Check Eligibility Requirements
Before proceeding with the application, make sure you meet the eligibility requirements, such as age, income, and credit score criteria. This information is typically listed on the same page as the credit card details. Ensuring you are eligible will make the application process smoother.
Step 4: Start the Online Application
Proceed by clicking the apply button on the credit card page. You will be guided through an application form where you need to provide personal and financial information like your name, address, employment details, and social security number. Be sure to fill out all required fields accurately to avoid any processing delays.
Step 5: Submit Your Application and Await Approval
After completing the application form, double-check your information and submit the application. Bank of America typically reviews credit card applications promptly. You may receive an instant decision, or it might take a few days. Keep an eye on your email or check the online portal for updates.
CLICK HERE 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 cash back categories available with this credit card?
The Bank of America Customized Cash Rewards Credit Card offers a flexible cash back structure. You can earn 3% cash back in one category of your choice, such as gas, online shopping, dining, travel, drug stores, or home improvement/furnishings. Additionally, you can earn 2% cash back at grocery stores and wholesale clubs. All other purchases earn 1% cash back. Keep in mind, the 3% and 2% categories are capped at $2,500 per quarter in combined purchases, after which the rewards revert to 1%.
How can I change my 3% cash back category?
Changing your cash back category is simple and can be done online or via the Bank of America mobile app. You have the option to select a new category every month, giving you the flexibility to adjust your rewards strategy according to your spending habits. If you don’t proactively change it, your category will remain the same.
Are there any annual fees or foreign transaction fees?
The Bank of America Customized Cash Rewards Credit Card comes with no annual fee, making it an excellent choice for those seeking to maximize savings without additional costs. However, it is important to note that there is a 3% foreign transaction fee on purchases made abroad, so it may not be the best card for international travel expenses.
How does this credit card support balance transfer offers?
For individuals looking to manage existing credit card debt, this card often includes a 0% introductory APR on balance transfers for the first 15 billing cycles made within the first 60 days of opening your account. After this period, the APR will revert to the standard variable rate. Be aware that balance transfers are subject to a fee of either $10 or 3% of the amount of each transaction, whichever is greater.
How does Preferred Rewards membership benefit cardholders?
If you are a Bank of America Preferred Rewards member, you can earn an additional 25% to 75% cash back bonus on every purchase. This means you can significantly increase your cash back rewards based on your eligible tier. Enrollment in the Preferred Rewards program is free, but you need to maintain an average daily balance of at least $20,000 in your Bank of America banking and/or Merrill investment accounts to qualify.
Beatriz Johnson is a seasoned financial analyst and writer with a passion for simplifying the complexities of economics and finance. With over a decade of experience in the industry, she specializes in topics like personal finance, investment strategies, and global economic trends. Through her work on Father Company, Beatriz empowers readers to make informed financial decisions and stay ahead in the ever-changing economic landscape.
