How to Apply for Bank of America Customized Cash Rewards Credit Card

Aiming to blend flexibility and rewarding cashback, the Bank of America Customized Cash Rewards Credit Card offers compelling features for diverse spending habits. With this card, you can tailor your rewards by selecting a category that suits your lifestyle, whether it’s dining, travel, or online shopping.

Key benefits include the opportunity to earn 3% cash back on your chosen category and 2% at grocery stores, up to $2,500 each quarter in combined choice category/grocery store/wholesale club purchases. It also introduces a $200 online cash rewards bonus after making at least $1,000 in purchases in the first 90 days of account opening.

This card not only caters to shopping preferences but also ensures you save with no annual fee. Plus, you can enhance your rewards by becoming a Bank of America Preferred Rewards member, providing even higher cash back earnings. Navigating credit card choices can be daunting, but understanding these features can simplify the decision to apply.

Benefits of the Bank of America Customized Cash Rewards Credit Card

1. Flexible Cash-Back Opportunities

The Bank of America Customized Cash Rewards Credit Card offers versatile cash-back options, allowing cardholders to earn 3% cash back in a category of their choice. This customization lets you tailor your rewards to fit your spending habits, whether it’s gas, online shopping, dining, or more. Additionally, you’ll earn 2% cash back at grocery stores and wholesale clubs and 1% on all other purchases.

2. No Annual Fee

Unlike many other rewards cards, the Customized Cash Rewards Credit Card boasts an impressive perk — no annual fee. This means you can maximize your earnings without worrying about any hidden costs eating into your savings. For those cautious about extra expenses, this feature is an excellent way to increase financial gains.

3. Introductory APR Period

New cardholders can take advantage of an introductory 0% APR on purchases and balance transfers for the first 15 billing cycles. This is particularly beneficial when planning large purchases or consolidating existing debts from other higher-interest cards, giving you breathing room to manage repayments without pressure.

4. Additional Banking Relationships Benefit

If you’re a Bank of America Preferred Rewards client, you can further enhance your cash-back earnings with a bonus of 25% to 75% on each purchase. Cultivate your banking relationship to reap these supplementary benefits, making every transaction go the extra mile for your wallet.

5. Online and Mobile Banking Rewards

Stay organized and maximize your card’s advantages through Bank of America’s advanced online and mobile banking tools. You can easily track rewards, pay bills, and manage your account anytime. Leverage these tools for greater control and convenience, ensuring you never miss out on earning potential.

GET YOUR BANK OF AMERICA CUSTOMIZED CASH REWARDS CREDIT CARD THROUGH THE WEBSITE

The Bank of America Customized Cash Rewards Credit Card offers an array of benefits designed to cater to a diverse range of spending habits. Its structured rewards system encourages users to personalize their earning potential while maintaining no annual fee, making it an attractive option for budget-conscious consumers. The introductory offers present additional incentives for new customers to explore this rewarding financing tool. Each feature collectively highlights why this credit card stands out, urging prospective applicants to consider its advantages further.

Requirements to Apply for the Bank of America Customized Cash Rewards Credit Card

• Minimum Income Requirement: While Bank of America doesn’t disclose specific income requirements, having a stable income is essential for eligibility, ensuring you can cover any debt obligations.
• Credit Score: A good or excellent credit score is typically necessary. Applicants generally need a FICO score of 670 or higher to increase their chances of approval.
• Identification Documentation: Be prepared with proof of identity, such as a Social Security number or an Individual Taxpayer Identification Number (ITIN), and a valid driver’s license or state ID.
• U.S. Residency: You must be a U.S. resident to apply for this card. This means having a valid physical address in the United States.
• Existing Bank of America Relationship: While not mandatory, existing customers may find a smoother application process if they have a relationship with the bank.

SEE HOW 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

To kickstart your application for the Bank of America Customized Cash Rewards Credit Card, your first step is to navigate to the Bank of America website. Access their homepage and look for the credit card section. Alternatively, you can use a search engine with keywords like “Bank of America Customized Cash Rewards Credit Card” to go directly to the card’s dedicated page. This step is crucial as it provides you with the most recent and relevant information regarding offers and terms associated with this credit card.

Step 2: Review the Card Details

Once you’re on the credit card’s page, take a moment to review all available details. It’s essential to understand the card’s features, such as its cashback rewards structure, interest rates, annual fees (if any), and any ongoing promotional offers. The information provided will help you determine if this card suits your financial needs and lifestyle. A thorough review of this info will ensure you make an informed decision and maximize your rewards potential.

Step 3: Start Your Application

After reviewing the card benefits and details, you are ready to start your application by locating and clicking on the “Apply Now” button. This action will direct you to the application form where you’ll be required to input your personal and financial details, such as your Social Security number, employment information, and annual income. Ensure that the information you provide is accurate, as any discrepancies can delay the approval process.

Step 4: Submit Additional Documentation

Depending on your application details, Bank of America might request additional documentation to verify your identity and financial situation. Common documentation requests include copies of your ID and recent pay stubs. Be prepared to quickly supply these documents to prevent any interruption in the processing of your application.

Step 5: Await Approval and Activation

After submitting your application and any required documents, all that’s left is to await approval from Bank of America. Approval times can vary, but you can often expect a response within a few business days. If approved, you will receive your Customized Cash Rewards Credit Card in the mail. Follow any enclosed instructions for card activation to start enjoying your new benefits.

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 cashback rewards offered by this credit card?

The Bank of America Customized Cash Rewards Credit Card offers a compelling cashback structure. Earn 3% cash back in the category of your choice, which you can change each month, such as gas, online shopping, dining, travel, drug stores, or home improvement/furnishings. Additionally, receive 2% cash back at grocery stores and wholesale clubs. All other purchases provide 1% cash back. Note that the 3% and 2% categories have a combined quarterly spending limit of $2,500.

Is there an annual fee for this credit card?

No, there is no annual fee charged for holding the Bank of America Customized Cash Rewards Credit Card, making it a cost-effective option for those looking to maximize cash back without the burden of annual costs.

Are there any introductory APR offers available?

Yes, the card provides a 0% introductory APR for the first 18 billing cycles for purchases and any balance transfers made within the first 60 days. After that, a variable APR of 16.99% to 26.99% applies based on creditworthiness.

How can I redeem the cashback rewards?

Cashback rewards can be conveniently redeemed in several ways. Cardholders can opt for a direct deposit into a Bank of America checking or savings account or request a credit statement. Additionally, rewards points can be used for purchases at the Bank of America Travel Center. The redemption process is user-friendly and easily managed through the mobile app or online banking.

Are there additional benefits for Bank of America Preferred Rewards clients?

Yes, Preferred Rewards members can boost their cashback earnings by 25% to 75% on every purchase, depending on their tier. This means, for top-tier members, the 3% category reward could climb to a notable 5.25%. The Preferred Rewards program offers expanded benefits, enhancing the overall value of this credit card for loyal Bank of America clients, creating a synergy that can lead to substantial financial rewards.

Linda Carter

Linda Carter is a writer and financial expert specializing in personal finance and financial planning. With extensive experience helping individuals achieve financial stability and make informed decisions, Linda shares her knowledge on the our platform. Her goal is to empower readers with practical advice and strategies for financial success.