About Bank of America® Customized Cash Rewards Credit Card
The Bank of America® Customized Cash Rewards credit card is a versatile cashback rewards credit card that allows you to earn cash back on every purchase you make. This card lets you choose the category for which you earn the highest cash back rate, and you can even change your category once per calendar month.
With the Bank of America® Customized Cash Rewards credit card, you can earn 3% cash back on the category of your choice, including gas, online shopping, dining, travel, drug stores, or home improvement and furnishings. You will also earn 2% cash back at grocery stores and wholesale clubs, and 1% cash back on all other purchases.
There is no annual fee for this credit card, and you can earn a $200 online cash rewards bonus after making $1,000 in purchases in the first 90 days of account opening.
Additionally, the Bank of America® Customized Cash Rewards credit card offers a 0% introductory APR for the first 15 billing cycles on purchases and balance transfers (balance transfer fee applies). After the introductory period, the APR will be 13.99% – 23.99% Variable based on your creditworthiness.
This credit card also includes several benefits such as overdraft protection, $0 liability guarantee for fraudulent transactions, and mobile banking options.
Overall, the Bank of America® Customized Cash Rewards credit card is a great choice for those who want to earn cash back on their purchases while enjoying the flexibility of choosing their own cash back category.
Why choose Bank of America® Customized Cash Rewards Credit Card
The Bank of America® Customized Cash Rewards Credit Card is a great choice for those looking to earn cashback rewards on everyday purchases. With this card, you can earn 3% cashback on a category of your choice, 2% cashback at grocery stores and wholesale clubs, and 1% cashback on all other purchases. Plus, you can earn a $200 cash rewards bonus after making $1,000 in purchases within the first 90 days of account opening.
The Bank of America® Customized Cash Rewards Credit Card also comes with a 0% introductory APR for purchases and balance transfers for the first 15 billing cycles, which can help you save money on interest charges. Additionally, there is no annual fee, making this card a great value.
One of the best features of this card is the ability to customize your 3% cashback category each month. You can choose from categories such as gas, online shopping, dining, travel, drug stores, or home improvement and furnishings. This allows you to earn rewards on the purchases that are most important to you.
Another benefit of this card is that it offers a range of security features, including account alerts, fraud monitoring, and zero liability for unauthorized purchases. You can also use the Bank of America mobile app to easily manage your account, track your rewards, and pay your bill.
Overall, the Bank of America® Customized Cash Rewards Credit Card is a versatile and rewarding option for those looking to earn cashback on their everyday purchases while enjoying a range of valuable benefits and features.
How to apply for Bank of America® Customized Cash Rewards Credit Card
You can apply for the Bank of America® Customized Cash Rewards Credit Card online by following these simple steps:
- Visit the Bank of America website and navigate to the Customized Cash Rewards Credit Card page.
- Click on the “Apply Now” button.
- Fill out the application form with your personal and financial information.
- Review the application and submit it.
You will typically receive a decision on your application within a few minutes. If your application is approved, you can expect to receive your new card in the mail within 7-10 business days.
What are my approval odds for Bank of America® Customized Cash Rewards Credit Card
The approval odds for the Bank of America® Customized Cash Rewards Credit Card will depend on various factors, including your credit history, income, debt-to-income ratio, and other factors considered by the bank.
Generally, if you have a good credit score (around 670 or above), a steady income, and a low debt-to-income ratio, you may have better odds of getting approved for this card. However, the final decision will be made by Bank of America based on your individual creditworthiness.
FAQs about Bank of America® Customized Cash Rewards Credit Card
Here are some frequently asked questions (FAQs) about the Bank of America® Customized Cash Rewards Credit Card:
- What are the benefits of the Bank of America® Customized Cash Rewards Credit Card?
The card offers 3% cash back in a category of your choice, 2% cash back at grocery stores and wholesale clubs, and 1% cash back on all other purchases. You can also earn a $200 online cash rewards bonus after you make at least $1000 in purchases in the first 90 days of account opening. The card has no annual fee and offers a 0% introductory APR for 15 billing cycles on purchases and balance transfers made within the first 60 days.
- How do I redeem my cash back rewards?
You can redeem your cash back rewards as a statement credit, a check, or a direct deposit to your Bank of America checking or savings account. You can also redeem your rewards for travel or gift cards.
- Is there a limit to the cash back rewards I can earn?
There is no limit to the amount of cash back rewards you can earn. However, the 3% and 2% cash back categories have a combined quarterly spending limit of $2,500.
- What credit score do I need to be approved for the Bank of America® Customized Cash Rewards Credit Card?
You will need a good to excellent credit score (typically 670 or higher) to be approved for this card.
- Is there an annual fee for the Bank of America® Customized Cash Rewards Credit Card?
No, there is no annual fee for this card.
- Can I add authorized users to my Bank of America® Customized Cash Rewards Credit Card?
Yes, you can add authorized users to your account, and their purchases will earn cash back rewards. However, you will be responsible for all charges made by authorized users on your account.
- Does the Bank of America® Customized Cash Rewards Credit Card offer any additional perks or benefits?
Yes, the card offers benefits such as extended warranty protection, purchase security, and travel accident insurance. You can also access Bank of America’s free FICO credit score service to monitor your credit score.
